The Sydney Olympic Games held in 2000 was perhaps one of Australia’s major investments. The event involved Private‚ Social and External costs and benefits. The NSW government experienced the Private costs. Financially‚ the government spent around $1.7 billion dollars on the event‚ which included the sporting facilities‚ advancing the city’s streets‚ transport organisation and the village. The takings received for the event‚ however‚ was around $6 million. The profits are still being made today‚
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some parts of the community will argue that the taxpayer’s money should be invested into social programs that will benefit the community‚ rather than into sporting events. It is a valid argument that hosting an international sporting event can have a substantial financial impact on a city. An example of this is the great debt incurred by Montreal when they hosted the 1976 Olympic Games (p.89 Thoma and Chalip). It could be argued that the huge amounts of money that were spent on building new stadiums
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ESSAY Does holding the Olympic Games have benefits for the host country？ In recent years‚ the Olympic Games have developed into one of the most significant mega-international sporting events (Roche，2000). More and more cities are bidding to host the Olympics and increasingly money are invested in Olympic bids‚ which is due to the reason that the government believe that they could get benefits from such an event. During
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bThe Ancient Olympic Games When were the first Olympic Games? The first known Olympic Games was recorded in around 776 BC in Olympia‚ Greece. They were celebrated until 396 AD. What events took place in the Ancient Olympic Games? The Ancient Olympic Games consisted of only one race‚ the "stade" race‚ which was the length of the stadium and between 180 and 240 metres long (we don’t know for sure). Over the years more running races and other events were added‚ including boxing‚ wrestling
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Choose the correct variant. 1. Competitions involving physical strength___________________ A. have interested people since the 19th century B. date from prehistoric times C. were initiated by the American Indians 2. Interest in sports and games increased_________ A. as a result of greater participation in them B. during the 19th century C. due to the improvement of the facilities and wider coverage of the events 3. The phrase "Administered by Jockey Club" means:__________ A. the
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seen to have the ability to produce a wide range of significant economic and social benefits for communities and regions. In seeking to understand the field of special events‚ I took as a case study the Olympic Games mega-event. KEYWORDS: special events‚ Olympic games‚ mega-events‚ economic impact‚ investments INTRODUCTION The fundamental aim of this research is to measure the economic impact of the Olympics globally‚ regional and local. During the 1990s‚ there has been a growing number
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After the closing ceremony The Sydney 2000 Games were the largest yet. Despite their size‚ with a record breaking number of athletes participating; they were well organised‚ renewing faith in the Olympic Movement. The Olympic committee also spent $6 million Australian dollars in funding to combat the use of illicit drugs in sport‚ that previous Olympics have had so much trouble with in the past . The money was used to enhance drugs research into detecting the use of drugs
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To what extent can an Olympic host city benefits from the Olympic Games 1 Introduction According to the Cambridge dictionary (2012)‚ the Olympic Games is a set of international sports competitions that happen once every four years. The first Olympic Games were held in Greece in 1896 and the Olympic Games have been held 29 times so far. Many countries try their best to hold this large event which have world influence‚ due to the fact that it brings some impacts to the host city in term of economy
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The Economic Impact of the Olympic Games With the Olympic games being held in Sydney this year‚ I wondered if perhaps the performance of the economy was being affected in part by the fiscal stimulus provided by Olympic construction in Sydney and other parts of the country. Australia’s economy has been performing well recently‚ suggesting that there might be some effect. Over the last five years‚ growth in Australia’s gross domestic product has averaged 4.35%‚ almost a full point above it’s thirty
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worth of contracts from the Sydney games and an additional A$300mn was generated by local business. Over 55‚000 people received employment related training. If London hosted the Olympic games‚ thousands of UK firms could be involved in supplying everything from construction to manufacturing‚ catering to merchandise. (http://www.sportengland.org/2012_uk.htm) Boost to tourism The tourist industry won’t just boom during the four weeks that the Olympic and Paralympic games actually take place‚ but for months
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