 Wembley owns six greyhound racecourses across England |
US consortium BLB Investors has emerged as the favourite to take over UK gaming group Wembley. The consortium has had a �308.6m ($558m) bid accepted by Wembley's board, trumping a rival offer by Las Vegas casino giant MGM Mirage.
Wembley operates greyhound tracks as well as video and slot machines in the UK and US.
US interest in Wembley comes ahead of government moves to further deregulate the UK gaming industry.
Operators believe plans to ease restrictions on casinos could allow Wembley's racecourse tracks to be turned into gaming emporiums.
BLB Investors, which includes golf-course-to-hotels group Starwood Capital and resort-owner Kerzner, currently owns 22% of Wembley.
Its latest bid is up from its previous offer of 800p a share for Wembley, and beats MGM Mirage's previously agreed deal of 840p a share.
Wembley's stadium portfolio does not include the English national football stadium, which it sold in 1999.
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