Hosting the Winter Olympics: Profitable or a Money Pit? During last week’s debrief of the Pyeongchang 2018 Olympics, the President of the Organizing Committee, Lee Hee-Beom, declared PyeongChang 2018 a success. Lee predicts Beijing will break even or make a profit in 2022. “I was pleased to say that PyeongChang 2018 can already announce a multimillion-dollar surplus,” President Lee said. “It seems that Beijing will continue with this trend of […] Olympics Katy Shipley | June 12, 2018 0 Comments
Switzerland Voters Reject Bid to Host the 2026 Winter Olympics Switzerland is out of the running to host the 2026 Winter Olympics after citizens voted to reject the country’s bid. Voters in the Swiss canton of Valais rejected a proposal to fund a bid to stage the event in Sion by a vote of 54 per cent. Sion offered what the bidders termed a sustainable Olympics, relying on already existing […] Olympics Steven Agar | June 11, 2018 0 Comments
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