Although Eritrea has a self-proclaimed policy of self-reliance the country remains heavily in debt. According to the World Bank, Eritrea’s debt to GDP in 2023 was estimated at 219% although the figure has since marginally dropped to 211% in 2024. This is significantly above Africa’s average of 63.5%. Eritrea largely owes this debt to domestic…
Bruno Mars’ Net Worth Reduced Due To His Gambling Debt ( Photo Credit – Instagram ) American singer-songwriter Bruno Mars, known for his music versatility and stage performances, has grabbed the headlines for owing a massive debt to MGM. He has won multiple Grammy Awards throughout his career, in addition to several other honors in…
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UPDATE: MGM Resorts International has sent over the following statement to BuzzFeed: “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…
Student debt relief measures are anticipated in Australia’s 14 May federal budget, after prime minister Anthony Albanese acknowledged shortcomings in the Higher Education Loan Programme (Help). Speaking on the Hit radio network, Mr Albanese said the government was examining the Australian Universities Accord’s recommendations to reform the student loan scheme – informally known as Hecs –…
Denise Truscello / Contributor via Getty Images On Saturday (March 16), Consequence reported about Bruno Mars’ alleged $50 million gambling debt with MGM Casinos. They stated, “Part of the reason Mars’ residency has lasted for so long is because he’s accrued a sizable gambling debt at the casino. ‘He owes millions to MGM [from gambling],’…
Editor’s note: After this story was published, the federal government proposed to change the HECS-HELP indexation rate to match whichever is lower out of the Consumer Price Index (CPI) or the Wage Price Index (WPI). If passed by parliament, the revised indexation rates would be backdated to June 1, 2023, and loan amounts would be…
Mar 17, 2024 10:00 AM IST Bruno Mars owes millions to MGM casino for hefty poker debts, risking long-term partnership: Report Bruno Mars is renowned for lighting up the stage, but recent reports alleging a staggering $50 million gambling debt at the MGM Grand have fans buzzing for a different reason. In 2016, the singer-songwriter…
Australians in their 20s have HECS/HELP debts more than $10,000 greater in real terms than did people 20 years ago HECS/HELP no longer operates as it was supposed to. What was intended to be a modest contribution to the cost of higher education repaid once you earned nearly 90% of average earnings is now saddling…
Jackie Olden can pinpoint the troubling origin of her mum’s gambling addiction. “She was the kind of person who’d go to one shop where milk was a penny cheaper and another where bread was cheaper,” Olden recalls. “This [gambling] would never have entered her head.” But in 2008, her mother, Wendy Hughes, 64, took a job…