5 things you did not know about the Monte Carlo casino
Monte Carlo is Europe’s elite gambling destination. Located in Monaco, it’s one of the world’s first main casinos. The architectural design makes use of Beaux-Arts architecture and shows a Napoleon III style, which combine to create a truly breathtaking scene. The casino is without a doubt one of the most famous in the world.
The idea of opening a gambling casino in Monaco belongs to Princess Caroline, a business-minded spouse of Prince Florestan I. Revenues from the casino were supposed to save the House of Grimaldi from bankruptcy. The ruling family was dealing with persistent financial problems that became especially problematic after the loss of tax revenue from two breakaway towns, Menton and Roquebrune, which declared independence from Monaco in 1848 and refused to pay taxes on olive oil and fruit imposed by the Grimaldis.
Société des Bains de Mer (SBM), run by the ruling Grimaldi family, owns and operates all four casinos in Monte Carlo as well as five hotels. Its Casino de Monte Carlo, which charges an entrance fee of €10, has an interior that looks more like a palace or art gallery than a casino. Gambling chips and plates worth €200,000 can be used at its tables.
The casino has been featured in multiple movies, including the original 1953 Casino Royale, Never Say Never Again, Golden Eye and Once Upon A Crime. Nowadays it also has an online version of its gambling entertainment.
- The casino is Monaco’s main tourist attraction and contained within the casino building is an opera, ballet house, the headquarters of Ballets de Monte Carlo and Grand Theatre de Monte Carlo.
- Monaco citizens are banned from entering the gaming rooms! In addition, it is illegal for them to gamble.
- The building was redesigned by French architects Charles Garnier and Jules Dutrou in 1878 but the original building was designed by architect Gobineau de la Bretonnerie and was built in 1858.
- The most famous example of the gambler’s fallacy occurred in a game of roulette at the Casino de Monte-Carlo in the summer of 1913, when the ball fell in black 26 times in a row. This was an extremely uncommon occurrence
- The Casino profits contribute 5% towards the country’s economic income.
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