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What makes Monaco most famous is the Monte Carlo Casino , perhaps it even laying claim to the most famous casino in the world. There are some very small countries that also have casinos, but they tend to be quite small, but the Monte Carlo Casino is quite grand indeed.
This casino has been operating since the 19th century, and is majority owned by the family that has been ruling Monte Carlo since the 13th century, so this is no recent development in gambling that you see in a lot of countries.
This casino is so famous that there is a casino in Las Vegas named after it, and charitable organizations that run gambling very often will call these events Monte Carlo nights. The Monte Carlo Casinos, as they are known today, is now a collection of 5 casino properties , although they are all owned and operated by the same company.
Gambling is therefore very entrenched in Monaco society and this as stable of a gambling environment as you will ever see. As far as playing poker goes, the focus here is on the casino games, and if you want to play poker at the Monte Carlo Casinos you have to travel to the one in Las Vegas, Nevada to do it, as real Monte Carlo Casinos do not offer it, at least the normal version of poker as we think of it, playing against other players in other words.
The amount of money that the house takes in with these casino games is higher than the rake at a normal poker table, and there may not be a big enough demand here for it in any case.
People who come to the Monte Carlo casinos come to gamble, meaning casino gambling, and therefore these casino type poker games presumably suit their fancy more than a regular game of poker would, where you are looking to outwit fellow players at the poker table. The law has remained in effect to this day. The gambling here is mostly directed at tourists though, and the tourist trade here is pretty big indeed, as they get about 4 million tourists each year, more than times the population here.
At present, online poker players living in Monaco are permitted to gamble online at the sites of their choice, and this means at online poker and gambling sites located in other countries, since Monaco does not have any, nor are there any plans in the works for anyone to start any.