Well it is uncertain as to what exactly will happen to the industry right now as there is still several months to repeal the bill which does not take affect until July.
But on the subject of Homophobia: It does not only apply to fear. Wikipedia defines Homophobia as, "Homophobia is a range of negative attitudes and feelings towards lesbian, gay, bisexual, queer, and in some cases transgender and intersex people. Definitions refer variably to antipathy, contempt, prejudice, aversion, and irrational fear. Homophobia is observable in critical and hostile behavior such as discrimination and violence on the basis of a perceived non-heterosexual orientation. In a 1998 address, author, activist, and civil rights leader Coretta Scott King stated that "Homophobia is like racism and anti-Semitism and other forms of bigotry in that it seeks to dehumanize a large group of people, to deny their humanity, their dignity and personhood."
Among more discussed forms are institutionalized homophobia (e.g. religious and state-sponsored), lesbophobia – the intersection of homophobia and sexism directed against lesbians, and internalized homophobia – a form of homophobia among people who experience same-sex attraction regardless of whether or not they identify as LGBT.
Two words originate from homophobia: homophobic (adj.) and homophobe (n.), the latter word being a label for a person who displays homophobia or is thought to do so."
Wordnet (Run by Princeton University) Defines it as: Prejudice against (fear or dislike of) homosexuality or homosexual people.
So in brief the meaning of the word has expanded from simply fear to a much wider range of negative feelings and actions against homosexuality and homosexual people.
