Gambling in Monaco: Key Insights
Monaco's reputation extends from its luxury gaming landscape to its online arena predominantly served by international operators. Here's an outline of Monaco's gambling climate.
- Monaco's illustrious land-based casinos, such as the iconic Casino de Monte-Carlo established in 1863, symbolize its rich gambling heritage. Legal frameworks for gambling were formalized that same year.
- Currently, management of Monaco's four physical casinos falls under the Gambling Authority and Department of Gambling Control , functioning under the Finance Ministry's auspices.
- The most up-to-date legal framework for gambling in Monaco centers on physical venues. Consequently, the principality lacks licensing or regulation for online gambling. Gambling Act of 1987 Though there are no native online gambling operators in Monaco, residents are at liberty to access international gaming platforms due to the absence of restrictive legislation.
- Despite being synonymous with opulence and gaming, Monaco prohibits its residents from entering local land-based casinos, a decree initiated by Prince Charles III.
- , with an anticipated 8.2% annual growth over the next decade, forecasts predict casino revenues to surpass $11 billion by 2034.
- Monaco’s casino industry is valued at $5.04 billion in 2024 Assessing the Advantages and Drawbacks of Online Casinos in Monaco