Roc Nation’s proposal for a casino has been denied.

As AFROTECH™ previously told you, Jay-Z’s Roc Nation, SL Green, and Caesars Entertainment had plans to bid for a casino, called Caesars Palace Times Square, which has been met with controversy. The casino was projected to bring over 130 million visitors annually and promote “economic opportunity.”

Roc Nation CEO Desiree Perez even told iHeartRadio that New Yorkers would be given a chance to invest in the casino.

“There’s a program that we’ve partnered with where if you wanted to invest $500 into the casino deal, you’re going to be able to get into this fund,” Perez said, according to iHeartRadio. “You’re going to be part of a fund that is invested in the casino, which is unusual. It’s not something that normally happens, but it’s something that we’re providing so that the community or anyone in New York City can be part of.”

Deadline reports that the Community Advisory Committee denied the casino proposal in a 4-2 vote. The green light would have been necessary for the parties to move forward with New York’s licensing process.

“This was a vote to protect the magic of Broadway for the one hundred thousand New Yorkers who depend on it for their livelihoods, and for the tens of millions who come from around the world to experience it,” said Jason Laks, president of The Broadway League and member of the No Times Square Casino Coalition, according to Deadline. “A casino can go anywhere, but Broadway only lives here. We are so filled with gratitude for the committee members and the local elected officials—State Senator Liz Krueger, Assembly Member Tony Simone, Borough President Mark Levine and Council Member Erik Bottcher—who looked at the facts, listened to the residents, and stood up for this neighborhood and the theater community.”

Caesars Palace Times Square commented:

“We are disappointed by today’s decision and process… it would have created thousands of stable, union jobs and brought diversity and inclusivity to both gaming ownership and Broadway. We are proud of the work we’ve done over the past five years and grateful to the hundreds of organizations, businesses, Broadway artists, labor unions, and residents who supported this effort.”