Section 5
SEC. 5. Taxes on Casino. There shall be collected from the grantee the following taxes and fees: An initial permit fee of P1,000,000 and an annual permit fee of not less than P50,000 nor more than P200.000 as may be determined by the Commission; and A weekly fixed tax of: (1) not less than P2.000 nor more than P5,000 for each type of game per table, and (2) not less than P300 nor more than P500 for each slot machine or similar devices as may be determined by the Commission.