Paramount is going all-in on The Gambler, a remake of the 1974 James Caan addiction drama.
The studio has set Martin Scorsese to direct and William Monahan to write. Irwin Winkler, who produced the original, will again act as producer of the new film. They are interested in having Leonardo DiCaprio star, but no deal is in place for the actor.
The 1974 movie, an adaptation of the short novel The Gambler by Fyodor Dostoyevsky, detailed a New York English professor who inspires his students but suffers from a secret gambling addiction. The affliction causes him to extort money from his mother and convince one of his students to shave points in a basketball game.
Caan received a Golden Globe nomination for best actor for his performance in the original. Lauren Hutton and Paul Sorvino co-starred for director Karel Reisz and writer James Toback.
The gritty New York setting of the original seems a perfect match for Scorsese, who teamed with Monahan on 2006 best picture Oscar winner The Departed.
The director has been especially active lately. He has his first family film, Hugo, slated for a Thanksgiving release, and he’s preparing to direct Silence, an adaptation of the Shusaku Endo novel that will star Oscar winners Daniel Day-Lewis and Benico Del Toro. He’s also attached to The Wolf of Wall Street, an adaptation of the Jordan Belfort memoir that has attached DiCaprio, with whom Scorsese has collaborated with on four other films.