The Legislature hereby finds, and declares it to be the policy of this state, that:

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1.  The stability and continuity of gaming establishments in this state are essential to the State’s economy and to the general welfare of its residents.

2.  Any closure of a gaming establishment because of a surrender, lapse, revocation or suspension of its license may cause unnecessary financial hardship to its employees, creditors and investors and may have an adverse economic effect on the residents of the community in which it is located and on the State generally.

3.  Public confidence and trust in the ability of the State to control gaming operations must not be sacrificed by any relaxation of strict controls in particular circumstances merely to permit gaming operations to continue.

4.  Placing the management and control of a gaming establishment whose license is surrendered, lapsed, suspended or revoked under a competent supervisory official may ensure the proper regulation of the establishment while maintaining its value for its creditors and investors, protecting the interests of other persons, avoiding any disruption of the economy of the community in which it is located, and promoting the general welfare of the State.