MGM brings a touch of Monaco to the Las Vegas Strip. A property of the world's second largest gaming company, MGM Resorts International, the Monte Carlo Resort & Casino in Las Vegas has more than 3,000 hotel rooms and suites, a 100,000 sq. ft. casino with 1,500 slots and 60 table games, about eight restaurants, convention facilities, nightclubs, and wedding chapels. Monte Carlo is aimed at attracting middle- to upper-middle-income wagerers, while its is an exclusive boutique HOTEL32 is located on the top (32nd) floor. Monte Carlo Resort & Casino opened in 1996.
Business slowed in 2008 when the property's upper floors suffered an estimated $80 million worth of damage, the result of a fire on the building's rooftop. The company subsequently remodeled the area, transforming it into HOTEL32, which opened in 2009.
Monte Carlo had previously been operated by Victoria Partners, a joint venture between MGM Resorts (formerly MGM MIRAGE) and Mandalay Resort Group, until 2005 when MGM purchased Mandalay for about $7.9 billion.