there's something about ..... sgp economics

This is more for my reference.

Cost to stage SGP= $150m

Cost of Pit building = $40m to be amortised over 5 years. so Annual cost is $8m

So cost to stay SGP = $118m annually.

Singtel sponsorship= $10m approximately p.a

50,000 tourists spent $2000 not including shopping and tickets = $100m
50,000 tourists spent approximately $1000 on shopping = $50m

RBS, DHL, Noble Grp Banner on track = reckon total sponsor to be $10m to $15m.

Drinks of $3 for mineral water, $8 for coke, $10 for beer, assuming 100,000 spectators to spend averagely $6 = $600k per night. x 3 nights = $1.8m, this tendered out to Raffles Hotel, assuming $1m.

100,000 spectators. Reckon average ticket cost to be $1000 = $100m

Direct revenue = $100m+1m+10m+10m = $121m
Indirect government revenue = $100m x 0.8 = 80m of hotel charges x 0.3 of hotel tax = 24m
GST on shopping = $50m x 0.07 = $3.5m

SGP is joint venture between Government and HPL 60% to 40%

Total cost to Government = $90m
Direct revenue = $121 x 0.6 = $73m
Indirect revenue = 24 + 3.5 = $28
Total revenue = $101m
Free advert to 500m worldwide audience = free.

Total cost to HPL = 60m
Direct revenue = $121 x 0.4 = 48.4m
Not possible. Assumption of revenue splitting inaccurate.

Total revenue = $121 + 27.5 = $148.5m
Total cost = $118m
Profits = 30m

Following not adjusted for:

Merchandise sales revenue
Service staff cost in Paddock club
Food and wine costs at Paddock club
Electricity costs
Land costs for Pit building.