This chapter does not apply to recreational card playing conducted at a senior citizen housing facility not licensed by the liquor control commission by a senior citizens club or a group of residents of a senior citizen housing facility that consists of at least 15 members who are 60 years of age or older under all of the following circumstances:

    (a) The card playing is conducted solely for the amusement and recreation of the members and guests of the club or group and is not conducted for fund-raising. The number of guests participating in the card playing shall not exceed the number of club or group members participating in the card playing.

    (b) Only bona fide members and employees of the club or group participate in the conduct of the activity.

    (c) The card playing is conducted after 9 a.m. and before midnight.

    (d) The participating cardplayers bet not more than 25 cents per bet.

    (e) The winnings from 1 hand of cards do not exceed $5.00.

    (f) Except for winnings, revenue generated from the activity is used for reasonable expenses incurred in conducting the card playing, and no person is compensated for participating in the conduct of the card playing.