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“This will be the first Olympics, since Sydney, where the total costs are coming in under $10 billion,” said Victor Matheson, a College of the Holy Cross professor of economics who has researched the financial costs of the Olympics. Workmen adjust banners on the 3x3 basketball venue located at La Concorde, in Paris, ahead of the 2024 Olympic Games. Additionally, the Paris Olympic Village will be converted into offices and housing in a historically impoverished neighborhood. Still, economists say, it may take more drastic moves in the future for the Olympics to be truly sustainable and economically sound. “I love the Olympics, and I love sporting events, but I just really do not think that the way the Olympics works now is a viable business model,” Phalin said.

Persons: ”, Victor Matheson, “, “ It’s, David Gray, Andrew Zimbalist, ” Zimbalist, Michael Kappeler, it’ll, Fabrice Coffrini, Zimbalist, ‘, Amanda Phalin, Christian Petersen, I’m, ” Phalin, you’ve, it’s, Andrew Medichini, shuttlecocks, Matheson, Phalin Organizations: CNN, Olympic, Paralympic Games, Paris Games, of, IOC, La Concorde, Getty, Mexico City Games, Montreal Games, Smith College, Olympics, Oxford University, Audit Board, Tokyo, Eiffel, Paris, University of Florida’s Warrington College of Business, Games, of Investment, Development Authority, French, ” Workers, Palais, AP Paris Locations: Paris, Sydney, La, AFP, Mexico, Munich, ” Los Angeles, Tehran, Beijing, Sochi, France, “, Lake Placid , New York, Lake Placid, ”, Los Angeles, Oklahoma

☆ This couple’s hobby? Illegally scaling the world’s tallest buildings together
▼ + stars: | 2024-07-19 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +8 min

Nikolau was the first major female rooftopper and caught the eye of Beerkus, who was looking to partner for social media content. In 2022, when Beerkus and Nikolau made their plans, the “supertall” skyscraper had topped out but was still under construction. With the urban “sport” emerging as one more of the more extreme ways to get likes on social media, several harrowing deaths have followed. For “Skywalkers” the film crew followed Beerkus and Nikolau to document their stunts, but only to a point. “With any activity that’s dangerous, social media tends to disguise the difficulty,” he said.

Persons: —, Ivan Beerkus, Angela Nikolau didn’t, Beerkus, Nikolau, ”, Jeff Zimbalist, Maria Bukhonina, Skywalkers ”, It’s, ” Zimbalist, “ Angela, Zimbalist, Ivan, Angela, don’t, ’ ” Zimbalist, rooftopping, ” Nikolau, she's, Chai Vasarhelyi, Jimmy Chin, Alex Honnold, Carolina Amell, Félicité Carrel, Miriam O’Brien Organizations: CNN, Familia, Eiffel, Goldin Finance, Netflix, Sundance Film, Kuala Lumpur’s, Merdeka Locations: Paris, Kuala Lumpur, Kuala Lumpur’s Merdeka, Moscow, ”, El Capitan, Félicité

☆ Betting is the ‘Achilles’ heel’ of US sports. Are leagues doing enough?
▼ + stars: | 2024-06-09 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +11 min

“But matters affecting the integrity of the game have a chilling effect across the board and governing bodies know this is their Achilles heel,” he warned. Fast forward to 2024 and the gambling industry is engrained in US sports culture with leagues, franchises, players and networks now partnering with betting organizations. “We need legislation to do things like prevent sports betting advertising, and to prevent prop betting. However, it can be often in leagues’ financial interest for betting to increase in popularity. “The sports leagues have turned to sports betting because it increases fan avidity.

Persons: Ippei Mizuhara, Shohei Ohtani, Tucupita Marcano, Jontay Porter, ” David Carter, ”, Paul Sancya, – it’s, Andrew Zimbalist, Zimbalist, ’ ”, “, William Hill, Mike Segar, Porter, Long Phi Pham, Pham, Breon Peace, Victor Matheson, Matheson, Adam Silver, Robert D, Manfred , Jr, Wayne Gretzky, Bruce Bennett, ’ Zimbalist, LeBron James, Patrick Mahomes, Connor McDavid’s, ” Matheson, ” Carter, ” Zimbalist, CNN’s Thomas Schlachter Organizations: CNN, Los Angeles Dodgers, Major League Baseball, San Diego Padres, National Basketball Association, Toronto Raptors, NBA, USC Marshall School of Business, MGM Grand Detroit, DC, Super, American Gaming, Smith College, Monmouth, Reuters, Authorities, Supreme, College of, NFL, MLB, New York Rangers, Carolina Hurricanes, Madison, Garden, “, NCAA, National Council Locations: Brooklyn, Michigan, Detroit, Washington, Oceanport , New Jersey, U.S, Porter , Brooklyn, New York City

☆ Why the NFL went all in on sports gambling
▼ + stars: | 2024-02-10 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

On Sunday, the NFL will hold its first Super Bowl in Las Vegas, a city built on gambling. Even in 2003, gambling was as much a part of the NFL as tailgating, helmets and shoulder pads. Yet the change in the league’s relationship with sports gambling couldn’t be more obvious as it prepares for its first Super Bowl in Sin City. That direct spending is only part of the way the NFL has learned to profit from legalized gambling. The column came four years before the Supreme Court opened the door for legal sports gambling.

