California residents voted down an initiative that would have allowed a $1.2 billion mixed-use tribal resorts and casino in Richmond, Cali.

The casino would have been built by the Guidiville Band of Pomo Indians and Upstream Point Molate. It was expected to have 4,000 slot machines and 1,100 hotel rooms.

This proposal doesn't drastically affect the sector one way or another, but if passed, would have been most notable for the slot machine makers.

If you liked this article you might like

Blue Apron, Philip Morris, Honeywell, Becton Dickinson: 'Mad Money' Lightning Round

Buy These High-Octane Stocks on a Dip: Cramer's 'Mad Money' Recap (Monday 8/7/17)

Facebook Was a Private Company the Last Time Tesla's Stock Crashed as Much as it Did Wednesday

Walt Disney, Tiffany, NASDAQ, Mazor Robotics: 'Mad Money' Lightning Round