The 39-year-old 'American Hustle' actor has teamed up with filmmaker/actor Todd Phillips to develop the movie based on Adam Higginbotham's article A Thousand Pounds of Dynamite, according to The Wrap.
The film will centre on law enforcement officials' attempts to disarm a bomb found underneath the Harvey's Wagon Wheel Casino in 1980.
The explosive device was eventually detonated by authorities at the US Federal Bureau of Investigation, but no injuries occurred because the building had already been cleared out.
California landscaper John Birges was found guilty of placing the bomb and planning the USD 3 million extortion plot and was sentenced to life in prison. He died of liver cancer in 1996.