Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has responded to media coverage about investigations started in 2019 by the Austrian Economic and Corruption Prosecutor’s Office. These investigations involve over 100 individuals, including Ainsworth CEO Harald Neumann and controlling shareholder Novomatic AG.
The company learned of the investigations in 2019 and informed gaming regulators. Neumann, who was a non-executive director then, was not deemed a risk for his appointment as CEO in 2021 after a thorough probity investigation.
Updates on the investigations have indicated that all but one have been discontinued, with no wrongdoing found against Neumann or Novomatic AG.
Key Points
- Ainsworth confirmed awareness of ongoing investigations by the WKStA since 2019.
- CEO Harald Neumann was under scrutiny but was cleared for his position after compliance review.
- Most investigations concerning Neumann and Novomatic AG have been closed without findings of wrongdoing.
- The company maintains transparency with regulators regarding the investigation’s status.
Why should I read this?
If you’re curious about the intersections of corporate governance and compliance in gaming, this article provides a real-world instance of a CEO navigating a potentially murky situation. Ainsworth’s approach to managing regulatory scrutiny is not just fascinating; it’s a case study for anyone interested in corporate responsibility.