Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has acknowledged recent media reports regarding investigations initiated by the Austrian Economic and Corruption Prosecutor’s Office involving over 100 individuals, including CEO Harald Neumann and Novomatic AG. Following updates to regulators, Ainsworth asserts that Mr Neumann was not implicated in any wrongdoing.
Key Points
- Ainsworth acknowledges the media’s coverage of investigations from 2019 concerning Harold Neumann.
- These investigations were known to Ainsworth since August 2019 and communicated to gaming regulators.
- The investigations were deemed insufficiently definite to warrant market disclosure by Ainsworth’s board.
- Mr Neumann was found suitable for the CEO role following probity checks prior to his appointment in 2021.
- Most investigations involving both Neumann and Novomatic AG have been closed with no findings of wrongdoing.
Why should I read this?
If you’re curious about corporate integrity and transparency, or you’re invested in Ainsworth’s stock, this article clears the air on troubling allegations that have loomed over their CEO and the company. With legal implications and reputational stakes high, understanding these developments is crucial for anyone keeping an eye on gaming industry dynamics.