Award-winning singer Bruno Mars is allegedly drowning in gambling Debt owed to MGM Grand Casino.
According to recent reports, Peter Gene Hernandez, famously known as Bruno Mars, allegedly owes MGM Grand Casino a whopping $50 million (around R938 million) in gambling debt.
According to a quote by an insider in Vegas, “He owes millions to the MGM (from gambling).”
The source revealed, “His debts have gotten as high as $50 million… He makes $90 million (R1,683,450,540.00) 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 (an estimated R28 million) per night.”
PR Newswire reported that the “When I Was Your Man” star is said to have secured the long-term residency deal with MGM Resorts International in 2016. The publication writes that the president of MGM Resorts International, Bill Hornbuckle was seemingly looking forward to forming a relationship with the singer.
He said at the time, “Bruno 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,”
According to a statement by the casino, Mars does not owe them any debt.
An excerpt from the statement reads, “Any speculation otherwise is completely false. He has no debt with MGM. Together, we are excited to continue creating unforgettable experiences for our guests.”
