Investors Throw Dice on Jacko's Vegas Comeback

Investment firm pushing for a start to Michael Jackson: the Vegas Years
By Rob Quinn,  Newser Staff
Posted Jun 13, 2008 8:46 AM CDT
Michael Jackson delivers his speech to fans during a "Fan Appreciation Day" in Tokyo Friday, March 9, 2007.    (AP Photo/Itsuo Inouye)
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(Newser) – A Las Vegas comeback could be in the cards for Michael Jackson if a private equity firm has its way, the Wall Street Journal reports. A firm that owns the Las Vegas Hilton and a big stake in a casino company bought $23 million of Jackson's debt last month and is now in talks with the singer about an Elvis- or Celine-style residency on the Strip.

The company wants the exiled King of Pop, now holed up in rural Nevada, to ditch the image-tarnishing Neverland ranch and consider comeback options—including performing up to 180 gigs yearly in a purpose-built theater or building a Vegas show around his tunes. If the singer, who has shunned the spotlight since his 2005 child-molestation trial, consents to the plans, a Thriller Casino could be on the way, the firm tells the Journal.