Section 1. Declaration of Policy. —
It is hereby declared to be the policy of the state to centralize and integrate all games of chance not heretofore authorized by existing franchises or permitted by laws in order to attain the following objectives:
To centralize and integrate the right and authority to operate and conduct games of chance into one corporate entity to be controlled, administered and supervised by the government;
To establish and operate clubs and casinos sports gaming pools (basketball, football, etc.) and such other for amusement and recreation, including/games of chance, which may be allowed by law within the territorial jurisdiction of the Philippines which will (1) generate sources of additional revenue to fund infrastructure and socio-civic projects, such as flood control programs, beautification, sewerage and sewage projects, Tulungan ng Bayan Centers/Nutritional Programs, Population Control and such other essential public services; (2) create recreation and integrated facilities which will expand and improve the country's existing tourist attractions; (3) minimize, if not totally eradicate, the evils, mal-practices and corruptions that normally are found prevalent in the conduct and operation of gambling clubs and casinos without direct government involvement.