The first stone was laid on 16 January 1916 by then-President Dr. Bernardino Machado, a venture of Fausto Figueiredo.

[1] During the Second World War, it was reputed to be a gathering point for spies, dispossessed royals, and wartime adventurers; it became an inspiration for Ian Fleming's James Bond 007 novel Casino Royale.

[2] The casino passed into the hands of José Teodoro dos Santos in 1958.

[3] During the 1960s, the primitive building was expanded, under the direction of Filipe Nobre de Figueiredo and José Segurado, accompanied by the civil engineer Manuel Agostinho Duarte Gaspar, and was decorated by Daciano da Costa and José Espinho.

After 1987, majority interest was obtained by Stanley Ho, and began to be administered by Mário Assis Ferreira that is still today its President.