Japan appears to be close to legalizing gambling following a positive legislative committee vote on Friday.
U.S.-based casino operators MGM Resorts (MGM) and Las Vegas Sands (LVS) have each pledged to invest billions in Japan if gambling legislation is passed.
Macau lost one-quarter of its entire economy in 2015. Now it looks to be on steadier ground.
The VanEck Vectors Gaming ETF's two largest holdings are Las Vegas Sands and MGM Resorts.