Michael Douglas once played a high-rolling New York City corporate raider in 'Wall Street' and won an Oscar for it. Now he's headed for another town where the money flies fast and loose in the upcoming comedy, 'Last Vegas.'

Variety reports that Douglas will star in the CBS Films/Mandate Pictures production as an older man who hits Sin City for a bachelor party weekend with three childhood friends before settling down with a woman half his age. Hilarity will presumably ensue once Douglas and one of his old pals start rehashing an old beef over a woman they both loved when they were younger.

There's no word yet on who will play the other two friends (Jack Nicholson was at one point attached) or the woman who's about to become Douglas' new bride. The movie is being directed by Jon Turtletaub ('National Treasure'), with shooting scheduled to begin in September -- right after Douglas finishes shooting 'Behind the Candelabra,' the Liberace biopic that Steven Soderbergh is making for HBO.

Douglas fought a winning battle against cancer in recent years, making his comeback in Oliver Stone's 'Wall Street: Money Never Sleeps,' where he reprised his role as Gordon "greed is good" Gekko. He was most recently seen in Soderbergh's action melodrama 'Haywire.'