Jakarta, CNBC Indonesia – Not long ago, it was reported that Bruno Mars was caught in a gambling debt of IDR 786 billion to the MGM casino. Reportedly, Bruno himself has a bad habit regarding this matter.
According to reports from Newsnation, sources from MGM said that Bruno Mars managed to get US$ 90 million or Rp. 1.4 trillion from his deal with the casino. However, more than half of the money was actually used to pay off gambling debts as mentioned.
The agreement itself was signed by Bruno Mars in 2016. At that time, the singer of the song Versace on The Floor held a multi-year concert with MGM Resorts International at MGM Park Las Vegas.
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This news was immediately denied by MGM, although Bruno Mars himself did not comment on this matter.
“We are very proud of our collaborative relationship with Bruno Mars. From his appearances at Dolby Live, Park MGM to the Bellagio’s Pinky Ring lounge, Bruno has succeeded in attracting visitors from all over the world. The collaboration between MGM and Bruno Mars is long-term and based on principles “respect each other. As for the speculation that has emerged is false, he does not owe us anything,” said MGM in a statement as quoted by Business Insider (20/3/2024).
Regardless of what happens regarding the news about Bruno Mars and MGM, there are a number of financial lessons worth knowing about debt and gambling that you should be aware of.
Debt plus gambling is a quick recipe for destitution
The public must understand the term zero sum game. In essence, the term is a game term where there will be a winner or loser, the profit received by the winner is the loss received by the losing party.
Meanwhile, debt is a promise that must be kept. Debt itself often contains hidden interest which can burden the finances of the person concerned.
Just imagine, when someone goes into debt for the sake of gambling, it is very risky to ruin the person’s finances. Especially if the person loses in gambling.
Apart from losing money, he also has to return the money he borrowed and pay the interest.
[Gambas:Video CNBC]
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