Resort (pop., 1990: 14,702), one of the four quarters of Monaco .
It is situated northeast of Nice on the French Riviera . In 1856 Charles III of Monaco granted a charter allowing a joint-stock company to build a casino, which opened in 1861. The district around it, called Monte-Carlo, became a luxurious playground for the world's rich. The government took over the casino's operating company in 1967.