Simon Crowe's Velvet Octopus will finance the action thriller, High Stakes for Persistent Entertainment and Intuition Productions.

David R. Ellis is attached to direct, and will also produce the film that centers on two friends who get in over their heads on a gambling trip to Las Vegas and become the subjects of a deadly high-stakes bet, says Variety.

Producers are currently looking for a cast; High Stakes is set to shoot in the spring.