Société Des Bains De Mer De Monaco
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Société Des Bains De Mer De Monaco
The Société des Bains de Mer (SBM; en, Society of Sea Baths), officially the Société Anonyme des Bains de Mer et du Cercle des Etrangers à Monaco (; en, Society of Sea Baths and of the Circle of Foreigners in Monaco), is a publicly traded company registered in the Principality of Monaco. SBM manages and owns the Monte Carlo Casino, the Opéra de Monte-Carlo, and the Hôtel de Paris in Monte Carlo. History SBM was founded on 2 April 1863 by a sovereign order issued by Charles III, Prince of Monaco. He ceded for 1.7 million gold francs to the businessman François Blanc for the privilege of exploiting the monopoly on gambling in the Principality of Monaco for 50 years. It initially consisted of a capital of eight million francs divided into 32,000 shares. Basil Zaharoff After World War I, the casino in Monte Carlo was in trouble. The world had changed, particularly the world of money, and the Prince of Monaco, Louis II, believed the casino's aged owner, Camille Blanc, had ...
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Public Limited Company
A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth of Nations, Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company whose shares may be freely sold and traded to the public (although a PLC may also be privately held, often by another PLC), with a minimum share capital of £50,000 and usually with the letters PLC after its name. Similar companies in the United States are called Public company, ''publicly traded companies''. Public limited companies will also have a separate legal identity. A PLC can be either an unlisted or listed company on the stock exchanges. In the United Kingdom, a public limited company usually must include the words "public limited company" or the abbreviation "PLC" or "plc" at the end and as part of the legal company name. Welsh companies may instead choose to end their names with , an abbreviation for '. However, some public l ...
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Monte-Carlo Bay Hotel & Resort
The Monte-Carlo Bay Hotel & Resort is a resort located in the neighborhood of Larvotto, Monaco. The hotel is part of the Société des bains de mer de Monaco. History Monte-Carlo Bay Hotel & Resort opened in 2006. In April 2018, the hotel introduced a Rafael Nadal suite on the tenth floor of the hotel. In August 2018, the hotel officially switched to solar energy. Description Overlooking the Mediterranean Sea, the 10-floor, 334-room Monte-Carlo Bay Hotel & Resort is part of the elite hotels in Monaco with the Hôtel de Paris Monte-Carlo, the Hôtel Hermitage Monte-Carlo and Monte-Carlo Beach. The indoor-outdoor swimming pool runs along the 5-acre garden and takes swimmers to a sandy-bottomed lagoon at the tip of the promontory. During the summer, tourists from the Middle East make up 10% of the hotel's clientele. The resort hosted the Rolex Monte-Carlo Masters tennis competition. Awards * 2019: Villegiature award for "Best Hotel Pool in Europe" See also * Société ...
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United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ...
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Charles De Gaulle
Charles André Joseph Marie de Gaulle (; ; (commonly abbreviated as CDG) 22 November 18909 November 1970) was a French army officer and statesman who led Free France against Nazi Germany in World War II and chaired the Provisional Government of the French Republic from 1944 to 1946 in order to restore democracy in France. In 1958, he came out of retirement when appointed President of the Council of Ministers (Prime Minister) by President René Coty. He rewrote the Constitution of France and founded the Fifth Republic after approval by referendum. He was elected President of France later that year, a position to which he was reelected in 1965 and held until his resignation in 1969. Born in Lille, he graduated from Saint-Cyr in 1912. He was a decorated officer of the First World War, wounded several times and later taken prisoner at Verdun. During the interwar period, he advocated mobile armoured divisions. During the German invasion of May 1940, he led an armoured divisio ...
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Rainier III, Prince Of Monaco
Rainier III (Rainier Louis Henri Maxence Bertrand Grimaldi; 31 May 1923 – 6 April 2005) was Prince of Monaco from 1949 to his death in 2005. Rainier ruled the Principality of Monaco for almost 56 years, making him one of the longest-ruling monarchs in European history. Rainier was born at the Prince's Palace of Monaco, the only son of Prince Pierre and Hereditary Princess Charlotte of Monaco. He was crucially responsible for the transformation of Monaco's economy, shifting from its traditional casino gambling base to its current status as a tax haven and cultural destination. The Prince also coordinated the substantial reforms of Monaco's constitution, which limited the powers of sovereign rule. Rainier married American film star Grace Kelly in 1956, which generated global media attention. They had three children: Caroline, Albert and Stéphanie. He died in April 2005 from complications relating to a lung infection as a result of frequent smoking; he was succeeded by hi ...
