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Rio Games Sees Budget Increase By 25% In Wake Of Project Delays, New Transit Plans

04 / 18 / 14

Brazilian authorities "unveiled an infrastructure budget" of $10.76B for the 2016 Rio Olymipcs, which is 25% "more than planned, as they try to reassure the world they can deliver facilities on time," according to Pedro Fonseca of REUTERS. The budget "covers 27 projects in urban development and publ...

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Tags: Olympics, Brazil

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08/07/12
Welcome To The Olympic 'Crying Games'

The London Games have become "the Crying Games," a time when Great Britain's winning athletes allow their "emotions to rule the waves and nearly drown Britannia in a torrent of jubilation, despair and sporting tears," according to Peter Simpson of the SOUTH CHINA MORNING POST. Team GB is "bagging go ...

Tags: Olympics, Europe, United Kingdom

08/07/12
IOC Studys Social Hook Up

The IOC is “looking to become the first sports property to land a marketing deal with Google or Facebook,” according to Tripp Mickle of SPORTSBUSINESS JOURNAL. The organization hosted Google Exec Chair Eric Schmidt last week in London and is considering “turning social and dig ...

Tags: Olympics, United Kingdom

08/07/12
Coe Recognizes This Year's London

LOCOG Chair Sebastian Coe said that "huge and enthusiastic crowds at the London Olympics are helping to dispel last year's images of rioters rampaging through the capital," according to Avril Ormsby of REUTERS. This time last year, Olympic officials from more than 200 countries were in the country d ...

Tags: Olympics, United Kingdom

08/07/12
Some IOC Members Kept Out

Some IOC members were “prevented from attending" the first two nights of track and field action because of "sensitivity about the empty seats in accredited areas,” according to Jacquelin Magnay of the London TELEGRAPH. IOC Olympic Games Exec Dir Gilbert Felli said that it had & ...

Tags: Olympics, United Kingdom

08/07/12
Aussies To Review Swim Performance

Australia senior Olympic official Kevan Gosper has blamed the country's dismal medal haul at the London Games "on cuts in government funding" -- as New Zealand mocked its neighbor, according the the AFP.  Australia is "on course for its worst Games since Seoul" in '88, languishing in 24th place ...

Tags: Olympics, Australia

08/07/12
Olympic Notes

In London, Simon Goodley reported that Britain's bookmakers are "savouring the Olympics as punters place bets in record numbers." Olympic business "has doubled" at betting exchange Betfair, while online bookmaker William Hill said that a record £30M ($47M) "will be staked across the industry" ...

Tags: Olympics, United Kingdom

08/06/12
Ennis Expects To Parlay Gold Into Riches

Analysts believe Jessica Ennis' Olympic heptathlon win "could turn her into a very rich woman," according to the London DAILY MAIL. Public Relations analyst Max Clifford thinks that Ennis "could net herself five million in the next two to three years along with any opportunities she desires" as a re ...

Tags: Olympics, United Kingdom

08/06/12
Coe Hails 'Greatest Day Of Sport'

As the London Games hit the halfway mark, the IOC "praised London's organisation," for "showcasing the very best of British," according to Owen Gibson of the London GUARDIAN.  IOC Olympic Games Dir Gilbert Felli said, "We can feel the atmosphere in the stadium, in the city. All the members of t ...

Tags: Olympics, United Kingdom

08/06/12
Hospitality A Hit In London

High-end hospitality sales at the Olympic Park and five other venues have topped $150M, defying the recession and turning the first-time venture into a profitable enterprise for Prestige Ticketing, the firm's top executive said. The London Games are the first-ever to feature high-end, on-site hospit ...

Tags: Olympics, United Kingdom

08/06/12
Clare Balding Impresses With Olympic Coverage

Not everyone can be like BBC's Clare Balding, a broadcaster with "such an exceptional skill set she makes everyone else in her orbit seem third rate -- especially if they actually are third rate," according to Jan Moir of the London DAILY MAIL. Balding is always "focused, briefed, knowledgeable and ...

Tags: Olympics, United Kingdom

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