Monte Carlo (Occitan: Montcarles, Monégasque: Monte-Carlu) is the wealthiest of Monaco's various aministrative areas, sometimes erroneously believed to be the country's capital, even though there formally is none. Monte Carlo is known for its casinos, gambling, glamour, and for sightings of famous people. The permanent population is about 3000. Monte Carlo quarter includes not only Monte Carlo proper where the casino is located, but also the neighborhoods of Saint Michel, Saint Roman/Tenao, and the beach community of Larvotto. It borders the French town of Beausoleil (formerly known as Haut-Monte-Carlo).