Gateway Casinos, one of Canada’s largest casino operators, is reportedly considering a potential sale of its business for up to $2 billion. The company, which operates 26 casinos in British Columbia, Alberta, and Ontario, is owned by private equity firm Apollo Global Management.

The potential sale has been in the works for some time, with reports suggesting that the company has been in talks with multiple potential buyers. According to sources, the sale could be completed as early as this summer.

Gateway Casinos is one of the largest casino operators in Canada, with more than 6,000 employees and annual revenue of over $1 billion. The company operates a variety of gaming venues, including casinos, racetracks, and bingo halls. It also offers a wide range of entertainment options, including concerts, shows, and other events.

The potential sale of Gateway Casinos is part of a larger trend in the Canadian gaming industry. Over the past few years, several major casino operators have been acquired by private equity firms. This includes Caesars Entertainment, which was acquired by Apollo Global Management in 2017 for $6.2 billion.

The potential sale of Gateway Casinos could have a major impact on the Canadian gaming industry. If the sale goes through, it could lead to increased competition in the market and potentially lower prices for consumers. It could also lead to new investment in the industry, as private equity firms often bring new capital and resources to their acquisitions.

At this point, it is unclear if the sale of Gateway Casinos will go through. However, it is clear that the potential sale has sparked interest in the Canadian gaming industry and could have a major impact on the market in the near future.