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 at SBM, as reported by the company, totalled €526m in 2019, up 11 percent year-on-year. However, its 2020/21 half-year report show revenue fell to €168.8m compared to €408.6m in the previous fiscal year.
COVID-19 had a strong impact on SBM Group, as casinos and restaurants were closed in mid-March 2020. Only the Hotel de Paris and the Monte-Carlo Bay Hotel & Resort remained partially open to accommodate clients, particularly permanent residents, but with a low occupancy. The establishments then reopened gradually from June 2, 2020.
However, SBM Group retained most of its revenues linked to its commercial and residential rental activities, which validates the diversification strategy initiated several years ago to develop its rental activities, according to its interim 2020/21 financial report.
Special measures were introduced between January 11, 2021 and March 19, 2021, such as a curfew in the Principality between 19:00 and 06:00. The Casino de Monte-Carlo and Casino Café De Paris closed at 18:30 in response to these rules.
Casinos in Monaco are regulated under the 1987 Gaming Act and fall under the oversight of the Gambling Commission (Commission des Jeux), set up under the Ministry of Finance and Economy (article 15 of the 1987 Gaming Act).
No provision of the Monegasque Law applies to online gambling: consequently, gambling operators cannot offer online gambling in this jurisdiction.
No significant changes concerning the legal status of gambling in Monaco have taken place recently.
Last Updated: May 2019