- May 12, 2007
- NOT Pennsylvania!!!
It matters not whether you have 1 share or 49% of available shares - if you do not have majority control you are not the owner and you do not generally get to manage the affairs.
Let's say you bought 24% of shares in MGM Mirage. Does that make you an owner, or manager?
Spearmaster with respect I don't think you fully understand how big public companies are run. If say you had 24% of William Hill you would have a huge say in big decisions. Infact if one body or person owned such a big chunk it would likely deter others from investing. Far from not mattering, it matters enormously if you have 1% or 10% of a big public company.
If you had 10% of William Hill you would have a big say in how the company was run because you would only need a few fund holdings to come in with you to get things through. You don't need anything like 51% with public companies because so many of the shares are held in small percentages by funds.
As for William Hill there may be more to it than meets the eye. I don't know the financial side of it but choosing Playtech looks a smart move. Maybe they plan on reviving and improving these brands. To me it looks like they are thinking about Poker more than casinos with this. Playtech is the coming thing for poker and if the USA players come back in then they could be well placed to re launch these brands. It is funny that Prestige is a rogue casino because it always had a good reputation as a poker site.
Crypto has given up on poker so you have to think that Playtech could get a stranglehold what with the MG offering being so feeble. Maybe this is behind their thinking?