Monaco online casinos
Monaco is such a charming state located on the Mediterranean Seacoast that it seems really a perfect place for gambling. Even though there are some land based casinos scattered around the state’s capital Monte-Carlo, there are no licensed local online casinos where you can enjoy the exciting gaming on the web. Good news is that you can still go in for licensed overseas online casinos that we gladly recommend you in this article.
Best Monaco online casinos
Gambling in Monaco
It’s needless to say that gambling is immensely popular among Monacan citizens, however, you might find it quite interesting to learn that the first casino in the state, which is known as the Casino de Monte-Carlo, was launched as long ago as in 1856. It’s the oldest and probably most famous land based casino in the state that was opened not to meet the gambling needs of citizens, but to respond to a severe financial crisis that happened in this small state in the middle of the nineteenth century.
All the land based Monacan casinos are run by the Société des Bains de Mer (SBM). Until 1907, SBM used to be a gambling monopoly in Europe, which ended when France started opening its own land based casinos. Just for your info, Monacan gambling is regulated by the government who has been the main stakeholder of the SBM since 1907.
Since the first land based casinos were opened in Monaco in order to overcome the severe financial crisis of the nineteenth century, traditionally, Monacan gambling houses were launched in order to encourage people from abroad to play there and leave their money in the state budget. For this reason, gambling wasn’t meant for local residents who are still prohibited to visit Monacan casinos.
Monacan Gambling Laws
As we have already mentioned in the previous section, gambling was officially introduced in Monaco on 26 April 1856 in order to improve the economic situation in the state, so it was aimed exceptionally on tourists and absolutely forbidden to locals.
In 1987, there was adopted the Gaming Act that is also known as Law No. 1.103. The Gaming Act serves to regulate land based gambling that also includes new games and slot machines. What is also important regarding this act is that it established licensing conditions, terms of operation and access to gambling venues, and supervision over land based gambling venues about which you can learn more details in the corresponding section below. Mind that the Gaming Act regulates only land based casinos and doesn’t extend to other gambling activities that include betting, lottery, and online gambling offers.
As for lotteries, they are totally prohibited in Monaco according to the General Police Law that was passed on 6 June 1867. Despite this prohibition, there are governmental agreements between Monaco and France according to which residents of Monaco can still play in the national French lottery known as La Française des Jeux.
Basically, the legal situation with betting is quite similar to the one with lotteries. Even though betting is prohibited by the Monegasque law, there’s a governmental agreement between Monaco and France according to which residents of Monaco are allowed to legally participate in horse betting activities organized by the French company PMU.
Talking about legal online gambling, nowadays, there are no laws that could regulate gaming on the web in Monaco. On 24 September, 2001 there was a draft bill that was expected to extend the Gaming Act regulations to include online gambling. However, the draft bill wasn’t adopted, so basically, nowadays there are no online gambling laws in Monaco. Nevertheless, it doesn’t mean that it’s prohibited to gamble online (since there are no laws dealing with online gambling). For this reason, you can enjoy playing on the web in overseas online casinos that accept gamblers from Monaco. For instance, you can check out the online casinos Canada, onlne casinos USA or online casinos New Zealand that are reviewed by our experts so that you can find a truly worthy gambling website for you.