"Strategically, we need to be where our customers are going, with a complementary offer to the one we have today in Monaco. It would also be the opportunity to retain our seasonal workers, summer and winter," Mr Valeri said. In the meantime, back home, SBM is relaunching restaurants and venues at the Monte-Carlo Beach. Additionally, the company is "in a good position" to exploit the immense potential of a completely revamped Meridien. Mr Valeri also pointed out that SBM's ambitions don't end there, as the company owns the beachfront between the Monte-Carlo Bay and the Monte-Carlo Beach. The new Café de Paris SBM In the meantime, the redeveloped Café de Paris, to open at the end of October, is already a financial success. The payments for the seven boutique concessions within the building will cancel out the costs of construction. Some contracts remain to be signed, but among the tenants will be the LVMH Group and Tag Heuer, Mr Valeri said.