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Google has teamed up with the Hasbro, the makers of board game sensation Monopoly to launch an online, multiplayer version of the game called Monopoly City Streets.

The game, which launched earlier this month, uses Google Maps as the game board and allows players to compete in a real time, worldwide version of the game, effectively creating the largest Monopoly tournament ever held. From the web site:

“The goal is simple. Play to beat your friends and the world to become the richest property magnate in existence. Own any street in the world. Build humble houses, crazy castles and stupendous skyscrapers to collect rent. Use MONOPOLY Chance Cards to sabotage your mates by building Hazards on their streets.”

Although very little advertising was done leading up to it, the Twitter Effect on launch day brought the site to a standstill due to the sheer volume of buzz it created as players began tweeting their progress in the game.

It seems that Twitter isn’t the only hiccup to hit the venture. According to the Monopoly City Streets blog, there has been widespread cheating and foul play reported, forcing the site administrators to take the game offline for 3 hours this week while they manually addressed the issues.

Still, the game looks like a lot of fun for those with the time to invest.

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