Section 5Sec./Art. 5

Revocation of POGO Licenses and Prohibition to Operate. - The license of any person or entity as POGO, POGO gaming content provider, or POGO accredited service provider in relation to offshore gaming operations in the Philippines, previously issued by the Philippine Amusement and Gaming Corporation (PAGCOR), special economic zone authorities, Tourism Infrastructure and Enterprise Zone Authority (TIEZA), freeport authorities, and other government agencies, are hereby withdrawn, revoked, or cancelled permanently. The shall immediately wind down their operations not later than the effectivity of this Act.

The power of PAGCOR, special economic zone authorities, TIEZA, freeport authorities, investment promotion agencies, and other government agencies to issue a license or permit for the conduct of the offshore gaming, or to issue a license, permit, or accreditation to POGO gaming content providers and POGO-accredited service providers is hereby revoked.

Any corporation which includes in its purpose any of the prohibited acts under Section 4 of directed to amend its Articles of Incorporation with the Securities and Exchange Commission (SEC) within thirty (30) days from the effectivity of this Act. Otherwise, its Certificate of Registration shall be deemed revoked by the SEC.