Bruno Mars isnt in the red with MGM, that is, according to the hospitality and casino giant.

In a statement given to the Las Vegas Review-Journal on Monday, MGM Resorts shut down rumors the 24K Magic singer had racked up a $50 million gambling debt, and that he was paying his balance via multiple business deals with MGM and its Las Vegas properties.

The company said claims that it has Mars on the hook for millions were completely false, writing, Were proud of our relationship with Bruno Mars, one of the worlds most thrilling and dynamic performers.

Celebrating his residency at the Park MGM and partnership on the Bellagios new Pinky Ring cocktail lounge, MGMs statement read, Brunos brand of entertainment attracts visitors from around the globe. MGM and Brunos partnership is longstanding and rooted in mutual respect.