While MGM refuted reports of a $50 million gambling debt compiled by Bruno Mars last year, the superstar still had some fun with the casino rumors.

Bruno hit the jackpot to break a Spotify listener record earlier this week and he took to his Instagram Story on Tuesday (Jan. 28) to celebrate the feat and even joked about taking a chunk out of his alleged debt.

“I’ll be out of debt in no time,” the 15-time Grammy Award winner captioned the post about him becoming the first artist to eclipse 150 million monthly Spotify listeners in the platform’s history.

NewsNation reported in 2024 that Bruno owed millions to MGM and that number was as high as $50 million from hitting the casino tables. “He makes…

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South Australia’s Fox Creek Wines, an award-winning winery and popular events venue in McLaren Vale, has been placed into voluntary administration with the company blaming a raft of issues stemming as far back as the pandemic and Chinese tariffs for its financial woes.

However, the administrators have urged customers to continue supporting the business while a restructure plan is prepared for creditors.

KPMG Australia’s Tim Mableson and David Kidman have been appointed voluntary administrators, assuming control of three entities within the group.

Fox Creek Wines, which was acquired by business partners and good mates Jock Harvey, Dim Georgiadis and Ben Gibson in 202http://www.businessnewsaustralia.com/1 at possibly the worst time for…

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Once a shining beacon of India’s booming edtech industry, Byju’s is now making headlines for all the wrong reasons. The company that once symbolized the aspirations of millions of students and parents is now caught in a legal and financial whirlwind, struggling to survive under an insolvency resolution process.

In a dramatic turn of events, the National Company Law Tribunal (NCLT) has ordered the removal of Byju’s Resolution Professional (RP) Pankaj Srivastava, accusing him of misleading the tribunal and acting against the interests of stakeholders. This development adds another layer of complexity to the ongoing insolvency proceedings and raises serious questions about the…

The bankruptcy regulator on Wednesday amended technical standards guidelines for key services extended by information utilities (IUs), which typically store financial information about stressed firms in electronic databases, to streamline their operations and help speed up insolvency resolution.As per the latest Insolvency and Bankruptcy Board of India (IBBI) rules, an IU will use demographic authentication from the Unique Identification Authority of India (UIDAI) database to establish the identity of users, including creditors, during their registration with the utility.

For this purpose, the IU will have to obtain the so-called “sub-authentication user agency license” from the UIDAI.

Earlier, there was no requirement of demographic…

Bruno Mars still has a playful sense of humor about those who continue to circulate gambling-related speculation despite last year’s refuting by MGM.

This time around, the Mars joke comes amid such chatter following his new “Fat Juicy & Wet” track with Sexyy Red, fittingly billed ahead of its release last Friday as a full-fledged “strip club anthem.” Taking to his Instagram Stories, the 15-time Grammy winner urged fans to “keep streaming” in light of a recent Spotify milestone.

“I’ll be out of debt in no time,” he joked.

This aligns with Mars’s approach in August in connection with his and Lady Gaga’s “Die With a Smile,” currently in the top spot on the Billboard Hot 100 songs chart. Gaga, alongside fellow Mars…

Another electric vehicle maker is finding itself in financial dire straights. Texas-based Canoo, which was originally founded in California,  has filed for liquidation bankruptcy under Chapter 7 of the U.S. Bankruptcy Code.  In its recent announcement, the company said it was ceasing operations immediately. 

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