Monte Carlo is one of Monaco's administrative areas but it is not the capital of such country. Monaco's capital is Monaco-Ville. This place is located in the French Riviera on the Mediterranean Sea in Monaco which is near France and Italy. Current population is about 3,000.The name Monte Carlo has its origins in Italian meaning "Mount Charles", coming from Charles III of Monaco.
People who have money to burn and those with all the luxuries in the world would come to Monte Carlo for its casinos, gambling, luxury cruises and meeting wealthy business partners. One of the famous casino sites is the Le Grand Casino , just near Saint-Michel, Saint-Roman/Tenao, and Larvotto.
Racing enthusiasts frequent this place because Monte Carlo is where Circuit de Monaco is set, on which the Formula One Monaco Grand Prix. Memorable sports events would also take place here like world championship boxing bouts, the European Poker Tour Grand Final and the World Backgammon Championship.
Today, Monte Carlo is considered as a top Europe tourist destination especially for its resorts.