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November 22, 2008 9:25:54 AM CST



Investors Throw Dice on Jacko's Vegas Comeback

Posted Jun 13, 08 8:46 AM CDT in Arts & Living Gossip Business 

(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.

Source Wall Street Journal

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Michael Jackson delivers his speech to fans during a "Fan Appreciation Day" in Tokyo Friday, March 9, 2007.   (AP Photo/Itsuo Inouye)
Sheet music and pictures signed by Michael Jackson are on display at Guernsey's Auction House in New York, Thursday, April 5, 2007.   (AP Photo/Seth Wenig)
The entrance to pop star Michael Jackson's Neverland Ranch home is seen in this Dec. 17, 2004 photo, in Santa Ynez, Calif.   (AP Photo/Mark J. Terrill, File)
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