Casino de Monte-Carlo, casino and entertainment complex that was built in 1878 in Monte-Carlo, Monaco, by Charles III, Prince of Monaco. Designed by Charles Garnier, architect of the Paris Opéra, the building is lavishly and ornately decorated in the opulent Belle Époque style and stands in formal gardens with a sweeping view over the tiny principality of Monaco.
Charles III built his first casino in 1865, prompted by the imminent threat of bankruptcy. It was so successful that, by 1869, the prince was able to abolish taxation in the principality and, in 1878, to replace it with this commanding, extravagant building. The expansion includes an opera house and more and larger gaming rooms. Further expansion continued throughout the 19th century. The settlement that grew up around the new casino was named Monte-Carlo, in honour of the prince, and the casino became a popular, glamorous destination. The government of Monaco retains a controlling financial interest in the casino—and the principality has remained a tax haven. Citizens of Monaco are, however, forbidden from entering the gaming rooms.The Casino de Monte-Carlo has inspired a number of books and films, including the first James Bond novel, Casino Royale (1953), and the Bond movies Never Say Never Again (1983) and GoldenEye (1995) were filmed at the casino. A music-hall song, “The Man Who Broke the Bank at Monte Carlo,” was inspired by the gamblers Joseph Jagger and Charles Wells, who swept the board there in the early days by calculating the bias on a roulette wheel. Anyone willing to pay the entrance fees can play in the Salon Blanc or Salons Européans, but the minimum bids in the most exclusive gaming rooms will deter all but the most wealthy.The casino has long been a major source of income for the principality of Monaco.
In Europe nearly every country changed its laws in the latter half of the 20th century to permit casinos. In the United Kingdom licensed and supervised gambling clubs, mainly in London, have operated since 1960. Club membership is required and easily obtainable. Casinos are also regulated by the government in France, which legalized them in 1933. France boasts many of the most famous European casinos, including those at Cannes, Nice, Divonne-les-Bains, and Deauville. Other famous European casinos are found in Estoril, Portugal; Corfu, Greece; and Baden-Baden and Bad Homburg von der Höhe, Germany. In the United States legal casinos were long operated only in Las Vegas and other locations in Nevada, where various forms of commercialized gambling houses have been permitted since 1931. The economy of Las Vegas is almost entirely dependent on the large, luxurious casinos that have operated there since the late 1940s. Nearly 40 percent of the total tax revenue in the state of Nevada comes from gambling. A general expansion of casino gambling was under way in the United States during the last decades of the 20th century, with about $6 billion bet annually within casinos by the start of the 21st century. Casino gambling was introduced in Atlantic City, New Jersey, in 1978, and from the 1980s casinos also began appearing on various American Indian reservations, which are not subject to state antigambling statutes. Several American states amended their laws during the 1980s and ’90s to permit casinos, in some cases limited to those on riverboats. Casinos are also found in Puerto Rico, and there are casinos in many countries in South America. The casino in Havana was closed after the Cuban Revolution in 1959. There are estimated to be more than 3,000 legal casinos and gaming houses worldwide.
Casinos typically accept all bets made by patrons within an established limit, so that a patron cannot win more than a casino can afford to pay. Every game offered gives a casino a mathematical expectancy of winning, and it is very rare for a casino to lose money on its games, even for one day. Because of this virtual assurance of gross profit, casinos regularly offer big bettors extravagant inducements in the form of free spectacular entertainment, transportation, and elegant living quarters. Even lesser bettors are offered reduced-fare transportation, hotel rooms, free drinks and cigarettes while gambling, and other inducements.
Of the games played regularly at casinos, roulette is found throughout the world, being a principal gambling game in France, where casinos reduce their advantage to less than 1 percent to entice big bettors. In the Americas roulette appeals more to small bettors, and casinos take a larger percentage. Craps attracts the big bettors in American casinos, most of which demand an advantage no greater than 1.4 percent and some only 1 percent or less. Slot machines and (from the 1980s) video poker machines are the economic mainstay of American casinos, the income resulting from high volume, rapid play at sums ranging from five cents to a dollar, and the ability to adjust machines for any desired profit. Another very common game offered in most casinos is keno.
Of casino card games, baccarat—in the popular variant known as chemin de fer—is the principal gambling game in the United Kingdom and those European continental casinos most often patronized by the British, such as those at Deauville, Biarritz, and on the Riviera. Blackjack is a fixture in American casinos and trente et quarante in the French. Other card games are seldom played in casino gambling, although most American casinos have table games in the form of poker variants such as Caribbean stud. They very often also offer regular poker tables, where patrons play each other while the casino makes its profit either by taking a portion of each pot or by charging an hourly fee. Asian casinos offer several traditional Far Eastern games, primarily sic bo (which spread to several European and American casinos during the 1990s), fan-tan, and pai-gow. Occasionally other games of local interest may be found in some casinos, such as two-up in Australia, banca francesa in Portugal, boule in France, and kalooki in Britain.
Casinos dramatically increased their use of technology during the 1990s. In addition to their use for general security, video cameras and computers now routinely supervise the games themselves. For example, in “chip tracking,” betting chips with built-in microcircuitry interact with electronic systems in the tables to enable casinos to oversee the exact amounts wagered minute-by-minute and to be warned of any anomaly; roulette wheels are electronically monitored regularly to discover quickly any statistical deviation in their expected results. Other examples are wholly automated and enclosed versions of games such as roulette and dice, where no dealer is required and the players bet by pushing buttons.In 1995 Internet Casinos, Inc., operating out of the Turks and Caicos Islands, premiered as the first “virtual” casino. Competitors, including traditional casinos, soon offered their own online gambling games, which are run by computer programs. Typically, customers must deposit accounts with the operators of such casinos in order to wager (most American credit card companies refuse to validate online gambling transactions). By the start of the 21st century, about $25 billion annually was being bet at some 200 Internet casinos. A large number of these casinos were located in off-shore tax havens such as Antigua and Gibraltar, and many have been criticized for their lack of supervision by any regulatory authorities.
