The Principality of Monaco, a sovereign principality located along the Mediterranean Sea in the midst of the resort area of the French Riviera. The city of Nice, France, lies 9 miles (15 km) to the west, the Italian border 5 miles (8 km) to the east.
This tiny territory occupies a set of densely clustered hills and looks southward over the Mediterranean. Many unusual features, however, have made this small nation among the most luxurious tourist resorts in the world and have given it a fame far exceeding its size.
The hub of the city, Casino Square.
Many visitors alternate their hours between its beaches and boating facilities, its international sports-car races, and its world-famous Place du Casino, the gambling centre in the Monte-Carlo section that made Monte-Carlo an international byword for the extravagant display and reckless dispersal of wealth.
A must for any visitor to Monaco, is to window shop and watch the world go by in the squre. Experience a little luxury, look at all the amazing cars, the beautiful buildings, take a coffee at Cafe de Paris and cocktails at Hotel de Paris and keep an eye out for any celebrities in the area.
The chief industry is tourism, and its facilities make it one of Europe’s most luxurious resorts. Once a winter attraction, it now draws summer visitors as well to its beaches and expanded mooring facilities. Business conferences are especially important. The social life of Monte-Carlo revolves around the Place du Casino. The casino was built in 1861, and in 1967 its operations were taken over by the principality. Banking and finance and real estate are other important components of the diverse services sector.