The Société des Bains de Mer de Monaco (SBM) (Euronext: BAIN) is a company controlled by Monaco composed mainly of high-end hotels and entertainment in the principality. Notable establishments managed by the company include the Opera de Monte-Carlo, the Monte Carlo Casino and the Hotel de Paris in Monte-Carlo.

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SBM is the largest employer in Monaco. It participates actively in the tourism industry in the Principality. Its main activities are essentially oriented towards the fields of catering and gambling.

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