Persons: ”, Victor Matheson, ” Matheson, Jeff Miller, Bud, Miller, “, Andrew Zimbalist, ” Zimbalist, Adam Silver, it’s, Zimbalist, ” CNN’s Alicia Wallace Organizations: New, New York CNN, National Football League, Super, Las Vegas Convention, Visitors Authority, NFL, College of, Gambling, Sports, Super Bowl, Caesars Entertainment, American Gaming Association, Smith College, New York Times, NBA, of Columbia Locations: New York, Las Vegas, Sin City, Nevada, ”, California, Texas

☆ Your next landlord may be a pro sports team
▼ + stars: | 2024-02-08 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

But team owners in recent years have turned to real estate development to bring in extra cash and drive up the asset values of their franchises. “It makes perfect sense for a team owner to play real estate,” said Propheter. “That means that team owners do have a lot of leverage,” he said. “Stadium subsidies transfer wealth from the general tax base to billionaire team owners, millionaire players, and the wealthy cohort of fans” who regularly attend games. “Generally speaking, the people who come off well are the team owners and the developers,” Zimbalist said.

Persons: ”, Geoffrey Propheter, Daniel Slim, “, Andrew Zimbalist, Louis, Harry Cabluck, Bruce Ratner, Stan Kroenke, Matthew Grimes Jr, Steve Cohen, Mark Cuban’s, Adelson, “ I’m, ” Zimbalist Organizations: New, New York CNN, Professional, Billionaire, University of Colorado Denver, Sofi, Getty, Washington Wizards, Capitals, Sweet, Smith College, Riverfront, Busch, Baltimore Orioles, Camden, Barclays Center, Nets, Los Angeles Rams, “ Battery, Atlanta Braves, Golden State Warriors ’ Chase Center, Texas Rangers, Globe, Arlington, New York Mets, Hard, Citi Field . Dallas Mavericks, Vegas Sands Corp, Management Locations: New York, North America, Inglewood , California, AFP, Washington, Alexandria , Virginia, Cincinnati, St, Pittsburgh, Brooklyn, New Jersey, ”, “ Battery Atlanta ”, Truist, Atlanta, San Francisco, “, City, Arlington , Texas, ” Cuban

☆ Why the Republican defense of Trump points to more turbulence ahead
▼ + stars: | 2023-08-22 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +20 min

In the Republican coalition, it is a moment that has culminated decades of change – and one that points to years of turbulence ahead. Overwhelming majorities of Republican voters dismiss the charges against Trump. In Gallup’s latest annual survey of trust in institutions, Republicans expressed less faith in 10 of the 16 measured. Veteran GOP pollster Whit Ayres points to another, more personal, reason so many GOP voters have discounted the charges against Trump. Trump is the Republican most effectively riding that wave now, but it seems unlikely to recede whenever he fades from the political scene.

Persons: Donald Trump, ”, Trump, Tresa Undem, –, Stormy Daniels, “ Trump, …, Ronald Reagan, “ There’s, Amy Fried, Goldwater, Reagan, Fried, Steve Bannon, Eric Plutzer, ” Plutzer, Hillary Clinton, “ Efrem Zimbalist Jr, Plutzer, “, MAGA, Undem, ” Trump, He’s, ” he’s, George Floyd, It’s, ” Robert P, Jones, winks, ’ Trump, ” “ MAGA, ” Jones, Daniel Cox, —, ” Cox, Chris Christie, Asa Hutchinson, Will Hurd, Hunter Biden, Cox, wasn’t Hunter Biden, Whit Ayres, ” Ayres, Donald Trump’s, aspersions, That’s, ’, Long Organizations: CNN, Republican, GOP, Trump, Whites, Bright Line, Republicans, CBS, University of Maine, Government, National Rifle Association, NRA, Penn State University, Institute for Democracy, Department, FBI, ABC, Justice Department, Pew Research Center, Gallup, Black, Religion Research Institute, White, American Enterprise Institute, Trump —, Prestige, Senate, Trump . Veteran GOP, “, Democratic Locations: “, Vietnam, stoke, Russia, Manhattan, Fulton County , Georgia, New York, Undem, America

As valuations for National Basketball Association and National Football League teams have leaped beyond the reach of even some billionaires, pickleball offers, by comparison, a more affordable opportunity. Valuations of pickleball teams reportedly range anywhere from $1 million to $10 million. Pickleball proponents say the sport will eventually develop its own celebrity players. He pointed out that while pingpong has long been played by millions of people in multiple countries, it hasn’t become a commercial success. “I think that pickleball is going to confront some of the same issues,” he said.

Persons: pickleball, ”, Patrick Rishe, St . Louis, it’s, David Levy, Levy, Andre Agassi, John McEnroe, ” Andrew Zimbalist, DealBook, pingpong, hasn’t, “ Organizations: National Basketball Association and National Football League, Washington, Washington University, Turner, Horizon, ESPN, Smith College Locations: St .

☆ Qatar's hope of gaining 'soft power' from World Cup probably succeeded in the Middle East: Professor
▼ + stars: | 2022-12-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailQatar's hope of gaining 'soft power' from World Cup probably succeeded in the Middle East: ProfessorAndrew Zimbalist, professor of economics at Smith College, says "I don't think [Qatar] did well in terms of the non-Muslim world, though."

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