Monte Carlo

Monte Carlo (Occitan: Montcarles, Monégasque: Monte-Carlu) is the wealthiest of Monaco's 4 quarters, sometimes erroneously believed to be the country's capital, even though there formally is none. Monte Carlo is known for its casinos, gambling, glamour, and for sightings of famous people. The permanent population is 30,000 (1990 estimate). Monte Carlo quarter includes, not only Monte Carlo proper where the casino is located, but also the neighborhoods of Saint Michel, Saint Roman/Tenao, and the beach community of Larvotto. It borders the French town of Beausoleil (formerly known as Haut-Monte-Carlo).

Monte Carlo is home to most of the Circuit de Monaco, on which the Formula One Monaco Grand Prix takes place; it also hosts world championship boxing bouts, the Monte Carlo Masters, fashion shows and other events. Monte Carlo has been visited by royalty as well as the general public and movie stars for decades. The quarter of Monte Carlo was served by tramways from 1900 to 1953, linking parts of Monaco. The Monte Carlo Rally is one of the longest running and most respected car rallies, and marks the start of each rally season as the first event on the World Rally Championship calendar.

Monte Carlo is one of Europe's leading tourist resorts, and has many attractions which include Monaco Cathedral, the Napoleon Museum and The Prince's Palace.

Most famous of the tourist attractions is the casino complex and the Grand Théâtre de Monte Carlo, an opera and ballet house, and the headquarters of the Ballets de Monte Carlo. In 1861 a 50-year concession to operate the gaming rooms was granted to a private individual. Since 1898 the concession has been operated by the Société des Bains de Mer, a private company, in which the government now holds a majority interest. This corporation also owns the principal hotels and clubs of the community that serve the tourist trade. The citizens of Monaco are exempt from taxes, and they are forbidden to enter the gaming rooms.