Taiwan Gaming stocks in Taiwan took a tumble on Monday after voters in Taiwan voted against bringing casino gambling to Penghu. The majority of voters were scared off by a strong anti-gambling campaign.

Firich Enterprises Co. and Astro Corp. took the biggest stock hit on Monday. Astro dropped seven percent and Firich just under seven percent. The two companies would have been instrumental in supplying the new casinos with gaming equipment ranging from point of sales terminals to gaming machines.

“Investors are disappointed with the result,” said Andy wei, Manager of PCA Securities Investment Trust Co, as reported on Bloomberg.com, “If it were passed, there could be a lot of business opportunities and may result in new gambling-related companies. We are now back to square one.”

Square one for the Taiwan government is to reorganize their gaming approach. The current proposal was filled with holes that voters could not fill in and any new proposals must be more complete.

Anti-gambling groups organized their opposition well and hit on the holes in the current proposal. They were able to convince voters that the proposal on the table would have opened the door for crime and corruption.

Penghu was the proposed location for the casinos and the potential casino projects have already caught the attention of some of the biggest casino gaming names in the US. Now, those gaming operators will have to wait until later elections for the laws to allow casinos in Taiwan.