Japan is considering putting a square meter cap on casino development.

Foreign casino operators are looking to push back against what could become stringent regulations in Japan's newly minted casino industry, Reuters reported Monday. 

A Japanese advisory panel held its final meeting on rules Monday, proposing a limit of 15,000-square meters for casino floor space and curbs on entry by Japanese nationals. 

Japan had a contentious debate over allowing gambling in the country, with the side against legalized gambling pointing to the social cost of the vice industry. 

Casino executives argued that the 15,000 square meter cap could limit foreign investment and neutralize the economic impact of resorts. 

Las Vegas Sands Corp. (LVS) shares were up 0.75% to $61.74 in morning trading while MGM Resorts International (MGM) shares climbed 0.27% to $33.23.

More of What's Trending on TheStreet: