Monaco is a city and a tiny state on the Mediterranean coast that borders on France. It is known for its luxurious casinos, the pier where expensive yachts moor, and the stage of the prestigious Formula 1 car race that takes place on the streets of Monaco. In the largest area of the country, Monte Carlo, there is a magnificent casino complex, built in the Belle Époque, and an exquisitely decorated opera house. There are many luxury hotels, shops, nightclubs and restaurants. The population of Monaco is 40,000 people.