In the second half of the 20th century, Monaco attracted the rich and famous willing to experience the taste of life again after the losses and sorrows of World War II. The festive life and pleasant climate had turned the Principality into a paradise for elite society.
It was in 1861 after Monaco lost much of its territory, Menton and Roquebrune, that Prince Charles III decided to invest in the fashionable Casino area that would accommodate the European and, in particular, the Russian aristocracy… In 1866, by a Sovereign Ordinance, the plateau of Spélugues became Monte-Carlo.