Monaco was a very small and impoverished country when Prince Charles III introduced gambling as a source of revenue in 1866. Within 3 years this new source of income became so rewarding that direct forms of taxation were eliminated. A new casino was opened in 1904 called the International Sporting Club. This second casino was needed to help accommodate the burgeoning tourist business to Monte Carlo's recreational areas.A third casino owned by the Loews Corporation opened in 1975 and is more of an American style operation. The blackjack, Nevada craps, slot machines, and American roulette provide a more familiar atmosphere for visiting Americans. Gaming chips used at Loews are familiar Bud Jones metal inlays. |
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