Monaco is a small country mostly known for its luxurious casinos. It is a place of glamour and glitz that attracts an impressive number of tourists each year. Though it is considered to be a true Mecca of betting, the laws for the citizens are pretty strict. This is a story of a country where legal gambling is actually illegal.
The Legal Background
As curious as it may seem, betting is actually illegal in Monaco. Citizens are not allowed to wager, nor to enter a casino. The strangest thing is that this rule does not apply to the people who work in a betting house. Foreign nationals can also try their luck whenever they want as they face no restrictions.
The laws that ban betting take us back in 1800. They were created by Charles III, Prince of Monaco in a response to the fiscal crisis that struggled the country in that period. As a result, gambling was seen as a solution to fix the economic problems. To be more precise, it targeted the English upper class and banned the common citizens, as they were considered counterproductive. Though a radical solution, it turned out to be really effective, as the state managed to pay off the debts exclusively from this industry.
The Single Zero Roulette
Few people know that the single zero roulette was born in Monte Carlo. It was invented by Francois Blanc, a French entrepreneur. However, the game remained between the borders of the country until 1933. Nowadays, it is a highly played game in both land-based and virtual casinos.If you’d like to learn more about virtual casinos, you can find additional resources here.
The famous casinos from Monte Carlo are owned by the SBM company, where a major stakeholder is the royal family. The five important casinos are governed by informal rules and are self-regulated. There was an attempt to ban any other form of gambling, except the local casinos, but it was rejected. This means that people who visit this country, but also locals can gamble with no problem online.
Monaco is also popular for sports betting. The most famous event is the Monaco Grand Prix. It is a real magnet for rich nationals, but also wealthy tourists.
The dress code is extremely strict in Monaco’s casinos. In order to join the gaming rooms it is mandatory to use proper clothes. In this case, shorts and flip flops are definitely out of the question. People who choose the private rooms after 8 PM need to wear a jacket. At the same time, no types of uniforms are allowed.
The Future of Gambling
In 2014, the citizens from Monaco are not allowed to gamble in the local casinos, but they can join an international provider. However, the future does not seem promising at all. Rumors say that foreign casinos will need to gain a license in order to provide their services, and this means sticking to some very strict rules. At the same time, it is planned to restrict games like blackjack, roulette and craps only to brick and mortar casino. Though this does not seem to affect in any way foreigners, it can turn out to be a true disaster for local fans.
It can be concluded that Monaco is a paradise of brick and mortar casinos. It is a land of luxury and riches, but with strict and tough rules for the citizens.
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