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Home > Online Casinos > Casino Articles > The Gambling History of Monte Carlo

Monte Carlo is an administrative area in Monaco, and is separated into two parts known as the quarter and the ward. The quarter has a population of 15,200 while the ward has a population of 3,500.

The city of Monte Carlo is a melting pot of cultures with the languages of English, Italian, Russian, German, and Japanese widely spoken here. It's easy to find someone to communicate with no matter what language you speak.

Monte Carlo also has 300 days a year of sunshine and the highest police per capita rate in the whole world, making it one of the safest places to visit. With their state of the art high tech surveillance, crimes are almost non-existent.

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Monte Carlo Casino's official name is Casino de Monte-Carlo and was opened 154 years ago in the year of 1863.

Princess Caroline, spouse of Prince Florestan I, was the first to come up with the idea of a casino in Monaco after they were facing bankruptcy in 1848 after the towns of Menton and Roquebrune declared independence from Monaco and refused to pay taxes.

In 1854, the son of Florestan, Charles, got together Albert Aubert and Napoleon Langlois, both Frenchmen, to draw up a proposal for a gambling casino, English-styled villas, and a spa that treated diseases. These plans would require 4 million francs to complete.

They were granted 30 years to operate this business and Aubert and Langlois opened a casino in a mansion in 1856. They opened it in Villa Bellevu, which they intended to be temporary location.

Only a year later in 1857, they sold their rights because of the lack of business. Business was hard to come by because there were few or no roads connecting Monaco to the Nice and the rest of Europe so they got far fewer guest than they had originally anticipated.

The rights to the casino and resort ended up with Pierre Auguste Daval. The establishment moved several times until they settled in an area names Les Spelugues, or The Caves. Construction started there in 1858 and finished in 1863.

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The establishment started turning profit in the year of 1859 during construction but it was not to the scale that Princess Caroline wanted. She attempted to recruit Francois Blanc, who was the operator of the Bad Homburg casino in Germany, but he declined.

Through determination and persistence from Princess Caroline, Blanc finally agreed to take over the business in 1963. Blanc quickly grew the business and was the single majority stockholder. He got a 50-year concession which would end in 1913.

Blanc insisted on changing the name of the casino area, Spelugues, to something simpler and more attractive to casino visitors. The name was changed to Monte Carlo to honor Prince Charles.

Blanc's changes to the construction in 1878-79 included adding a concert hall and expanding and redesigning the gaming rooms.

In 1880-1890 another gaming room was added and many parts of the building were remolded but the original Beaux Arts style still remains intact to this day.

Today the casino offers several different games including:

• Blackjack
• Stud poker
• Trente et Quarante
• Baccarat
• Slot machines
• Craps
• And video poker

The casino today offers many amenities and activities including:

• Gastronomy
• Shopping
• Monte-Carlo country club
• Monte-Carlo gold club
• Thermes Marins Monte-Carlo
• Spa Cinq Mondes
• Spa of the Monto-Carlo beach
• The Olympic pool at the Monte-Carlo beach club
• The lagoon and swimming pools at the Monte-Carlo Bay Hotel & Resort
• Thermes Marins Monte-Carlo pool
• Monte-Carlo beach club

They also have several fine dining and cozy restaurants:

• Salon Rose
• Circus
• Les Prives
• Le Train Bleu
• Monte-Carlo bay casino bar
• Bar Des Prives
• Bar Salle Europe
• Bar Salle Blanche
• And more

Gambler's Fallacy

The gambler's fallacy, which is also known as Monte Carlo fallacy and fallacy of the maturity of chances, is a belief that lost gamblers millions in a single night. The gambler's fallacy is the belief that past behavior influences future behavior. It seems like a good belief on the surface, until you take it into a casino.

In 1913 in the Monte Carlo Casino, a player at the roulette table noticed that the ball kept falling into black, so everyone using the gambler's fallacy threw their money on the table believing that it would have to land on red.

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But it didn't, for 26 spins in a row.

The more times the roulette wheel spun, the more gamblers bet. Then on the 27th spin it finally landed on red. Those winners rejoiced but made the mistake of following the Gambler's fallacy and believing that because there was a black streak, there would now be a red one.

But there wasn't, and over the course of the whole night gamblers using the gambler's fallacy lost millions.

European Poker Tour

The European Poker Tour, or EPT, is a series of poker tournaments that holds their grand finale in Monte Carlo each year. EPT began in 2004 due to the increased popularity in Texas holdem. PokerStars has owned EPT since 2011 and works with Sunset + Vine television to broadcast the event to all of Europe.

Season 13 is currently on and is planning to use Monte Carlo for the grand finale as usual. Only 1 of 13 seasons has held their grand finale elsewhere and that was in season 7 the finale was held in Madrid.

