US consortium BLB is poised to make a possible offer of over 800 pence a share bid for British gaming firm Wembley, trumping rival MGM Mirage's 750 pence agreed cash bid, the Sunday Times said.
The newspaper said the boards of Kerzner International and private US real estate investor Starwood Capital, which have teamed up with gaming and leisure developer Waterford Group to form the BLB Investors consortium, were meeting on Sunday to discuss a 288 million-pound ($523 million) counter-bid.
The MGM Mirage bid valued Wembley, the owner of dog and horse racetracks and operator of video slot machines in the United States and Britain, at 270 million pounds.
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