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What is the meaning of Monte Carlo?

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Monte Carlo in British (ˈmɒntɪ ˈkɑːləʊ, French mɔ̃te karlo) a town and resort forming part of the principality of Monaco, on the Riviera: famous casino and the destination of an annual car rally (the Monte Carlo Rally). Pop: 15 507 (2000) Collins English Dictionary.
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