Other Things to Do in Monte Carlo

Le Metropole Shopping Center

Le Metrople, or Magic, shopping center is a three story mall with sweeping marble staircases, designer clothes, chandeliers and anything else your heart desires. They also have many pastry shops, restaurants and cafes for you to enjoy.

Japanese Gardens

Japanese Gardens is a free admissions park that replicates the outdoors of Japan with mountains, hills, brooks, waterfalls, and beaches. There are many benches and areas to sit and enjoy the flowers or fish in the ponds. It's close to the casino and can be walked from there to enjoy some fresh air.

Oceanographic Museum

The Oceanographic Museum of Monaco is a museum and aquarium combined and it's breathtaking. The aquarium features many different types of sea life both large and small and with more than 6,000 specimens in their reconstructed natural habitat. It's one of the oldest aquariums in the world, with records as early as 1903.

Antique Car Collection

The Private Collection of Antique Cars of H.S.H Prince Rainier III is on display in Monte Carlo and is listed as one of the top attractions. The collection spans from vintage to classic, and racing to Mercedes. They also have cars that are over 100 years old. Each car has a written history with it and there are even cars that have been featured in movies and driven by famous actors.

Boulingrins Gardens

Boulingrins Gardens, or Jardin Du Casino, is in the casino square and is a garden that has a large variety of plants including many exotic species. You can enjoy the fish and ducks at the pond or a few high end shops that are nearby.

Grand Prix

The Monaco Gran Prix is found in Monte Carlo and many events are held there throughout the year. You can practice on it one day and meat famous drivers the next.

Sports

Many different types of sports, events, and venues are available in Monte Carlo such as:

• Louis II Stadium
• The open-air Rainier III Nautical Stadium
• Monte-Carlo Country Club
• Windsurfing
• Water-skiing
• Ski bus
• Sea scooters
• Jet-ski
• Wakeboard
• Parachute rides
• Sailing
• Diving
• Jogging
• Hiking
• Skiing
• Rainer III Swimming Stadium
• Monte-Carlo Gold Club
• Tennis
• Squash
• Archery
• Para-sailing
• International Swimming Meetings
• And Herculis

Yearly events

Plenty of yearly events occur in and around Monte Carlo such as:

• January Monte-Carlo Rally
• January International Circus Festival
• March Monte-Carlo Opera
• March Rose Ball
• April Monte-Carlo Spring Arts Festival
• April Monte-Carlo Rolex Tennis Masters
• April Top Marques Monaco
• May Monte-Carlo Historic Grand Prix
• May Monaco Formula 1 Grand Prix
• June Feast of St. John
• July Concerts at the Prince's Palace
• July/August Monte Carlo International Fireworks Festival
• July/August Summer Festival at Le Sporting Club
• August Monte-Carlo red Cross Gala Ball
• September Monaco Yacht Show
• September Monaco Classic Week
• November Cross du Larvotto
• November National Holiday
• November Monte-Carlo Jazz Festival
• December Monaco Dance Forum
• December Christmas and New Year's Festivities

Monte Carlo is a beautiful and exotic vacation destination for rich and regular people alike. They have everything including the beautiful sea, entertainment, dining, and gambling.

It wouldn't be a surprise to see several famous high rollers visiting Monte Carlo to take in some culture, and to gamble in the famous Monte Carlo Casino.

Monte Carlo is also a wonderful family destination because of the many yearly events, sports, museums, and gardens to take in.

There's a little something for everyone in Monte Carlo.

Of all the Monegasque casinos, it’s the Casino Café de Paris that is arguably its most famous. Situated in the renowned Place du Casino (Casino Square), the Café de Paris’ history is as old as Monte Carlo itself.

A casino steeped in history

Casino Café de Paris’ history dates all the way back to the very founding of Monte Carlo itself. Around the mid-Nineteenth Century, Monaco’s economic problems and the financial legacy of centuries of war had left it and the ruling Grimaldi family almost bankrupt.

In order to rejuvenate the principality’s economy, Prince Charles III of Monaco authorized the construction of Monaco’s first casinos in 1856.

Several conspiring factors ensured the early casinos struggled. So to improve things, the Grimaldis turned to casino magnate François Blanc for assistance. This partnership saw the birth of the now famous “Société des Bains de Mer” in Monaco (SBM).

In 1864, Blanc founded the Hotel de Paris. Then in July 1865, the Casino Café de Paris was opened. Both were located on the Place du Casino, where they remain alongside le Casino de Monte Carlo.

Building on his knowhow and with strong financial backing, Blanc accomplished what his predecessors had failed to do. In less than three years, he had constructed a casino facility whose luxury and elegance was unrivalled.

The venture’s success was assured when, in 1856, the railway line between Nice and Ventimiglia opened. This enabled Europe’s upper classes to get to and from Monaco with ease.

