The Principality of Monaco is located on the French Riviera in western Europe. Monaco is a tiny country of only 2 square kilometers (0.772 square miles), bordered by France and the Mediterranean Sea. The country has a population of 32,000 people, and is the most densely populated country in the world. Even with its low population, Monaco boasts of having the most millionaires per capita of any country in the world.

During the 1700s, money issues were common in the country. However, all that changed during the reign of Charles III from 1856 until 1889. Charles opened the country’s first casino in Monte Carlo at a time when gambling was illegal in every other country. Since then, the gaming industry has grown, giving Monaco a considerable ...

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