Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has responded to recent media reports regarding ongoing investigations by the Austrian Economic and Corruption Prosecutor’s Office (WKStA) that began in 2019. These include inquiries into over 100 individuals, including Ainsworth’s CEO Harald Neumann and Novomatic AG, Ainsworth’s controlling shareholder. Ainsworth emphasises that they have communicated these investigations to all relevant gaming regulators at the time of discovery and regularly update them on status and compliance.
The company notes that it is not their practice to comment on market speculation, but has ensured all necessary disclosure requirements were met after consulting legal advisors. Mr Neumann, who has been a non-executive director and subsequently appointed CEO in 2021, has been found suitable for his role following a compliance investigation.
Key Points
- Ainsworth acknowledges ongoing WKStA investigations into employees including CEO Harald Neumann.
- The investigations involve over 100 individuals, with Ainsworth aware since 2019.
- Regular updates have been provided to regulatory bodies as part of compliance commitments.
- The investigations have reportedly concluded against all but one case linked to Neumann, with no wrongdoing found.
- Neumann has been deemed suitable for his CEO position following a probity check.
Why should I read this?
If you’re involved in the gaming industry, this article is a must-read! It dives deep into the ongoing legal situations regarding a significant player in the market, Ainsworth, and its CEO. Knowing this context helps you grasp potential impacts on operations and compliance across the sector.
