Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has addressed media reports regarding ongoing investigations by the Austrian Economic and Corruption Prosecutor’s Office that included CEO Harald Neumann. These investigations, which began in 2019, have raised concerns about various individuals linked to the company, including Neumann and the controlling shareholder, Novomatic AG.
Upon learning of these investigations, Ainsworth promptly informed gaming regulators and has been providing ongoing updates as necessary. The company has opted not to disclose market speculation or preliminary findings, and no allegations have been substantiated to date. Ainsworth’s Regulatory Compliance Committee continuously monitors these investigations, assessing their implications for the company’s compliance and disclosure obligations.
Key Points
- The WKStA investigations started in 2019 and involve over 100 individuals, including Ainsworth’s CEO Harald Neumann.
- Ainsworth communicated with regulators upon discovering the investigations and continues to provide updates.
- Legal advice indicated no requirement for market disclosures at the time, as the allegations were not confirmed.
- Most investigations of Neumann and Novomatic AG have been discontinued, with no findings of wrongdoing to date.
- Mr. Neumann was deemed suitable for the CEO position following compliance investigations prior to his appointment in October 2021.
Why should I read this?
If you’re involved in the gaming industry or have an interest in corporate governance, this article unveils critical ongoing developments regarding the leadership of Ainsworth. Staying updated on how these investigations unfold could inform your understanding of the regulatory landscape and corporate accountability within this sector.
Source: Ainsworth comments on historical investigations into CEO Harald Neumann