SBM Results: Monaco’s Monte-Carlo Société des Bains de Mer Group posted record €861.6m revenues for 2025/26 (+12%), driven by strong summer trading, standout casino performance, and a hotel/restaurant expansion—plus a clear shift in who’s visiting. Clientele Shift: North Americans and Middle East guests now lead SBM’s casino customer mix, while the average guest age is falling (to ~45 in accommodation), with Formula 1 cited as a key accelerant. Economic Branding: The Monaco Government is rebranding its “Cellule Attractivité” into Invest Monaco, aiming for a single, clearer entry point for entrepreneurs, investors, and talent as competition between financial hubs intensifies. F1 Business Impact: F1 has agreed to phase in major 2027–28 engine changes after driver backlash, moving toward more “flat-out” driving—an operational shift that will affect costs, performance strategy, and Monaco’s race-week commercial planning. Crypto & Finance: CZR Exchange ran an invitation-only VIP digital-asset networking event during the Monaco Grand Prix, while AlphaPepe pushed ahead with a CoinGecko listing submission as its presale and holder base grew. Corporate Governance: Victoria’s Secret faces a shareholder showdown as Monaco-based Australian billionaire Brett Blundy’s BBRC International seeks to unseat chair Donna James ahead of a vote.