Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has addressed recent media speculation surrounding investigations into CEO Harald Neumann and the company’s controlling shareholder, Novomatic AG. The investigations, initiated by the Austrian Economic and Corruption Prosecutor’s Office in 2019, involve over 100 individuals. Ainsworth has communicated regularly with gaming regulators about the status of these investigations.
The company confirmed that while it doesn’t typically comment on speculation, it does monitor the investigations through its Regulatory Compliance Committee (RCC). Though most investigations concerning Neumann have been discontinued, one remains open with indications of a forthcoming conclusion.
Key Points
- Ainsworth has acknowledged investigations involving CEO Harald Neumann and Novomatic AG.
- The investigations began in 2019 and affected numerous individuals.
- Ainsworth informed gaming regulators of the investigations upon their discovery.
- Legal advice suggested no ASX announcement was needed due to the preliminary nature of the allegations.
- Most investigations have been discontinued with no wrongdoing identified, but one remains open and under review.
Why should I read this?
If you’re interested in the gaming industry or corporate governance, this article is pivotal. It sheds light on how a major company like Ainsworth navigates potential scandals and regulatory compliance. Plus, with ongoing scrutiny into their leadership, it’s worth staying informed about the implications for the broader gaming landscape.
