It will affect it by where it is played and the things it sells. Food, Tickets, Bets, Ect.
It improves their transport, their employment rates, their security and their population numbers.
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Local People Have been affected in many ways, good and bad. Residents of the housing that was destroyed to make make way for the Olympic village were victims of forced migration (they had no choice) and there was around 400 people this happened to. Positively The Olympic Stadium Will be used after the games for the public and the accommodation that is going to be used for the athletes will be used for affordable housing for the local people after the games.