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America's Cup: New Zealand made $156m loss on hosting event


America s Cup: New Zealand made $156m loss on hosting event
© RNZ / Amy Williams
New Zealand made a loss of $156 million from hosting the America s Cup event in March.
An evaluation report released by the Crown and the Auckland Council shows that for every dollar spent, 28 cents was lost.
The loss is put down to higher than projected public investment, few international visitors, and only three of the potential 10 challengers racing.
The Ministry of Business, Innovation and Employment (MBIE) and Auckland Council cost-benefit analysis found the 38,745 people who visited Auckland during the event spent $298m, and it was the most watched America s Cup of all time. ....

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Breeders' Cup Challenge Series Continues With Haskell

Breeders' Cup Challenge Series Continues With Haskell
bloodhorse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloodhorse.com Daily Mail and Mail on Sunday newspapers.

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