NRL Nines blitzes economic forecasts but what about next year?

NRL Nines organiser David Higgins

Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.

Launch Radio player

Auckland Council is trumpeting $9.35 million in estimated economic benefits from the inaugural NRL Nines tournament  but there is a shadow over next year’s event.

The NZ Herald reports a diary clash between the National Rugby League and organisers of the Cricket World Cup over the availability of Eden Park threatens the tournament, because the ground is locked down for 30 days before the first CWC match on February 28.

In a press statement this morning, Auckland Tourism Events and Economic Development, Auckland Council's economic development arm, says the $9.35 million benefit from the NRL Nines in February was well above the forecast $3.8 million benefit for the first year, and even the $6.8 million for the tournament’s fifth year.

Approximately 45,000 people per day attended the two-day tournament held at Eden Park in February.

Estimated visitor nights from people associated with the tournament was 68,360 – including 40,611 from the 16,000 domestic visitors to Auckland – more than double the 32,877 target. About 6000 people from Australia attended the tournament and the television coverage was watched by more than one million Australians.

ATEED’s sponsorship is $12 million over five years, of which $3 million was spent this year.


This article is tagged with the following keywords. Find out more about MyNBR Tags

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7562 0.0026 0.35%
AUD 0.9662 0.0006 0.06%
EUR 0.6731 0.0000 0.00%
GBP 0.4904 0.0014 0.29%
HKD 5.8636 0.0185 0.32%
JPY 90.2350 0.2530 0.28%

Commods

Commodity Price Change Time
Gold Index 1209.6 4.680 2015-02-26T00:
Oil Brent 60.0 0.310 2015-02-26T00:
Oil Nymex 48.3 -2.720 2015-02-26T00:
Silver Index 16.6 0.150 2015-02-26T00:

Indices

Symbol Open High Last %
NZX 50 5861.7 5878.5 5861.7 0.29%
NASDAQ 4969.3 4989.1 4967.1 0.42%
DAX 11337.1 11353.2 11327.2 -0.03%
DJI 18224.4 18239.4 18224.6 -0.06%
FTSE 6949.7 6960.0 6949.7 -0.12%
HKSE 24902.6 25102.0 24902.1 -0.32%
NI225 18844.3 18865.4 18785.8 0.06%