Covid’s restrictions on the hotel and recreational markets continued to have an effect on brewing and betting companies.
Danish brewer Carlsberg said he expects operating profits to fall by 15% this year, and Covid’s closing is expected for sales in key markets such as China and Western Europe for the rest of the year.
The third largest brewer in the world, after Budweiser manufacturer AB InBev and Heineken, suspended the stretch at the time of a percentage buyback and said it would eliminate an unspecified number of jobs at its Copenhagen headquarters.
He said drinkers began returning to bars and restaurants in China and Western Europe over the summer, and closures are expected to keep sales weak for the rest of the year.
Last month, Dutch brewer Heineken reported a 16.4% year-on-year drop in net sales during the first part of its existing fiscal year due to the effect of coronavirus.
Meanwhile, gambling and gaming organization GVC, owner of the Ladbrokes-Coral betting chain, said its first-half winnings fell 11% year-on-year to 1.6 billion pounds (1.8 billion euros) largely due to Covid’s good fortune through closing. of department stores and cancellations of sporting events.
The net revenue from the game in GVC’s European retail operations, much of which includes its 138 Ladbrokes outlets in Ireland, fell by 48%.
GVC, which also owns many online bingo sites and the Irish company Betdaq, is ahead of an additional expansion in the U.S., where it has a joint venture with MGM Resorts; Continued biological expansion in existing markets and access to new markets in the progression of sports betting; Brazil and Germany.
Hundreds of jobs threatened in Daily Mail and Metro United Kingdom
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