Michael Jackson Keeps Neverland Ranch

Looks like Michael Jackson will get to keep Neverland Ranch - at least for a little while longer.
According to his attorney, an auction of the estate will be delayed until May 14th. Originally scheduled to take place this week, the auction was the result of “The King of Pop" lapsing on payments of $24.5 million, which he still owes on the property. The postponement was reached by “mutual agreement” of Jackson and his creditors. Reportedly, Jacko has worked out a deal with Fortress Investment Group, but the details are still unknown.

Bodog was offering odds on how much the property would sell for if it was auctioned off. Over $28.5 million was getting +165 odds, while under $28.5 million was at -240. With this most recent development, looks like there will be no action on the wager.

Luckily, there will be plenty of other celebrity antics to bet on in the near future. Stay tuned.

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Michael Jackson Keeps Neverland Ranch