Billionaire Manuel Lao Hernandez must be having sleepless nights thinking about the future of Cirsa Gaming Corp. SA (Cirsa).

Bloomberg reported that the Spanish casino and bingo hall operator is now weighing whether to conduct an initial public offering or to unload its minority stake amid interest from investors.

Citing anonymous sources familiar with the matter, Hernandez may cash in €2 billion ($2.34 billion) should the stake sale goes forward. A merger is also possible for the company, according to the report. Herandez may just simply thumb down these options all at once.

Cirsa reportedly tapped financial advisory firm Lazard Ltd. to help them with their choices, according to the people who refused to be named since these information must be kept private. Cirsa and Lazard reported declined to confirm or deny the report when sought for their respective comments.