Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has addressed recent media coverage regarding ongoing investigations by the Austrian Economic and Corruption Prosecutor’s Office (WKStA) into its CEO, Harald Neumann, and others related to Novomatic AG. The company has highlighted its proactive communication with gaming regulators since becoming aware of the investigations in 2019.
Source: Ainsworth Press Release
Key Points
- Ainsworth acknowledges media reports about investigations into CEO Harald Neumann starting from 2019.
- The investigations involve over 100 individuals, including associates of Novomatic AG, the company’s controlling shareholder.
- Ainsworth notified gaming regulators since the media uncovered the investigations.
- No substantial findings of wrongdoing linked to Mr Neumann have been reported, according to WKStA’s latest information.
- The investigations were initiated before Mr Neumann’s appointment as CEO in 2021.
- Ainsworth Board concluded that no public announcement was necessary based on legal advice received.
Why should I read this?
If you’re in the gaming or corporate sectors, keeping up with regulatory developments like these is crucial. Ainsworth’s transparency on these investigations sheds light on handling potential crises. It’s a handy read if you want to comprehend how companies manage compliance risks and communicate with regulators in complex situations.