![]() It was patterned after the famous German Bad Homburg casino and became the foundation of present-day Monte Carlo, named after Charles III. This resulted in the development of a casino, hotels, an opera house, and a theater under the auspices of the Societe des Bains de Mer. ![]() Casinos and gambling came about in in 1863 when Grimaldi Prince Charles III established Monaco as a center for tourism and gambling in response to an economic crisis. Monaco has one gambling destination, as most people know, and that is Monte-Carlo.
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