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Panama
Panama ( , ; es, link=no, Panamá ), officially the Republic of Panama ( es, República de Panamá), is a transcontinental country spanning the southern part of North America and the northern part of South America. It is bordered by Costa Rica to the west, Colombia to the southeast, the Caribbean Sea to the north, and the Pacific Ocean to the south. Its capital and largest city is Panama City, whose metropolitan area is home to nearly half the country's million people. Panama was inhabited by indigenous tribes before Spanish colonists arrived in the 16th century. It broke away from Spain in 1821 and joined the Republic of Gran Colombia, a union of Nueva Granada, Ecuador, and Venezuela. After Gran Colombia dissolved in 1831, Panama and Nueva Granada eventually became the Republic of Colombia. With the backing of the United States, Panama seceded from Colombia in 1903, allowing the construction of the Panama Canal to be completed by the United States Army Corps of En ...
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Tax Haven
A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national), and tax compliance refers to policy actions and individual behaviour aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs. The first known taxation took place in Ancient Egypt around 3000–2800 BC. A failure to pay in a timely manner ( non-compliance), along with evasion of or resistance to taxation, is punishable by law. Taxes consist of direct or indirect taxes and may be paid in money or as its labor equivalent. Most countries have a tax system in place, in order to pay for public, common societal, or agreed national needs and for the functions of government. Some levy a flat percentage rate of taxation on personal annual income, but mo ...
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Front Company
A front organization is any entity set up by and controlled by another organization, such as intelligence agencies, organized crime groups, terrorist organizations, secret societies, banned organizations, religious or political groups, advocacy groups, or corporations. Front organizations can act for the parent group without the actions being attributed to the parent group, thereby allowing them to hide certain activities from the authorities or the public. Front organizations that appear to be independent voluntary associations or charitable organizations are called front groups. In the business world, front organizations such as front companies or shell corporations are used to shield the parent company from legal liability. In international relations, a puppet state is a state which acts as a front (or surrogate) for another state. Intelligence agencies Intelligence agencies use front organizations to provide "cover", plausible occupations and means of income, for their cover ...
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Aristotle Onassis
Aristotle Socrates Onassis (, ; el, Αριστοτέλης Ωνάσης, Aristotélis Onásis, ; 20 January 1906 – 15 March 1975), was a Greek-Argentinian shipping magnate who amassed the world's largest privately-owned shipping fleet and was one of the world's richest and most famous men. He was married to Athina Mary Livanos (daughter of shipping tycoon Stavros G. Livanos), had a long-standing affair with opera singer Maria Callas and was married to Jacqueline Kennedy, the widow of US President John F. Kennedy. Onassis was born in Smyrna (modern-day İzmir in Turkey) and fled the city with his family to Greece in 1922 in the wake of the catastrophe of Smyrna. He moved to Argentina in 1923 and established himself as a tobacco trader and later a shipping owner during the Second World War. Moving to Monaco, Onassis fought Prince Rainier III for economic control of the country through his ownership of SBM and its Monte Carlo Casino. In the mid-1950s, he sought to secure an ...
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Côte D'Azur
The French Riviera (known in French as the ; oc, Còsta d'Azur ; literal translation " Azure Coast") is the Mediterranean coastline of the southeast corner of France. There is no official boundary, but it is usually considered to extend from Toulon, Le Lavandou or Saint-Tropez in the west to Menton at the France–Italy border in the east."Côte d'Azur, côte méditerranéenne française entre Cassis et Menton" ("Côte d'Azur, French Mediterranean coast between Cassis and Toulon") in ''Dictionnaire Hachette encyclopédique'' (2000), p. 448."Côte d'Azur, Partie orientale du littoral français, sur la Méditerranée, de Cassis à Menton" ("Côte d'Azur, Eastern part of the French coast, on the Mediterranean, from Cassis to Menton"), in ''Le Petit Larousse illustré'' (2005), p. 1297. The coast is entirely within the Provence-Alpes-Côte d'Azur region of France. The Principality of Monaco is a semi-enclave within the region, surrounded on three sides by France and fronting the ...
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Basil Zaharoff
Sir Basil Zaharoff, GCB, GBE (born Vasileios Zacharias; el, Βασίλειος Zαχαρίας Ζαχάρωφ; October 6, 1849 – November 27, 1936) was a Greek arms dealer and industrialist. One of the richest men in the world during his lifetime, Zaharoff was described as both a "merchant of death" and a "mystery man of Europe". His success was forged through his cunning, often aggressive and sharp, business tactics. These included the sale of arms to opposing sides in conflicts, sometimes delivering fake or faulty machinery and skilfully using the press to attack business rivals. Zaharoff maintained close contacts with many powerful political leaders, including British Prime Minister David Lloyd George, Greek Prime Minister Eleftherios Venizelos and Ottoman Sultan Abdul Hamid II. George Bernard Shaw based his character of Andrew Undershaft in his play ''Major Barbara'' on Zaharoff. He likely served as a primary inspiration for Ian Fleming's fictional James Bond villain ...
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