“What happened to the 24K magic?”: Bruno Mars Reportedly in Debilitating Debt as Singer’s Gambling Problem Turns Into a Nightmare Despite $1.5M Per Night Earnings

Bruno Mars resorting back to his old habits has landed him in trouble as he owes $50 million to MGM

“What happened to the 24K magic?”: Bruno Mars Reportedly in Debilitating Debt as Singer’s Gambling Problem Turns Into a Nightmare Despite $1.5M Per Night Earnings

SUMMARY

  • Bruno Mars once admitted that he used to gamble long before he became famous in the music industry.
  • Mars seems to have gone back to his old habits as News Nation reports about his debt due to gambling.
  • The Grenade singer reportedly owes $50 million to MGM despite earning $1.5 million per night.
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Bruno Mars is one of the best-selling music artists of all time, with over 130 million records sold worldwide. Surprisingly, he has achieved this feat with three solo albums and one collaborative album. Although he moved to Los Angeles in 2003, he did not gain recognition in the music industry until 2010 when his voice was featured in B.o.B.’s Nothin’ on You and Travie McCoy’s Billionaire.

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Bruno Mars in 24k Magic music video
Bruno Mars in 24k Magic music video

Mars won seven Grammy Awards with major categories like Album of the Year and Record of the Year for his third studio album, 24k Magic, released in 2016. His next collaborative album, An Evening with Silk Sonic, also won four Grammy Awards. All these wins prove his love for making music. Surprisingly, the musician also loves gambling, which has reportedly landed him in trouble.

Bruno Mars is Reportedly Drowning in Debt Due to Gambling

Bruno Mars in That's What I Like music video
Bruno Mars in That’s What I Like music video

Before Bruno Mars rose to fame as a musician, he had gotten involved in gambling. In a 2013 interview with GQ, he recounted his early gambling days when he used to frequent Commerce Casino in Los Angeles. He also opened up about the first time he visited a casino at 19 years old, saying:

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“I remember my first bet, my hand was shaking, and a guy called me out on it and embarrassed me. You gotta lose. You just have to lose to win, to understand.”

The singer announced a multi-year residency with MGM Resorts International in 2016, which requires him to perform at Park MGM Resort. According to recent reports, he is apparently enjoying the partnership a little too much for his own good.

The That’s What I Like singer seems to be back to his old habits. News Nation recently reported that the singer has racked up millions of debt at the poker tables at the hospitality giant. An insider told the outlet:

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“He owes millions to the MGM (from gambling). His debts have gotten as high as $50 million. (MGM) basically own him.” 

The source also claimed that the singer makes $90 million a year off the deal he has with the casino after taxes since he makes only $1.5 million per night. However, he has to pay the debt. 

Fans’ Reactions to Bruno Mars’ Gambling Debt

Bruno Mars (@brunomars on Instagram)
Bruno Mars (@brunomars on Instagram)

Besides making music as a solo artist, Bruno Mars has also worked as a songwriter and producer on other artists’ music, which has helped him amass a huge fan following over the years. These fans have something to say regarding his gambling debt as one X user wrote: What happened to the 24k magic?”

Here is what some of them have said:

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On the brighter side, Mars’ contract with MGM reportedly also included the creation of The Pinky Ring, a cocktail lounge inside the Bellagio Resort. The lounge debuted over the Super Bowl. News Nation has also reported that another project is in the works.

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Written by Ankita

Articles Published: 227

With over two years of content writing experience, Ankita Shaw, a dedicated writer at FandomWire, is currently pursuing a bachelor's degree in Physiology Honors.
Having authored more than 500 articles for Animated Times, Ankita exhibits a keen passion for exploring the nuances of popular culture, animated realms, and the ever-evolving landscape of YouTube and streaming culture.
Committed to continuous learning and growth, Ankita thrives as a well-informed and devoted writer, navigating the dynamic facets of the content universe.