MGM Grand says Bruno Mars doesn't owe $50 million in gambling debt

MGM Resorts International has denied reports that Bruno Mars is in debt with the entertainment company.

A previous report from NewsNation reported that the “24K Magic” singer has racked up more than $50 million in debt at the MGM Grand in Las Vegas since signing a long-term residency deal with the company in 2016.

In a statement sent to Advertising sign, MGM said: “We are proud of our relationship with Bruno Mars, one of the most exciting and dynamic performers in the world. From his shows at Dolby Live at Park MGM to the new Pinky Ring lounge at the Bellagio, Bruno's brand of entertainment attracts guests from around the world. The partnership between MGM and Bruno is long-standing and based on mutual respect.”

The message continued: “Any speculation to the contrary is completely false. has no debt with MGM. Together, we are excited to continue creating unforgettable experiences for our guests.”

Mars' last solo project was in 2016 24K Magic, which included hits such as the title track, “That's What I Like” and “Versace on the Floor”. “That's What I Like” topped the Billboard Hot 100 Songs chart, while the album as a whole peaked at No. 2 on the Billboard 200 Albums Chart in December 2016.

Since then, Mars has teamed up with Anderson .Paak for their successful group effort, Silk Sonic, and the duo released their album An evening with Silk Sonic in 2021. The album's standout track, “Leave the Door Open,” won four Grammy Awards: Song of the Year, Record of the Year, Best R&B Song and Best R&B Performance.