This special economic zone covers the municipality of Santa Ana and surrounding islands and is called the "Cagayan Special Economic Zone and Free Port (CSEZFP)". The zone is managed by the Cagayan Special Economic Zone (CEZA) a government-owned corporation. ceza.gov.ph

RA 7922 provides investors in the zone with special investment incentives similar to other Philippine special economic zones. What makes the CSEZFP different from almost all other special economic zones, however, are the provisions in RA 7922 that allow gaming and casino enterprises and activities to be established in the CSEZFP. Such gaming activities are outside the jurisdiction of the Philippine Amusement and Gaming Corporation (PAGCOR).

Within the scope provided under the law, CEZA has entered into license agreements with First Cagayan Leisure and Resorts Corporation (FCLRC) and North Cagayan Gaming and Amusement Corporation (NCGAC). Under its license agreement with CEZA, FCLRC serves as master licensor for interactive gaming.

NCGAC, meanwhile, has been licensed to directly or indirectly conduct a wide variety of gaming activities to include "land-based, online and virtual games of chance, their derivative games, and their evolutions, including pari-mutuel wagering, sports betting, other sports books activities, poker and other skilled games and their derivatives, bingo, lotteries and other games that may be wagered upon, golf and such other tourism related facilities and activities."