John McTiernan is set to direct the Las Vegas action thriller High Stakes for Persistent Pictures and Velvet Octopus, says The Hollywood Reporter.
Written by Ronnie Christensen, the story revolves around two friends who find themselves in over their heads when they realize they are the living collateral of a high-stakes bet.
Matt Rhodes is producing the project, which is scheduled to begin shooting in the fall in Shreveport, La., and Las Vegas.
McTiernan, whose credits include Die Hard, Die Hard: With a Vengeance and The Thomas Crown Affair, most recently directed the John Travolta-Samuel L. Jackson starrer Basic.
