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Even big celebrities can't resist the temptation of gambling?! Do you all know the famous star Bruno Mars? It's really surprising that such a talented and promising artist like him recently got exposed for owing a whopping $50 million in debt to MGM Resorts, all due to gambling. In order to repay this debt, he signed a contract with MGM to clear this debt by hosting concerts.
This American singer, known as "Bruno Mars," has been living at the MGM Resorts in Las Vegas for the past nine years. For quite some time, people believed that "Bruno Mars" chose to reside here either because of his wealth or for the convenience of hosting concerts. But recent revelations suggest that things may not be so straightforward...
According to insider sources, "Bruno Mars" owes MGM $50 million in debt and was forced to sign a contract worth $90 million. He needs to gradually repay this enormous debt by hosting concerts. Although "Bruno Mars" has an after-tax income of $60 million, after deducting the gambling debt, he's left with only $10 million. Therefore, on average, each concert brings in only $1.5 million. For "Bruno Mars," who has won multiple Grammy Awards, American Music Awards, and has several diamond-certified singles, such remuneration is indeed quite low.
However, the details provided by this insider are not very comprehensive, leaving many questions unanswered. If "Bruno Mars" owes only $50 million in gambling debt, according to the contract income ($90 million), he should be able to repay this debt within a year. But according to his plans for 2024, he will host 12 concerts at MGM, indicating that he may be paying off previous gambling debts before incurring new ones.
This report about "Bruno Mars" owing a huge gambling debt was written by Paula Froelich, a former gossip columnist for the New York Post, who is highly respected in the industry. Therefore, rumors of "Bruno Mars" owing a significant gambling debt and relying on performances to repay it are very credible. This singer, born in Hawaii, has conquered countless fans with his outstanding musical talent and unique style since signing with Atlantic Records in 2009. His music career has been soaring, winning multiple Grammy Awards along the way.
Netizens have expressed their astonishment, noting that even with his extraordinary voice, "Bruno Mars" seems to be struggling in the face of gambling debts. However, this has boosted business for the casinos. Some users remarked that having a low emotional quotient is owing $50 million in debt, while having a high emotional quotient is securing a $50 million commercial residency contract with MGM. Others speculated whether his previous concerts at MGM in Macau were also used to offset debts. There were also questions about why "Bruno Mars" couldn't come up with $50 million, given that his net worth should be in the hundreds of millions. There are varying opinions on how much money he has actually lost. |
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Post time 28-3-2024 13:33:55