Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco

Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco, commonly known as Société des Bains de Mer or SBM, is a publicly traded company founded in 1863 by sovereign ordinance of Prince Charles III of Monaco. Established to bolster the principality's finances, it holds the exclusive privilege to operate gambling in Monaco, managing iconic venues like the Monte Carlo Casino and Casino Café de Paris. The company spearheaded the creation of the Monte-Carlo district, transforming a modest plateau into a global symbol of luxury with monumental casinos, opulent hotels such as Hôtel de Paris, Hôtel Hermitage, Monte-Carlo Beach, and Monte-Carlo Bay Hotel & Resort, alongside cultural landmarks including the Opéra de Monte-Carlo. SBM also oversees spas like Thermes Marins, beach clubs, country clubs, sporting facilities, restaurants, and nightlife spots. Controlled by the Monegasque state, it remains a pivotal player in Europe's gaming sector and Monaco's luxury tourism industry, blending historic elegance with modern high-end leisure.