Finally, in 1866, the whole area was renamed “Monte Carlo” (or “Mount Charles” in English) in honor of Prince Charles III.

A new world in an old one

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This dedication to lavish entertainment and uncompromising luxury is something Casino Café de Paris still takes to heart to this day. But while it’s history is as long as it is rich, both Casino Café de Paris and the Hotel de Paris are thoroughly modern.

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The casino hall is styled to a futuristic theme. The huge illuminated arches change color depending on the time of day it is, subtly changing the atmosphere. And naturally, all the slot and table games you’d expect to find in a modern casino are all present and correct.

Slot machine heaven

Casino Café de Paris may offer a wide selection of games, but it is arguably its slot machines for which it is most famous. Despite stiff competition, it has the largest collection of slot machines anywhere on the Riviera.

Within its walls you will find almost 500 slot machines of differing kinds. These range from real mechanical roller machines, to elaborate multi-casino progressives with jackpots that start at $650,000.

The range of machines on offer is continually changing, with a steady stream of new machines coming in. Many of these are based on popular movie and entertainment licenses (such as Batman, Star Wars, and even American Idol). Indeed, some of them are exclusive to the casino itself – meaning that Café de Paris is able to offer experiences that are literally unlike any other on the planet!

The fact you’re playing in Monte Carlo also brings advantages with it. Payback ratios are very generous in Monte Carlo, and there are no winning taxes. On average, a jackpot is won every seven minutes in Monte Carlo. Such jackpots are typically around $1,000, and over $280,000 is typically paid out in jackpots in the principality each day.

It also operates regular mystery jackpot weekends. These involve the 140 networked slot machines that are available in the Casino Café de Paris and Sun Casino, and operates alongside the regular jackpots available on these machines. So even if you don’t win the big cash prize, you could still win points on your Privilege 777 card, a bottle of fine champagne, or one of the other many gifts on offer.

If you’re a slots fan then, a trip to Monte Carlo and the Casino Café de Paris is essential.

More than machines

However, there’s more to Casino Café de Paris than simply slots. The casino itself offers a number of different games, such as craps, American roulette and blackjack.

Nor are these games reserved for the rich and famous. Despite its glamorous surroundings, you’ll find many of its tables cater for those on less extravagant budgets. Minimum wagers for craps and roulette are €10 ($13), and for roulette €2 (less than $3).

Its central location ensure Casino Café de Paris is also at the heart of Monaco’s cultural life as well. Many of Monte Carlo’s famous events, such as the Monte Carlo Jazz Festival, are celebrated in and around the casino.

In keeping with its name, the Café de Paris is also renowned for its fine dining and elegant bars. Its Brasserie 1900 encapsulates all the charm of a Parisian bistro from the turn of the last century. Its menus cover everything from fresh seafood to delicious deserts, and also features an all-year outdoor terrace, and function rooms.

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By contrast, the Bar des Jeux is anything but classical. Featuring modern styling (including multicolored lights), it’s designed to be the ideal meeting place to meet up before a night’s gambling, or a great place to celebrate a big win.

The casino on your hotel doorstep

Although the Casino Café de Paris itself does not have a hotel, it is mere steps away from the Hotel de Paris. As with the Café de Paris, the hotel knows how to pamper its guests.

The hotel boasts some of the finest features of any of the hotels found on the Riviera:

• 182 rooms, including 37 junior suites, 41 suites, and two diamond suites.
• Four first-rate restaurants.
• Le Bar Americain, a jazz bar with views of the sea.
• A hair salon and luxury boutiques.
• One of the best-stocked wine cellars in the world, with almost 600,000 bottles.
• A grand function room, and eight fully-equipped meeting rooms.
• Direct access to the world-famous Les Thermes Marins Monte-Carlo, Monte Carlo’s most luxurious spa, swimming pool and fitness centre.

The restaurants are certainly of note. For those who wish to dine in luxury, La Salle Empire, and le Louis XV – Alain Ducasse (holder of three Michelin stars), offer a wide selection of elegant food. Other dining options Le Grill, and the Cote Jardain buffet and terrace.

If there is one downside to staying and dining at the Hotel de Paris, it’s the cost. But as the old adage goes, quality has its price.

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Casino Café de Paris and Hotel de Paris: facts and figures

Finally, here is an overview of the Casino Café de Paris and Hotel de Paris:

• Address: Casino Café de Paris, Place du Casino, 98000 Monaco
• Total gaming space: 10,000m² (108,000sq ft)
• Opened: July 1865
• Total number of hotel rooms: 182
• Parent company: Société des Bains de Mer
• Total number of slots: 500 (approx.)
• Smoking: no

For further information, including how to book your stay at the hotel, please visit the Casino Café de Paris Monte Carlo’s official website.