The Arkansas Racing Commission finds and hereby declares that the continuation of a casino gaming establishment’s gaming operation following surrender, lapse, suspension, or revocation of a license essential to such operation presents significantly enhanced dangers to the public health, safety, morals, good order, and general welfare of the inhabitants of the State of Arkansas and should only be permitted when:

1. (1) The possible adverse economic impact of closure of the gaming operations upon the specific community in which the establishment is located and upon the state generally is significant; and
2. (2) Continued gaming operation pursuant to a supervisorship would facilitate speedy transfer of ownership of the establishment in a manner that does not unreasonably endanger the public health, safety, morals, good order, and general welfare.