One-and-a-half million dollar ($1.5M) is only their asking price. Meaning currently, it doesn't have any specific value until someone place a bid of any price, and that would be the current value of their business.
Personally, I think no one will want to buy it for that price. So I assume that the asking price will not be met at all.
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Is there any possibility for you to share the name of the casino?
Thats a huge one, maybe you can start a new casino at a cheaper one but if OP is telling the truth about a profitable casino, then investors might consider this. Im wondering though why theres a need to sell it if its profitable, that profit can get him a loan so he can finally buy a house. Well, this is the decision of the owner so probably he knows better, but it will not be easy to sell this casino on its asking price.