Law360, New York ( September 14, 2015, 10:45 AM EDT) -- Repealing and authorizing sound like two dissonant concepts, but they're actually closely tied together. New Jersey's gaming industry has been in a state of upheaval for many years. Ten years ago, casinos in the state were setting annual records for gaming revenue; new casinos were being built; and existing casinos were being modernized and expanded. Today, the industry has undergone a significant contraction. Gross revenues are down and a number of properties have closed. The same is true in New Jersey's horse racing industry, which has seen better days in terms of attendance and purses. Other states, with casinos at racetracks, can augment their purses in a way New Jersey simply cannot....