Japan is set to see an expansion in casino growth over the coming years, according to a new report.
Figures from UBS Equity suggest that Japan could develop a $9.4 billion casino market, with $8.8 billion generated from gaming.
The report also examined the long-term impact on legislation of gambling in Japan and concluded in a decade the sector could generate around $18.4 billion based on casinos being situated in Tokyo, Osaka and three other areas.
UBS discovered that Japan's gaming development would not impact heavily on Macau, as the region relies strongly on Chinese gamblers rather than Japanese residents.
The Philippines is expected to expand by $4.4 billion by 2017, with legalisation in Japan having mixed results on the three main casino developers there.
It is expected that moves to legalise gambling in Japan will move forward in June when the government opens up debate of a new bill.
This initial bill is to be followed by a second bill in 2015 and if approved, then casinos could be in operation by the time Tokyo stages the summer 2020 Olympic Games.