Source : Webster's Revised Unabridged Dictionary (1913)

Faro \Far"o\, n. [Said to be so called because the Egyptian king
   Pharaoh was formerly represented upon one of the cards.]
   A gambling game at cardds, in whiich all the other players
   play against the dealer or banker, staking their money upon
   the order in which the cards will lie and be dealt from the
   pack.

   {Faro bank}, the capital which the proprietor of a farotable
      ventures in the game; also, the place where a game of faro
      is played. --Hoyle.

Source : WordNet®

faro
     n : a card game in which players bet against the dealer on the
         cards he will draw from a dealing box