According to The Hollywood Reporter, Milos Forman and Nicolas Cage are betting on a feature film about the larger-than-life gambler Amarillo Slim Preston. Screenwriters Stephen Rivele and Christopher Wilkinson, who worked on the biopics Ali and Nixon, will adapt Preston's memoir "Amarillo Slim in a World Full of Fat People: The Memoirs of the Greatest Gambler Who Ever Lived."

The project would mark Forman's first directorial outing since 1999's Man on the Moon. Although formal commitments have not yet been put on paper, Cage has been developing the project -- which he will star in and also produce with his Saturn Films partner Norm Golightly -- for more than a year.