Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has responded to recent media coverage regarding investigations by the Austrian Economic and Corruption Prosecutor’s Office (WKStA) into CEO Harald Neumann among others. The investigations, which began in 2019, include over 100 individuals connected to Neumann and Novomatic AG, the controlling shareholder of Ainsworth. Ainsworth was informed of the investigations in 2019 and has kept regulators updated according to compliance requirements.
While Ainsworth does not typically comment on media speculation, they released a statement confirming their legal advice indicated that no public announcement was necessary due to the preliminary nature of the investigations. The board has continuously monitored the situation and established that no wrongdoing has been found, with one investigation still ongoing.
Key Points
- Ainsworth acknowledges media coverage of WKStA investigations initiated in 2019.
- Investigations involved over 100 individuals, including CEO Harald Neumann.
- Company was informed of investigations in 2019 and kept regulators updated.
- Ainsworth determined through legal advice that there was no need for a public announcement.
- Most investigations against Neumann and Novomatic AG have been discontinued.
- Neumann has been found suitable and licensed in more than 100 jurisdictions.
Why should I read this?
If you’re in the gaming sector or follow corporate governance practices, this article is a must-read. It provides vital context about ongoing regulatory scrutiny faced by significant players like Ainsworth, highlighting how they navigate legal challenges in the public eye. Getting informed about such investigative matters can save you from missing out on important industry developments!