Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has responded to recent media reports regarding ongoing investigations by the Austrian Economic and Corruption Prosecutor’s Office (WKStA). These investigations involve over 100 individuals, including CEO Harald Neumann and Novomatic AG, Ainsworth’s controlling shareholder.
Initially aware of the investigations since August 2019, Ainsworth kept gaming regulators updated as required. Although the board opted not to announce these developments via ASX, they monitored the situation closely, obtaining legal advice to support their decisions.
Key Points
- Investigations concerning Neumann and Novomatic AG began prior to his CEO appointment in October 2021.
- Ainsworth has maintained ongoing communication with regulators throughout the investigation process.
- All but one of the investigations have been discontinued, clearing Neumann of wrongdoing.
- The Ainsworth Board, after legal review, deemed Neumann suitable for his role based on past probity checks.
- Up to this point, he has been recognised as suitable for licensure in over 100 jurisdictions.
Why should I read this?
If you’re into the gaming industry or following corporate governance issues, this article is a must-read! It sheds light on significant investigations that could affect Ainsworth’s leadership and stability. Understanding these dynamics helps you grasp the larger picture of corporate accountability and compliance in the gaming sector.