Bruno Mars is reportedly crumbling under pressure to pay off a hefty debt of $50 million that he made whilst gambling.
The musician, who announced his multi-year residency with MGM Resorts International in 2016 in Las Vegas, racked up large debts at the table, per an insider cited by News Nation.
“He owes millions to the MGM (from gambling),” the source told the outlet. “(MGM) basically own him.”
The insider added, “He makes $90 million a year off of the deal he did with the casino, but then he has to pay back his debt… after taxes (Mars makes $1.5 million per night).”
After tax deduction, Mars is left with a sum of around $60 million.
Back in 2016, the president of MGM Resorts International claimed that Mars is “among the most talented performers in the world and we are excited to start a long-term relationship with him across our industry-leading portfolio of entertainment venues.”
The 24k Magic singer has spoken about his affinity for gambling in past media interviews, revealing that he visited his first casino at 19 years ol when he was still an undiscovered musician.
He reportedly paid off his rents through playing poker.
Mars’ residency at Park MGM resumes in June.
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