According to international estimates, the 2008 Beijing Olympics is the most expensive Olympics to date in history. Its total cost has reached between US$35-billion and US$40-billion - more than double the cost of the previous Athens Olympics which posted US$14-billion.
In Philippine peso, the cost of the grand sporting event in Beijing, China could be somewhere between Php1.54-trillion and Php1.76-trillion at Php44.00 to US$1.00 exchange rate - bigger than the Philippines' budget of about Php1.23-trillion for this year.
Moreover, the event in Beijing is said to be luring a world record telecast viewership of one billion people with a vast majority is expected to come from China.
The "Bird's Nest" stadium, which is the main venue of this year's Olympic games, could hold a record-breaking capacity of 90,000 spectators.
During the opening day, about 70,000 tickets were put on sales, and about 20,000 were made complimentary for Olympic officials and international delegates. A handful of premium tickets were cornered by scrupulous scalpers, which were resold at a very staggering rate. As per some reports, a 500-yuan ticket could be fetched at least 8,500-yuan. Well, that's for the record.
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