Tuesday, November 2, 2010

Singapore F1 stats

Attendance
2008 Total 100,000 Foreigners 50,000
2009 Total 70,000 Foreigners 20,000
2010 Total 80,000 Foreigners 40,000

Tourism Receipts
2008 S$180mn
2009 S$90mn
2010 S$93mn

Cost of F1 S$150mn per year
60% of bill foot by Sg Govt
40% by Ong Beng Seng
But 70% of revenue goes to OBS

ie "losses" for Sg Govt S$60mn per year
ie about S$2.5 per user to get 150mn F1 TV viewers globally to see Singapore

Should F1 continue after 2014, terms with OBS have to be revised.

Shanghai Expo

73 mn visitors in 1st 6 mths
USD 40bn spent on city wide upgrade
including 150 subway stations
Ticket sales would have generated USD 1.8bn
but Chinese are subsidized by Govt