Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has responded to investigative reports from a prosecutor’s office regarding CEO Harald Neumann and Novomatic AG. The investigations, which began back in 2019, include over 100 people and are now largely resolved with most discontinued.
Upon becoming aware of these investigations, Ainsworth ensured all regulatory bodies were notified. Neumann, who was a non-executive director at the time, was continuously monitored and eventually found suitable for his CEO position following their assessments.
Source: Ainsworth comments on historical investigations into CEO Harald Neumann
Key Points
- Ainsworth acknowledges investigations by the Austrian Economic and Corruption Prosecutor’s Office.
- More than 100 individuals, including CEO Harald Neumann, were under scrutiny.
- Investigation updates were consistently shared with gaming regulators.
- Most investigations concerning Neumann and Novomatic AG have now been discontinued.
- Neumann is licensed in over 100 jurisdictions and deemed suitable for his role.
Why should I read this?
If you’re keeping an eye on corporate governance in the gaming industry, this article gives you a front-row seat to how serious allegations can unfold and how corporations manage regulatory challenges. It’s a quick read, but it’ll save you the dive into the nitty-gritty legalese, allowing you to stay informed without wading through all the details yourself.