Spanish casino boss Manuel Lao Hernandez is reportedly considering different options for the future of gambling operator Cirsa Gaming Corp. SA, Bloomberg reported. Mr. Hernandez is the owner of the casino and bingo hall company.

According to unnamed sources, the Spanish businessman is exploring different opportunities for his companies, including initial public offering and even a minority stake sale. Sources believe that both options will draw interest among investors.

Other opportunities that are reportedly discussed by Mr. Hernandez involve the sale of the whole company or a merger with an interested business operation. It is believed that Cirsa could be sold for around €2 billion, in case a deal of this kind is agreed upon. The sources told Bloomberg that other gambling companies could be tempted by the opportunity to buy or merge with the major Spanish operator.

Cirsa was established back in the late 1970s and has since then expanded into an operator of bingo halls and casinos across Spain and other countries. The company currently owns over 134 land-based casinos, nearly 70 bingo halls, 2,000 betting shops, and more than 170 arcades in Spain, Italy, and across Latin America.

It was reported that Cirsa is currently discussing all available opportunities with financial consultant Lazard Ltd. According to sources, a final decision is yet to be made and it is is believed that Mr. Hernandez could actually decide that no transactions would take place in near future.