Bruno Mars and Las Vegas from those MGM debt rumours to his new bar – Style

Bruno Mars rumoured MGM debt drama Bruno Mars, wearing one of his made-to-measure Giorgio Armani suits in 2022. Photo: @brunomars/Instagram

MGM pooh-poohed reports that Mars, 38, was in debt. According to Billboard, the entertainment company said that its relationship with the musician is long-standing and rooted in mutual respect. Back in 2016, Mars announced a long-term deal with MGM, which resulted in his Vegas residency at the Park MGM.

In mid-March, TV network NewsNation published a report claiming that Mars was in US$50 million debt with the company. The story went viral, sparking concern for the beloved musician. In the report, a source was quoted as saying, MGM basically own him, because of the debt he had allegedly racked up.

But MGMs statement clearly explains its partnership with Mars, adding, Together, we are excited to continue creating unforgettable experiences for our guests.

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Mars and MGMs partnership has been well documented. His residency, which was supposed to end in August 2023, was extended until September 2024, per Vulture.

Additionally, Mars just opened The Pinky Ring cocktail bar in collaboration with MGM hotel and casino, the Bellagio, in February. According to Las Vegas Weekly, the venue even has some of the singers Grammy awards on display and Mars touch can be traced all over this penthouse-style party pad.

The title of Mars 2016 album 24k Magic was apparently well chosen. With his estimated net worth of US$175 million, according to Celebrity Net Worth, theres no denying that he knows how to make money. He spent much of the following two years touring as part of his sold-out 24k Magic World Tour, which reportedly earned him more than US$237 million, reported Forbes.

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In 2021, Billboard reported that Mars was only the second to make over US$50 million from a Park MGM residency. Lady Gagas Enigma residency made US$53.9 million, making it the highest earning residency ever.

It was his upbringing in Hawaii that encouraged him to open a bar, the SelvaRey Rum Bar at the Fairmont Orchid. I grew up in Hawaii, and Ive been performing in Oahu my whole life, he told People magazine. As a young kid, you see all this joy, and when Im performing on stage, everybodys got a beautiful cocktail in their hand. The name of the bar is based on SelvaRey, a rum brand launched in 2014 co-owned by the musician.

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Bruno Mars and Las Vegas from those MGM debt rumours to his new bar - Style