Section 1
SECTION 1. Any provision of existing laws to the contrary notwithstanding, no license shall hereafter be issued for the establishment, maintenance and operation of cabarets, dancing schools, dance halls, cockpits, night clubs, race tracks, gaming centers, and other similar places of amusement, except in accordance with rules and regulations to be promulgated by the President of the Philippines for the purpose, aid upon payment of fees provided therein. The license fees which shall be collected under the provisions hereof shall accrue to the treasury of the city, municipality or municipal district where the business is operated.