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Apr 30, 2021

[Answer] What famous gambling destination bans its residents from gambling?

Step 1 : Introduction to the question "What famous gambling destination bans its residents from gambling?"



...1. Macau 2. Las Vegas 3. Niagara Falls 4. Monaco




Step 2 : Answer to the question "What famous gambling destination bans its residents from gambling?"



Monaco - Monaco is the world’s second smallest country by land area, but it has an outsize reputation when it comes to gambling — particularly its famous Monte Carlo Casino. While the casinos (and glamorous lifestyle) have long attracted foreign tourists, Monaco’s own residents aren’t allowed to step foot inside them. When the Monte Carlo first opened in the 1860s, Monaco’s Princess Caroline forbade citizens from gambling on moral grounds, hoping to avoid any potentially negative social effects and ensure gambling revenue came only from foreigners. Those laws still stand, but Monaco’s wealthy citizens do enjoy a tradeoff: not paying income taxes. Approximately 4% of Monaco’s revenue today comes from gambling.:


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