Monaco Casino de Paris in Monte Carlo, Exterior view. red Ferrari Alpes Maritimes France 24734_Monte Carlo Casino
Monaco Monte Carlo casino. Gambling industry The plan for casino gambling was mooted during the reign of Florestan I in 1846. Under Louis-Philippe's petit bourgeois regime, however, a dignitary such as a Prince of Monaco was not allowed to operate a gambling house. All this changed in the dissolute Second French Empire under Napoleon III. The House of Grimaldi was in dire need to generate cash. Menton and Roquebrune, which had been main source of income for the Grimaldis for centuries, now accustomed to much improved standard of living and lenient taxation thanks to Sardinian intervention, clamoured for financial and political concession, even for separation. The Grimaldis hoped the newly legal industry would help alleviate the difficulties they faced, above all the crushing debt the family had incurred, but Monaco's first casino would not be ready to operate until after Charles III assumed the throne in 1856. The grantee of the princely concession (license) was unable to attract enough business to sustain the operation and, after relocating the casino several times, sold the concession to French casino magnates François and Louis Blanc for million francs. The Blancs had already set up a highly successful casino (in fact the biggest in Europe) in Bad-Homburg in the Grand Duchy of Hesse-Homburg, a small German principality comparable to Monaco, and quickly petitioned Charles III to rename a depressed seaside area known as "Les Spelegures (Den of Thieves)". "Monte Carlo (Mount Charles)." They then constructed their casino in the newly dubbed "Monte Carlo" and cleared out the area's less-than-savory elements to make the neighborhood surrounding the establishment more conducive to tourism. The Blancs opened Le Grand Casino de Monte Carlo in 1858, and the casino benefited from the tourist traffic the newly built French railway system created. Due to the combination of the casino and the railroads, Monaco finally recovered from the previous half century of econom
Size: 6118px × 3774px
Location: Monaco Monte Carlo Alpes Maritimes France
Photo credit: © DV TRAVEL / Alamy / Afripics
License: Licensed
Model Released: No
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