Pop superstar Michael Jackson looks set to re-launch his career – including his brand new album, due out in early ‘09 – as a Las Vegas regular.

According to investment firm Colony Capital, the “Thriller” star (who currently owes them over AUS$25 million) is in discussions with the company on how to earn back the their loan, which covered the near-loss of his Californian ranch, Neverland.

Colony Capital just happens to own a series of hotels, including Las Vegas’s famous Hilton, while also being a major shareholder in the Station Casinos chain – and now they want to install the singer in either one venue for 180 performances, or create a traveling “musical extravaganza” between their venues.

According to an interview in the Wall Street Journal, Capital CEO Tom Barrack admits, “We’ve been having discussions with Mr. Jackson about a recapitalisation and refinancing of Neverland in addition to various other business opportunities and mutual interests.”

The 49-year-old star has seen his career fall by the wayside after his successful legal battle against child molestation charges, and in 2006 was forced to refinance his $213 million stake in the Beatles song catalog in order to stay solvent.