Preamble
WHEREAS, the development, promotion and maintenance of desirable moral, social and cultural values is one of the objectives of the New Society; WHEREAS, professional basketball has remained the most popular spectator sports in our country; WHEREAS, there have been changes of game-fixing or point shaving and "play or pay" in local basketball circles; WHEREAS, the necessity of distinguishing clearly the status of amateurism as opposed to professionalism has given birth to the Philippine Basketball Association which seeks to establish and maintain a professional basketball league; WHEREAS, there is urgent need for governmental supervision and regulation on the operation and conduct of professional basketball games and other professional games as well as the participants therein to insure integrity and provide ample protection to all concerned at all times; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order and decree: