Success came slowly, largely because Monaco was inaccessible from much of Europe. It relocated several times, before reaching its present location in the 'Les Spélugues' (The Caves) area of Monte Carlo. The initial casino opened in La Condamine in 1862, but was unsuccessful. In 1856, Charles III of Monaco granted a concession to Napoleon Langlois and Albert Aubert, to establish a sea-bathing facility for the treatment of various diseases, and to build a German-style casino. Main article: History of Monaco Charles III of Monaco was responsible for turning the Monte Carlo district and Monaco into a thriving town. At the quarter's eastern border, one crosses into the French town of Beausoleil (sometimes referred to as Monte-Carlo-Supérieur), and 8 kilometres (5 mi) to its east is the western border of Italy. The quarter's eastern part includes the community of Larvotto with Monaco's only public beach, as well as its new convention center (the Grimaldi Forum), and the Monte-Carlo Bay Hotel & Resort.

It is also the location of the Hôtel de Paris, Café de Paris and Salle Garnier (the casino theatre which is the home of the Opéra de Monte-Carlo). that has made Monte Carlo an international byword for the extravagant display and reckless dispersal of wealth'. Near the quarter's western end is the 'world-famous Place du Casino, the gambling center. Monte Carlo is situated on a prominent escarpment at the base of the Maritime Alps along the French Riviera. From west to east they are: Fontvieille (the newest), Monaco-Ville (the oldest), La Condamine, and Monte Carlo. The permanent population of the ward of Monte Carlo is about 3,500, while that of the quarter is about 15,000.

Informally, the name also refers to a larger district, the Monte Carlo Quarter (corresponding to the former municipality of Monte Carlo), which besides Monte Carlo/Spélugues also includes the wards of La Rousse/Saint Roman, Larvotto/Bas Moulins and Saint Michel. 'Mount Charles') is officially an administrative area of Monaco, specifically the ward of Monte Carlo/Spélugues, where the Monte Carlo Casino is located. Monte Carlo ( / ˌ m ɒ n t i ˈ k ɑːr l oʊ/ MON-tee KAR-loh, Italian: French: Monte-Carlo, or colloquially Monte-Carl Monégasque: Munte Carlu lit.

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