Dec 26, 2012, 9:42 AM EDT
The Russian parliament’s upper house passed a bill Wednesday calling for upwards of $30,000 fines for anyone caught scalping tickets to the Sochi Games.
Fines would start at five or ten times the face value of the ticket for individuals trying to gain profit off a small number of tickets. The heaviest fines would come into play if the scalping was done on a large scale level, or as a business.
“We as Olympic organizers have an obligation under our contract with the International Olympic Committee to prevent speculative price hikes for hotels and Olympic tickets,” organizing committee head Alexander Zhukov said at a press conference.
Zhukov added that that room prices in Sochi will also be capped during the Games, respective to certain hotel categories, so that owner’s don’t price-out fans coming to see the events.
The bill still needs to be signed into law by President Vladimir Putin, which is likely to come only after he explains how the inspiration for the myth of Santa came from this one time he gave a boy a present.
Jul 26, 2014, 10:17 AM EDT
Bolt will make a rare appearance in the heats of a 4x100m relay at Commonwealth Games.
Jul 26, 2014, 9:02 AM EDT
Beijing gold medalist slated for first bout in August.
Jul 25, 2014, 4:07 PM EDT
USOC met with representatives from four finalist cities this week.
Jul 25, 2014, 3:47 PM EDT
Bahrain runner listed with 1996 birthday may have been born in 1990.
Jul 25, 2014, 2:24 PM EDT
A step forward as skateboarding seeks Olympic inclusion.
Jul 25, 2014, 11:36 AM EDT
Brit can make Olympic history on the track in 2016.
Jul 25, 2014, 10:07 AM EDT
Cain emerged from being boxed in to beat Kenyans.
Jul 24, 2014, 4:57 PM EDT
How it impacts the U.S. and potential Olympic history for Missy Franklin.
Jul 24, 2014, 2:22 PM EDT
U.S. pair is top seed at biggest tournament in the U.S. this year.
Jul 24, 2014, 11:48 AM EDT
Moment of silence also held.
Jul 24, 2014, 11:25 AM EDT
Lingering illness keeps Olympic, World champion from competing.
Jul 24, 2014, 10:35 AM EDT
Australian field hockey player’s photo goes viral.
Jul 23, 2014, 4:12 PM EDT
Hopes to create a “robotic revolution.”
Jul 23, 2014, 1:47 PM EDT
Brazil has never won more than 17 medals at an Olympics.
Jul 23, 2014, 12:25 PM EDT
Boston, Los Angeles, San Francisco, Washington D.C. in the running.
Jul 23, 2014, 12:02 PM EDT
LOCOG acknowledges U.S. firm submitted designs that ended up being part of the cauldron.
Jul 23, 2014, 10:05 AM EDT
New coach won two Stanley Cups in the 1990s.
Jul 23, 2014, 9:46 AM EDT
Fashion star also created Team GB kits for London 2012.
Jul 23, 2014, 9:10 AM EDT
Opening bid much higher than final price for another Olympic basketball medal.
Jul 22, 2014, 5:21 PM EDT
“It is sending a bad message,” Bolt said.
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