Tokyo Projected to Lose Nearly $3 Billion in Olympic Revenues Due to Covid Scare

[mystery-ak]

Tokyo Projected to Lose Nearly $3 Billion in Olympic Revenues Due to Covid Scare

Warner Todd Huston 23 Jul 2021

Olympics organizers in Japan seem poised to lose as much as $3 billion on the games as fans are banned from events shutting off a vital source of revenue in the face of continued worry over the coronavirus.

Polls of the Japanese people find little support for the international games, with 83 percent saying they think the Olympics should have been canceled, according to Market Watch. In fact, opposition to the games in the Olympics host city of Tokyo has been consistently negative on the event.

On Friday, in a show of how much Tokyo residents oppose the games, a group of hundreds of citizens gathered to march against the games just ahead of the IOC’s opening ceremony.

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https://www.breitbart.com/sports/2021/07/23/tokyo-projected-lose-nearly-3-billion-olympic-revenues-due-covid-scare/

[dfwgator]

The choice to light the Olympic Flame was a slap in the face to Japan.  It won't make the Games any more popular there.

[Kamaji]

I suspect the Olympics are slowly dying.  I saw the other day that Brisbane won the 2032 Olympics by default - because no other city put in a bid.  Paris (2024) will most likely go through with their games, but I'd give 50/50 odds that the L.A. games in 2028 will be called off, and the Brisbane games will probably never even get halfway through preparation before Brisbane calls it quits.

[Cyber Liberty]

My tears flow like a river for Japan.

[libertybele]

I wonder how much revenue the advertising sponsors are losing due to people not watching the Olympics and/or deciding to boycott the companies advertising.