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The Monte Carlo Casino, officially named Casino de Monte-Carlo, is a gambling and entertainment complex located in Monaco.
It includes a casino, the Grand Théâtre de Monte Carlo, and the office of Les Ballets de Monte Carlo.
The Casino de Monte-Carlo is owned and operated by the Société des bains de mer de Monaco, a public company in which the Monaco government and the ruling royal family have a majority interest.
The company also owns the principal hotels, sports clubs, foodservice establishments, and nightclubs throughout Monaco.
A shrewd, business-minded spouse of Prince Florestan I.
Revenues from the proposed venture were supposed to save the House of Grimaldi from bankruptcy.
The ruling family's persistent financial problems became especially acute 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.
In 1854, Charles, Florestan's son and future Prince of Monaco, recruited a team of Frenchmen—writer Albert Aubert and businessman Napoleon Langlois—to devise a development plan and write a prospectus to attract 4 million francs needed to build a spa for the treatment of various diseases, a gambling casino modeled from the Bad Homburg casino, and English-styled villas.
Granted the concession of 30 years to operate a bathing establishment and gaming tables, Aubert and Langlois opened the first casino at 14 December 1856 in Villa Bellevu.
Intended to be only a temporary location, the building was a modest mansion in La Condamine.