MONACO is basically the name of the country. Yes, Monaco is actually a real country, a constitutional monarchy in the same vein as San Marino or the Vatican but with more leeway and independence, a full member of the United Nations and the Council of Europe and with its own royal family (or “princely” family), led since 2005 by H.S.H. Prince Albert II. More on this elsewhere. View over most of the Principality of Monaco east from the Palace square.
The city of Monaco is split up, like any other town, into several neighbourhoods: among others, MONTE-CARLO, which happens to be the area on the hill overlooking the main harbor that houses the casino and the luxury hotels.