Caesars Entertainment (CZR) - Get Report wants to make a big bet on Japan. 

A year after the country of 127 million people legalized casino gambling, Caesars unveiled plans for two resorts in the country located in Osaka and Tomakomai.

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The company's project submission in Tomakomai features a hotel, theater and conference buildings according to the Nikkei Asian Review. For Caesars' Osaka project, the company said that its resort with look to integrate health and entertainment, promoting medical tourism with appropriate facilities on site.

Caesars Executive VP Jan Jones Blackhurst said that Caesars has earmarked between $5 billion and $10 billion to build each facility. 

Earlier this month, Caesars appointed William Shen from its South Korean operations to head its Japan operations. 

Analysts have suggested that Japan's gaming industry could be worth $30 billion annually, a total that would rival the $28 billion market in China's Macau, the world's current largest gambling destination. 

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