Cars and carnival: Singapore gets the F1 formula right

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attendance for the 2018 race: 263,000 (second highest since inaugural race with 300,000)

Singapore Tourism Board (STB) had previously revealed that in the race's first 10 years, over 450,000 international visitors had flown to Singapore for the event, generating an estimated $1.4 billion in total incremental tourism receipts.

Former F1 chief executive Bernie Ecclestone had called the Singapore race the sport's "crown jewel". Current supremo Chase Carey said it is "the signature race for Formula One"...And two weeks ago, the twisty and challenging 23-turn track had defending world champion Lewis Hamilton calling the Marina Bay Street Circuit "Monaco on steroids".

The annual cost of hosting the race was estimated to be $150 million, although then Minister for Trade and Industry (Industry) S. Iswaran said last year that costs had come down by about $15 million to $135 million.

The night race, with Singapore's skyline as the backdrop, has marketed the whole of Singapore - not as a city full of crazy rich Asians, but as a city that can be full of crazy fun.


Qns:

1.     Hosting major sporting events creates more problems than benefits. Do you agree? (Cam. 2005)

2.     Does sport merit the vast sums of money that are spent on it? (Cam. 2010)