Rainier III, Prince of Monaco of Monaco, the Palais Princier announced that Rainier's son, Hereditary Prince Albert, would take over the duties of his father as regent since Rainier was no longer able to exercise his royal functions. On 1 April 2005, the Palace announced that Rainier's doctors believe his chances of recovery were "slim". On 6 April, Prince Rainier died at the Cardiothoracic Center of Monaco at 6:35 AM local time at the age of 81. He was succeeded by his only son, who became Prince Albert II. He was buried on 15 April 2005, beside his wife, Princess Grace, at the Cathedral of
Charles III, Prince of Monaco Charles) itself takes its name from Charles, after all its founder. Charles established a society (business) to run the Casino; this society is today the Société des bains de mer de Monaco. Under Charles III, the Principality of Monaco increased its diplomatic activities; for example, in 1864, Charles III concluded a Treaty of Friendship with the Bey of Tunis, Muhammad III as-Sadiq, which also regulated trade and maritime issues. He was the 182nd Grand Cross of the Order of the Tower and Sword. Monte Carlo is named after Charles III. It stands for the "Mount Charles" in Italian. Charles III