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Valid for casinos Prism Casino. No Deposit Bonus Players: According to an ancient myth, Hercules passed through the Monaco area and turned away the previous gods.

Because the only temple of this area was the "House" of Hercules, the city was called Monoikos. An ousted branch of a Genoese family, the Grimaldi , contested it for a hundred years before actually gaining control.

Though the Republic of Genoa would last until the 19th century, they allowed the Grimaldi family to keep Monaco, and, likewise, both France and Spain left it alone for hundreds of years.

France did not annex it until the French Revolution , but after the defeat of Napoleon it was put under the care of the Kingdom of Sardinia.

In the 19th century, when Sardinia became a part of Italy , the region came under French influence again but France allowed it to remain independent.

Like France, Monaco was overrun by the Axis powers during the Second World War and for a short time was administered by Italy, then the Third Reich , before finally being liberated.

Although the occupation lasted for just a short time, it meant the deportation of the Jewish population and execution of several resistance members from Monaco.

Since then Monaco has been independent. It has taken some steps towards integration with the European Union. However, the Genoese became engaged in other conflicts, and in the late s Genoa became involved in a conflict with the Crown of Aragon over Corsica.

In , the Grimaldi family purchased Monaco from the Crown of Aragon and became the official and undisputed rulers of "the Rock of Monaco".

The principality continued its existence as a protectorate of France until the French Revolution. In , Revolutionary forces captured Monaco and it remained under direct French control until , when the Grimaldi family returned to the throne.

Between and Monaco was occupied by the French in this period much of Europe had been overrun by the French under command of Napoleon.

Before this time there was unrest in Menton and Roquebrune , where the townspeople had become weary of heavy taxation by the Grimaldi family.

They declared their independence, hoping for annexation by Sardinia. In , the principality stopped collecting income tax from its residents—an indulgence the Grimaldi family could afford to entertain thanks solely to the extraordinary success of the casino.

Until the Monegasque Revolution of forced the adoption of the constitution , the princes of Monaco were absolute rulers. The treaty, endorsed in by the Treaty of Versailles , established that Monegasque international policy would be aligned with French political, military, and economic interests, and resolved the Monaco Succession Crisis.

In , the Italian Army invaded and occupied Monaco, forming a fascist administration. On 19 April , Prince Rainier married the American actress Grace Kelly ; the event was widely televised and covered in the popular press, focusing the world's attention on the tiny principality.

A amendment to the constitution abolished capital punishment, provided for women's suffrage , and established a Supreme Court of Monaco to guarantee fundamental liberties.

In , a crisis developed when Charles de Gaulle blockaded Monaco, angered by its status as a tax haven for wealthy French. The film Grace of Monaco is loosely based on this crisis.

In , the Principality of Monaco became a member of the United Nations , with full voting rights. In , a new treaty between France and Monaco specified that, should there be no heirs to carry on the Grimaldi dynasty, the principality would still remain an independent nation rather than revert to France.

Monaco's military defence, however, is still the responsibility of France. On 31 March , Rainier III, who was too ill to exercise his duties, relinquished them to his only son and heir, Albert.

Following a period of official mourning, Prince Albert II formally assumed the princely crown on 12 July , [44] in a celebration that began with a solemn Mass at Saint Nicholas Cathedral , where his father had been buried three months earlier.

Monaco has been governed under a constitutional monarchy since , with the Sovereign Prince of Monaco as head of state. Under the constitution, the prince shares his veto power with the unicameral National Council.

The principality's city affairs are directed by the Communal Council , [56] which consists of 14 elected members and is presided over by a mayor.

Monaco is the second-smallest country by area in the world ; only Vatican City is smaller. There is no geographical distinction between the State and City of Monaco, although responsibilities of the government state-level and of the municipality city-level are different.

The municipalities were merged into one in , after accusations that the government was acting according to the motto "divide and conquer," and they were accorded the status of Wards or Quartiers thereafter.

An additional ward was planned by new land reclamation to be settled beginning in [64] but Prince Albert II announced in his New Year Speech that he had ended plans due to the current economic climate.

Currently Monaco is subdivided into ten wards , with their official numbers; either Fontvieille II or Le Portier would become the effective eleventh ward, if built: The wider defence of the nation is provided by France.

Monaco has no navy or air force, but on both a per-capita and per-area basis, Monaco has one of the largest police forces police officers for about 36, people and police presences in the world.

There is also a small military force. The company numbers exactly officers and men; while the NCOs and soldiers are local, the officers have generally served in the French Army.

In addition to their guard duties as described, the Carabiniers patrol the principality's beaches and coastal waters. Monaco is a sovereign city state , with five quartiers and ten wards, [82] located on the French Riviera in Western Europe.

Saint-Jean is the longest flowing body of water, around 0. After a recent expansion of Port Hercules , [89] Monaco's total area grew to 2.

Current land reclamation projects include extending the district of Fontvieille. There is a neighboring French port called Cap d'Ail that is near Monaco.

Monaco exhibits a wide range of architecture, but the principality's signature style, particularly in Monte Carlo, is that of the Belle Epoque.

Decorative elements including turrets, balconies, pinnacles, multi-coloured ceramics and caryatids and borrowed and blended to create a picturesque fantasy of pleasure and luxury, and an alluring expression of how Monaco sought, and still seeks, to portray itself.

Following major development in the s, Prince Rainier III banned high-rise development in the principality. Monaco has a hot-summer Mediterranean climate Köppen climate classification: Csa , which is influenced by oceanic climate and humid subtropical climate.

As a result, it has warm, dry summers and mild, rainy winters. On the other hand, the nights are very mild, due to the fairly high temperature of the sea in summer.

