Law Summary
Presidential Discretion and Authority
- The President of the Philippines is granted ample discretion to appoint the Chairman and the two private sector members of the Board.
- This broad appointment power reflects the importance of the President’s role in overseeing PAGCOR's governance.
Purpose and Policy Background
- PAGCOR is established as the government entity responsible for centralizing and integrating all games of chance in the Philippines.
- The creation of the Board is to ensure proper direction, control, and management of the Corporation's activities in accordance with state policy.
Repeal and Modification of Inconsistent Laws
- All laws, decrees, administrative orders, rules, or regulations that conflict with this Executive Order are repealed, amended, or modified accordingly.
- This provision ensures legal clarity and hierarchy, prioritizing this Order’s directives over previous inconsistent regulations.
Effectivity Clause
- The Executive Order takes effect immediately upon its issuance, granting instantaneous legal force to the provisions herein.
Legal Authority and Signatories
- The Executive Order is issued under the constitutional powers vested in the President of the Philippines.
- Signed by then-President Ferdinand E. Marcos and attested by the Presidential Executive Assistant, formalizing its enactment.