Isn't $1.5m is way much too expensive for a $47k in 6 months average revenue or $94k annual revenue? Or let's just round it off and say it is a $100k a year.
For $1.5m the estimated ROI date will be 15 years. Isn't it way too long for having business? I'd bet 3-5 years ROI is considerable for any business.
You are right It's too expensive for $1.5 m to just make an annual $94k year the stats maybe are not be enough to convince potential buyers to go for it, they need more stats and an industry position does it has an official announcement here, and how they market the casino is also important these are stats that should be considered, so the new owner will have the grasp and implement what could be done to increase revenues.
If the ROI of investment of any business will take 5 years or more then it's not profitable to run that business at that huge cost.
But a mention of the name of the casino will give us an insight into its potential and standing in the industry and if it's worth it for $1.5 million.