A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
Presidential Decrees :
new sources of revenues must be created by the government to help
finance priority infrastructure and socio-civic projects within the
Metropolitan Manila Area to stabilize social growth and accelerate
national economic development;
WHEREAS, the operation and conduct of games of chance have been identified by historical statistics and after a careful study and survey as a potential source for generating these additional revenues; provided such games of chance are strictly manageable and made subject to close scrutiny, direction, supervision and control by the government;
WHEREAS, such management and supervision can only be effectively exercised if the operation and conduct of games of chance is operated by or thru a government owned/controlled corporation;
WHEREAS, sixty (60%) percent of the gross earnings derived by the grantee of this franchise shall be allocated to finance priority infra-structure and socio-civic projects;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines by virtue of the powers vested in me by the Constitution, hereby decree a Franchise in favor of the Philippine Amusements and Gaming Corporation, any provision of law to the contrary notwithstanding.
From these are excepted the personnel employed by the casinos, special guests, or those who at the discretion of the management may be allowed to stay in the premises.
Done in the City of Manila, this 1st day of January, in the year of Our Lord, nineteen hundred and seventy-seven.
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