For licensing of individually owned gaming operations other than those operating on September 1, 1986 (addressed under Sec. 522.11 of this part), a tribal ordinance shall require:
(a) That the gaming operation be licensed and regulated under an ordinance or resolution approved by the Chairman;
(b) That income to the tribe from an individually owned gaming operation be used only for the purposes listed in Sec. 522.4(b)(2) of this part;
(c) That not less than 60 percent of the net revenues be income to the Tribe;
(d) That the owner pay an assessment to the Commission under Sec. 514.1 of this chapter;
(e) Licensing standards that are at least as restrictive as those established by State law governing similar gaming within the jurisdiction of the surrounding State; and
(f) Denial of a license for any person or entity that would not be eligible to receive a State license to conduct the same activity within the jurisdiction of the surrounding State. State law standards shall apply with respect to purpose, entity, pot limits and hours of operation.