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.
Sep 19, 2014, 2:31 PM EDT
Spearmon lost a 2008 Olympic medal due to disqualification and finished fourth in the 2012 Olympic 200m.
Sep 19, 2014, 10:21 AM EDT
Komova won Olympic all-around silver behind Gabby Douglas.
Sep 19, 2014, 8:49 AM EDT
There was concern Olympic host nation wouldn’t be able to qualify in hockey.
Sep 19, 2014, 8:02 AM EDT
Olympic medalist skater could be called in for later hearing.
Sep 18, 2014, 4:50 PM EDT
Three-time Olympian rides into retirement by entering history books.
Sep 18, 2014, 3:06 PM EDT
Work expected to finish in the first half of 2016.
Sep 18, 2014, 1:39 PM EDT
NBC Olympics analyst hands out athlete of the year honors and more.
Sep 18, 2014, 9:30 AM EDT
Russian Olympic champion gave birth to daughter in June.
Sep 18, 2014, 9:00 AM EDT
Can U.S. win second straight team title despite injuries, absences?
Sep 17, 2014, 3:38 PM EDT
Canadian from memorable 2002 Olympic pairs competition to coach NHL players.
Sep 17, 2014, 2:13 PM EDT
Olympic halfpipe champion is focused on two competitions this season.
Sep 17, 2014, 10:54 AM EDT
Curling is the first Winter Olympic sport to have a sculpture in the Olympic Museum park.
Sep 17, 2014, 10:38 AM EDT
World record holder, now 40, could enter two more major marathons.
Sep 17, 2014, 10:04 AM EDT
Two-time Olympic champion runs five or six times per week.
Sep 17, 2014, 9:30 AM EDT
Two-time Olympic halfpipe champion “more poised” for slopestyle success in 2018.
Sep 17, 2014, 8:41 AM EDT
Jones posted she had “flashbacks of the three Olympics and that people constantly tease me about.”
Sep 16, 2014, 4:10 PM EDT
More than 7.5 million tickets will be available for the Games.
Sep 16, 2014, 11:57 AM EDT
German star suffered torn ACL.
Sep 16, 2014, 11:35 AM EDT
Shuko Uchimura hadn’t competed in some 30 years, according to Japanese report.
Sep 16, 2014, 9:39 AM EDT
Olympic 200m free champion going back to France.
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