The MGM Grand Casino in Las Vegas reportedly “owns” singer Bruno Mars, who has $50 million in gambling debts.
“He owes MGM millions of dollars.” [from gambling],” sauce Said News Land of Mars. “His debt reached $50 million. [The MGM] It’s basically his.”
“He earns $90 million a year from his casino contract, but then he has to pay off his debts,” the source added. “After tax” [Mars makes $1.5 million per night]”
NewsNation noted that $90 million after taxes is closer to $60 million. But given that gambling losses are tax deductible, Mars could do better this year.
Additionally, the 38-year-old “Just the Way You Are” singer Estimated net worth $175 million.
Mars once made a living as a professional poker player, but reportedly racked up huge debts at the casino tables.
The “Locked Out of Heaven” singer has been living in Las Vegas with free room and board since signing a long-term contract in 2016, but apparently hasn’t taken any money home during his stay.
Meanwhile, MGM is reportedly doubling down on its commitment to Mars, with the singer’s Pinky Ring Lounge at the Bellagio, also an MGM property, being unveiled at the Super Bowl, and Mars also working with an upscale casino. He has reportedly landed another project. report.
you can Follow Alana Mastrangelo Facebook and on X/Twitter @ARmastrangeloand further Instagram.
