Monaco is home to four casinos (Casino de Monte Carlo; Casino Café de Paris; Sun Casino and Monte-Carlo Bay Casino), all operated by the same company: the Société des Bains de Mer (SBM).
Revenue across the four casinos dropped by 6.2 percent year-on-year in 2016, down €13.7m to €207m. However, this still represented a €2,447,601 increase over 2014 figures.
Casinos in Monaco are regulated under the 1987 Gaming Act and fall under the authority of the Gambling Commission (Commission des Jeux), set up under the Ministry of Finance and Economy (article 15 of the 1987 Gaming Act).
Gaming tables and gaming machines are allowed in casinos, in accordance with the Monegasque Law (article 2 of the 1987 Gaming Act). However, each model of gaming machine is subject to prior administrative authorisation. Casinos employees and company rules and regulations are also subject to this official authorisation.
No provision of the Monegasque Law applies to online gambling: consequently, gambling operators cannot offer online gambling in this jurisdiction. In 2001, Monaco’s legislators proposed a draft law to regulate online gambling, but this text has been rejected in 2006.
No significant changes concerning the legal status of gambling in Monaco have taken place recently in the country and its regulator has confirmed it has no plans to regulate online gambling in the near future.
Last Updated: December 2017