Monte Carlo, officially refers to an administrative area of the Principality of Monaco, specifically the ward of Monte Carlo/Spélugues, where the Monte Carlo Casino is located. Monaco has four traditional quarters - from west to east they are: Fontvieille (the newest), Monaco-Ville (the oldest), La Condamine, and Monte Carlo.

Monte Carlo (literally "Mount Charles") is situated on a prominent escarpment at the base of the Maritime Alps along the French Riviera. Near the western end of the quarter is the world-famous Place du Casino, the gambling center which has made Monte Carlo "an international byword for the extravagant display and reckless dispersal of wealth". It is also the location of the Hôtel de Paris, the Café de Paris, and the Salle Garnier (the casino theatre which is the home of the Opéra de Monte-Carlo).