My position is that every country should do what Monaco is doing, except if a citizen want the foreigner treatment, they can abandon whatever social benefits that would be harmed by gambling and be allowed to gamble or partake in activities that harms themselves only.

Many developed countries are struggling with birth rates for example. Should that be regulated? It is harming countries much more than gambling could ever have. The whole right-wing resurgence happening across western democracies is a direct consequence of lower birth rates demanding offshoring and immigration.