Gateway Casinos & Entertainment Ltd., one of the largest betting companies in Canada, is contemplating a sale or exploring alternative strategic options, as per individuals familiar with the matter. The company has enlisted the services of Morgan Stanley and Macquarie Group Ltd. to search for potential investors or acquirers, according to the sources, who requested to remain anonymous when discussing private deliberations. Gateway is aiming for an estimated value of approximately US$2 billion, which includes $1.1 billion in debt, as mentioned by one of the individuals. Gateway possesses 31 gaming properties in British Columbia, Ontario, and Alberta, as noted on its website. The enterprise, which commemorated its 30th anniversary last year, has expanded organically and through acquisitions throughout the years. One of its notable properties is the Grand Villa Casino situated in Burnaby, a suburb of Vancouver.