Where do you think they will go to or should i sell now

Short .

Osbourne just said he will tax the hell out of the machines .

Jimmy - here's what he actually said :-)

"BUDGET
13:17: Fixed odds betting terminals in bookies will now be taxed at a higher rate of 25%. "We will also extend the horserace betting levy to bookmakers who are based offshore," he adds."

Wonder if the Toffee boy as been court holding these.......... hope not.

who the hell is Toffee Boy? ..... some Everton supporter or what?

No, sorry to disappoint you Plastic Manc. Looking to go long on the spreads cause I believe all this crap may well be priced in now. Watching.

that offshore clause is interesting
i wonder if it's a forerunner of what many or even most of us think, re the likes of amazon and google and starbucks shileding their uk income from corp tax

Well no ones getting a bonus at WH this year plus no overtime for cashiers and managers can't claim hours over the top either ,all cost cutting .

Trading Update tomorrow.

1st Quarter Results

Strong underlying growth but football results impact margins

Key highlights

· Continued outstanding growth in Online Sportsbook turnover, up 39% with mobile up 78%
· Gross win margin performance hit by two substantial loss-making weeks driven by football results
· Strong Online gaming net revenue growth, up 16%, benefiting from 142% growth in mobile
· Largely completed roll-out of Eclipse gaming machines into half the Retail estate
· Improving Australia KPIs with unique actives +22%, new accounts +8% and cost per acquisition -11%
· Strong US performance with wagering +23% and Operating profit4 up 188%
· Mobile Sportsbook and Casino launched in Italy

"Gross win margin performance hit by two substantial loss-making weeks driven by football results"

I know it wasn't me.

Investec Buy 338.45 490.00 490.00 Retains

Deutsche Bank Buy 338.45 435.00 435.00 Retains

Numis Buy 342.40 333.10 500.00 500.00 Reiterates

Goodbody Hold 341.20 333.10 - - Reiterates

Worth a punt skinny, long on the spreads @ 340.40

Just heard that WMH are now going to close 150 high street shops due to the new rules on fixed odds betting machines, which is good and bad I suppose. Less staff to pay but less revenue from punters who can lose/bet £100 every 20 seconds!

I saw William Hill to close 109 shops after duty rise earlier - which is why I bought.

See my post 328 ,, they are cost cutting in all ways because of the new tax on machines.

I bought cause chart looking positive if it can get above 350.0 can see 380.0 as initial target.

Chris, why dont you post a few more of your charts on the chart thread, they are always very interesting.

Would be appreciated.

cheers gf