The Commission shall, with the advice and assistance of the Board, adopt regulations setting forth:

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1.  The policies and procedures for approval of a license to operate a gaming salon.

2.  The standards of operation for a gaming salon, including, without limitation, policies and procedures governing:

(a) Surveillance and security systems.

(b) The games offered. The regulations must provide that the games offered must include table games and may include slot machines.

(c) Minimum wagers for any game offered. The regulations must provide that minimum wagers for slot machines must not be less than $500.