Beijing Claims Profit On Olympic Hosting

From AP:

Olympic organizers say they made a profit out of hosting last year’s Summer Games.

According to figures released Friday by the government audit bureau, $2.8 billion was spent on organizing and staging the Games, including the Paralympic Summer Games that followed.

That compares to income of $3 billion thus far, leaving a profit of $176 million, the bureau said. The biggest chunk, accounting for 40 percent, came from broadcast and marketing rights, along with sales of tickets, souvenirs, and commemorative coins and stamps.

June 20, 2009, 2:59 AM
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