Like several other stars on the verge of professional ruin, Michael Jackson might start performing in Las Vegas, the city that saved the careers of many.

Colony Capital, the investment company which recently bought the loan on the singer’s Neverland Ranch in California, to help him avoid foreclosure, is currently discussing with Jackson various possibilities of paying back the $23 million debt. And it seems performance in Vegas could be one of these options.

Colony Capital CEO Tom Barrack told the Wall Street Journal the company had been having “discussions with Mr. Jackson about a recapitalization and refinancing of Neverland in addition to various other business opportunities and mutual interests.”

If this move happens, it will be the first step that Jackson makes to revive his career, in three years since the child molestation trial has ruined his reputation and financial status.

Ever since he was acquitted of all charges in June 2005, the 49-year-old pop star kept changing his place of residence to several countries, such as Ireland, Dubai or Bahrain. He was reported to be currently living in Pahrump, Nevada, about 60 miles from Vegas, together with his three children.

Jackson signed no deal with Colony yet, as the concert in Vegas was only a loan payment scenario suggested by the investment firm. Another idea would be, as the Wall Street Journal reported, to create a musical extravaganza in which Jackson would appear multiple times a year, joined by his brothers.

Colony, which owns the Las Vegas Hilton and is a major shareholder in the Station Casinos chain, is reportedly also urging the singer to appear on TV, possibly on Oprah Winfrey’s show, to clear the controversy created by the trial he has been through.