Goa is poised to become one of Asia gambling industry’s crown jewels under a new regulation that will bring an end to floating casinos, according to international brokerage Union Gaming.

Union Gaming made this prediction days after Goa’s Chief Minister Manohar Parrikar announced that the Indian state will publish formal casino regulations by the end of August, including the transfer of floating casinos on land.

Analyst Grant Govertsen described Goa’s latest casino policy to be “transformational” since these high-quality integrated resorts that the government is pushing for will firmly put India on the gaming map.

Goa’s estimated gross gaming revenue is currently estimated at $200 million. If the planned IRs in Goa will push through, Govertsen predicts Goa to become a billion-dollar market overnight.