Bruno Mars is reportedly facing financial issues with MGM Resorts International, the company with which he signed a multi-year residency deal back in 2016.
The 38-year-old singer, known for hits like “24K Magic,” was contracted to perform at MGM’s Park MGM resort in Las Vegas.
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However, sources have indicated that Mars’ gambling habits have led to substantial debts at the poker tables in Las Vegas, as reported by NewsNation.
According to a Vegas insider cited by the outlet, Mars owes millions to MGM, with estimates ranging as high as $50 million. The source suggested that Mars’ lucrative deal with the casino, estimated at $90 million annually, is substantially offset by his outstanding debts, leaving him with a significantly reduced income of $1.5 million per night after taxes.
Part of Mars’ agreement with MGM reportedly included the establishment of The Pinky Ring, a cocktail lounge within the Bellagio Resort, with plans for additional projects in progress.
