The story follows a husband (Ferrell) who joins with his neighbors to start an illegal casino in his basement after he and his wife blow their daughter’s college fund.
The script comes from Andrew J. Cohen and Brendan O'Brien, who wrote last year's comedy hit Neighbors. Cohen will make his directorial debut on the pic.
Ferrell and Adam McKay will produce the film while Chris Henchy and Jessica Elbaum are exec producing.
Production hopes to start in August.
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