Creation of National Gaming Commission

Authority to grant and revoke permits for operating authorized gaming activities.
Supervise and regulate all legalized gaming, including casino gambling, horse racing, jai alai, and cockfighting.
Ensure protection of the betting public and promote tourism.
Regulate gaming equipment and forbid improper devices or practices that may affect game results.
Prepare budget, set staff compensation, recruit and manage personnel.
Delegate cockfighting regulatory powers to other agencies.
Issue necessary rules and regulations to implement the decree.

Covers all forms of authorized gaming except:
- Sweepstakes races and lotteries (remain under Philippine Charity Sweepstakes Office).
- Boxing, wrestling, and professional basketball (under the Games and Amusement Board).

Initial allocation of P1,000,000 from the National Treasury for NGC's first year operations.
Subsequent funding to be included annually in the national budget.

Initial permit fee imposed at P1,000,000.
Annual permit fee ranges from P50,000 to P200,000 as determined by the Commission.
Weekly fixed tax:
- P2,000 to P5,000 per game table.
- P300 to P500 per slot machine or similar device.

Five per cent tax on the value of chips sold to players.
Tax is in lieu of income tax on winnings.
Chips must be purchased only from the cashier inside the casino; no bets or borrowing chips on gaming tables.

Imposes P500 annual fee on players.
Player applicants must meet qualifications set by the Commission.
Applicants must have at least P50,000 annual net taxable income.
Tourists are exempt from income and fee requirements but must present a valid passport.

Operator must file weekly tax returns and remit taxes to the Bureau of Internal Revenue.
Taxes due on chips sold are also reported weekly by the operator as withholding agent.
Annual fees payable by January 31 each year.
Late payments subject to 25% surcharge plus 14% per annum interest.
Willful neglect or fraudulent returns attract an additional 50% surcharge.

Taxes from Section 5 (casino permits and gaming taxes) go to the Metropolitan Manila Authority.
Taxes and fees from chips and licenses (Sections 6, 7, and 8) remitted to the National Government.

Import of gaming equipment restricted to the grantee for casino use and requires Commission authorization.
Subject to 100% ad valorem tariff and 70% compensating tax.

Operators must maintain daily transaction accounting records.
All records and sales invoices must be registered with the Bureau of Internal Revenue.
Records open to inspection by both NGC and Bureau of Internal Revenue.

Violations of NGC rules incur fines from P2,000 to P5,000 and imprisonment from one to three years.
Penalties extend to responsible officers in juridical persons.
Foreign violators face deportation after serving penalties without additional proceedings.

Until implementing regulations are issued, existing regulatory bodies continue their respective gaming oversight functions.

All laws, orders, rules, or regulations inconsistent with this decree are repealed or modified accordingly.