MGM Resorts International has denied reports that Bruno Mars is in debt with the entertainment company.
A previous report by NewsNation indicated that the “24K Magic” singer racked up a debt of more than $50 million at the MGM Grand in Las Vegas since signing a long-term residency contract with the company in 2016.
In a statement sent to Billboard, MGM said: “We’re proud of our relationship with Bruno Mars, one of the world’s most thrilling and dynamic performers. From his shows at Dolby Live at Park MGM to the new Pinky Ring lounge at Bellagio, Bruno’s brand of entertainment attracts visitors from around the globe. MGM and Bruno’s partnership is longstanding and rooted in mutual respect.”
The message continued, “Any speculation otherwise is completely false; he has no debt with MGM. Together, we are excited to continue creating unforgettable experiences for our guests.”
Mars’ last solo project was 2016’s 24K Magic, which included hits like 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 them, Mars teamed up with Anderson .Paak for their successful group endeavor, 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.