Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has addressed recent media coverage regarding investigations by the Austrian Economic and Corruption Prosecutor’s Office into CEO Harald Neumann and over 100 others. These investigations began in 2019 and have been a matter of public knowledge since.
Ainsworth confirmed that it first became aware of the investigations in August 2019, and was proactive in informing gaming regulators. The investigations were viewed as preliminary, with Ainsworth stating that no announcements were made as there were no concrete allegations at the time.
The company also noted that following a probity investigation, it deemed Neumann suitable for his CEO role, emphasising he is licensed across over 100 jurisdictions without findings of wrongdoing related to the investigations.
Key Points
- The investigations into Harald Neumann began in 2019, involving Ainsworth’s current CEO and others.
- Ainsworth communicated the situation to gaming regulators, ensuring compliance with regulations.
- The company found no evidence during its periodic reviews to warrant a formal market announcement.
- All but one investigation involving Mr Neumann have been discontinued with no findings of wrongdoing.
- Neumann has been assessed as suitable for his role based on probity investigations conducted prior to his appointment.
Why should I read this?
If you’re keen on the gaming industry’s integrity or just curious about corporate governance, this article sheds light on how Ainsworth is handling scrutiny while ensuring its leadership remains compliant and trustworthy. It’s a great read for those wanting to understand the balance between transparency and speculation in the industry!