Monte Carlo officially refers to 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 (literally "Mount Charles") is situated on a prominent escarpment at the base of the Maritime Alps along the French Riviera. Near the western end of the quarter 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, the Café de Paris, and the Salle Garnier (the casino theatre which is the home of the Opéra de Monte-Carlo). The eastern part of the quarter 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. At its western border one crosses into the French town of Beausoleil (sometimes referred to as Monte-Carlo-Supérieur), and just 5 miles (8 km) to its east is the western border of Italy.Founded in 1866, Monte Carlo has a name of Italian origin meaning "Mount Charles", in honor of the then-reigning prince, Charles III of Monaco. The specific mountain is the escarpment at the foot of the Maritime Alps on which the town stands.
The history of the area and the ruling Grimaldi family, however, dates back centuries. The port of Monaco is first mentioned in historical records as early as 43 BC, when Julius Caesar concentrated his fleet there while waiting in vain for Pompey. In the 12th century, the area fell under the sovereignty of Genoa, which was granted the entire coastline from Porto Venere to Monaco. After much conflict, the Grimaldis regained the rock in 1295, but suffered a significant amount of opposition in the ensuing years. In 1506 the Monegasques, under Lucien, Lord of Monaco, were under siege for some four months by the Genoan army, which had ten times the number of men. Monaco officially received full autonomy in 1524, but experienced difficulty retaining power, and on occasions briefly fell under the domination of Spain, Sardinia, and France.
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