Monaco , officially the Principality of Monaco (French: Principauté de Monaco), is a sovereign city-state and microstate on the French Riviera close to the Italian region of Liguria, in Western Europe. It is bordered by France to the north, east and west, and the Mediterranean Sea to the south. The principality is home to 38,682 residents, of whom 9,486 are Monégasque nationals; it is widely recognised for being one of the most expensive and wealthiest places in the world.
Monte Carlo is officially an administrative area of the Principality of Monaco, specifically the ward of Monte Carlo/Spélugues, where the Monte Carlo Casino is located. Informally, the name also refers to a larger district, the Monte Carlo Quarter (corresponding to the former municipality of Monte Carlo), which besides Monte Carlo/Spélugues also includes the wards of La Rousse/Saint Roman, Larvotto/Bas Moulins and Saint Michel. The permanent population of the ward of Monte Carlo is about 3,500, while that of the quarter is about 15,000. Monaco has four traditional quarters.
From west to east they are: Fontvieille (the newest), Monaco-Ville (the oldest), La Condamine, and Monte Carlo.
Monte Carlo is situated on a prominent escarpment at the base of the Maritime Alps along the French Riviera. Near the quarter’s western end is the world-famous Place du Casino, the gambling center which has made Monte Carlo “an international byword for the extravagant display and reckless dispersal of wealth”. It is also the location of the Hôtel de Paris, Café de Paris and Salle Garnier (the casino theatre which is the home of the Opéra de Monte-Carlo). The quarter’s eastern part includes the community of Larvotto with Monaco’s only public beach, as well as its new convention center (the Grimaldi Forum), and the Monte-Carlo Bay Hotel & Resort.
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