In the winter, frosts and snowfalls are extremely rare and generally occur once or twice every ten years.

One of Monaco's main sources of income is tourism. Each year many foreigners are attracted to its casino and pleasant climate. The state retains monopolies in numerous sectors, including tobacco and the postal service.

It is still, however, a monopoly. Living standards are high, roughly comparable to those in prosperous French metropolitan areas.

Monaco is not a member of the European Union. However, it is very closely linked via a customs union with France and, as such, its currency is the same as that of France, the euro.

Before , Monaco minted its own coins, the Monegasque franc. Monaco has acquired the right to mint euro coins with Monegasque designs on its national side.

The plan for casino gambling was drafted during the reign of Florestan I in Under Louis-Philippe's petite-bourgeois regime, however, a dignitary such as the Prince of Monaco was not allowed to operate a gambling house.

The House of Grimaldi was in dire need of money. The towns of Menton and Roquebrune , which had been the main sources of income for the Grimaldi family for centuries, were now accustomed to a much improved standard of living and lenient taxation thanks to Sardinian intervention and clamored for financial and political concession, even for separation.

The Grimaldi family hoped the newly legal industry would help alleviate the difficulties they faced, above all the crushing debt the family had incurred, but Monaco's first casino would not be ready to operate until after Charles III assumed the throne in The Blancs opened Le Grand Casino de Monte Carlo in and the casino benefited from the tourist traffic the newly built French railway system created.

The most recent addition in Monte Carlo is the Monte Carlo Bay Casino , which sits on 4 hectares of the Mediterranean Sea and, among other things, offers slot machines, all equipped with " ticket-in, ticket-out " TITO ; it is the first Mediterranean casino to use this technology.

Monaco has high social-insurance taxes, payable by both employers and employees. Monaco has never levied income tax on individuals , [90] and foreigners are thus able to use it as a " tax haven " from their own country's taxes, because as an independent country, Monaco is not obligated to pay taxes to other countries.

Unlike classic tax havens, it does not offer offshore financial services. In it went a step farther and secured a place on its "white list", after signing twelve information exchange treaties with other jurisdictions.

However, difficulties have been encountered with Monaco by countries in international investigations on serious crimes that appear to be linked also with tax matters.

The Council of Europe also decided to issue reports naming tax havens. Twenty-two territories, including Monaco, were thus evaluated between and on a first round.

Monaco was the only territory that refused to perform the second round, between and , whereas the 21 other territories had planned implementing the third and final round, planned between and This is why the first euro coins from Monaco have the year on them, instead of , like the other countries of the Eurozone that decided to put the year of first circulation on their coins.

Monaco's total population was 38, in The official language of Monaco is French , while Italian is spoken by the principality's sizeable community from Italy.

Thus, French and Italian supplants Monegasque, the vernacular language of the Monegasques, which is not recognized as an official language; English is used by American , British , Anglo- Canadian , and Irish residents.

The official religion is the Catholic Church, with freedom of other religions guaranteed by the constitution. The diocese, which has existed since the midth century, was raised to a non-metropolitan archbishopric in as the Archdiocese of Monaco and remains exempt i.

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Clearly it pays off to be an online player nowadays, which means gaining a few extra coins here and there, but most importantly: Part of the EU Customs territory, administered as part of France.

Administered as a part of France for taxation purposes. Retrieved 29 October The territory of the Principality forms a single commune.

Archived from the original on 22 July Retrieved 22 May Retrieved 18 July Archived from the original on 15 November Retrieved 15 November Retrieved 7 June Retrieved 3 August United Nations Statistics Division.

Retrieved 8 October Retrieved 28 May The Grimaldi family was not able to permanently secure their holding until when they purchased Monaco, along with two neighbouring villages, Menton and Roquebrune.

The Grimaldis of Monaco: The Birth of a Legend". Retrieved 23 August Archived from the original on 29 June Retrieved 29 June Archived from the original on 3 June Archived from the original on 27 May Retrieved 22 March Archived from the original on 16 January Retrieved 31 August Archived from the original on 4 September Retrieved 8 August Archived from the original on 10 June La Mairie de Monaco.

Archived from the original on 15 May Retrieved 15 April Archived from the original on 24 December Archived from the original on 11 October Archived from the original on 30 May Retrieved 12 March Retrieved 6 September Archived from the original on 23 April Archived from the original on 6 December Retrieved 11 September Monaco Statistics — Principality of Monaco.

Archived from the original on 20 June Retrieved 7 August Monte Carlo Daily Photo. Statistiques — et records in French.

Archived from the original PDF on 27 February Retrieved 26 February Archived from the original on 2 March Retrieved 2 March Retrieved 15 March We want more for Monaco".

The tax haven where the jewels are real and the orgasms are fake". Retrieved 6 March The Wall Street Journal.

Retrieved 7 March Your source for Global Business Knowledge". Archived from the original on 11 July Retrieved 28 April Archived from the original on 14 November Retrieved 27 April Retrieved 7 December Frommer's Provence and the Riviera Fifth.

Archived PDF from the original on 26 July Retrieved 23 May Retrieved 28 August Retrieved 11 May Archived from the original on 24 February Government of the Principality of Monaco.

Archived from the original PDF on 14 June Retrieved 7 October Retrieved 4 July Archived from the original on 3 March Archived from the original on 9 November Archived from the original on 10 August Archived from the original on 5 June Archived from the original on 4 June Archived from the original on 17 May Retrieved 25 May Archived from the original on 11 May Retrieved 15 February Retrieved 19 April Retrieved 2 July Retrieved 18 June Archived from the original on 11 November Retrieved 9 September Retrieved 18 March Retrieved 30 March Official Journal of the European Union.

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