The game with the 5 rings is supposed to bring money into Los Angeles' coffers. © APA / EXPA / Johann Groder

Olympia: Los Angeles expects a billion in profits in 2028

The Los Angeles Sport Council (LASC) has released a report saying the Olympics are profitable. Although more and more cities are viewing the hosting as a losing proposition, LA Mayor Eric Garcetti expects a billion US dollars (877,65 million euros) in profit from the 2028 Summer Games.

June 25, 2019

From: fop