Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has responded to media coverage regarding investigations initiated in 2019 by the Austrian Economic and Corruption Prosecutor’s Office (WKStA). These investigations involve over 100 individuals, including Ainsworth’s current CEO, Harald Neumann, and Novomatic AG’s controlling shareholder.
Ainsworth first learned about these investigations in August 2019 and engaged with gaming regulators promptly to keep them informed. During the period, Neumann served as a non-executive director.
The Ainsworth Board assessed the situation and concluded that no public announcement was necessary, as the allegations lacked substantial evidence. They continue to monitor developments through a Regulatory Compliance Committee.
Although the investigations predated Neumann’s CEO appointment in October 2021, internal checks deemed him suitable for the position. Most investigations against him and Novomatic have been withdrawn, with updates suggesting no findings of wrongdoing.
Source: Ainsworth comments on historical investigations into CEO Harald Neumann
Key Points
- Ainsworth confirmed awareness of WKStA investigations since 2019, involving over 100 individuals.
- The company has communicated regularly with gaming regulators regarding the investigations.
- No public disclosure was made as the allegations were deemed preliminary and unsubstantiated.
- Neumann was found suitable for his position, despite the ongoing investigations at the time.
- Most investigations have been discontinued with no wrongdoing found, pending completion of one remaining case.
Why should I read this?
If you’re keen on the latest developments in gaming regulations and corporate governance, this article is a must-read! Ainsworth’s handling of the investigations showcases how transparency and compliance with regulatory bodies are key to maintaining trust in the industry. Plus, it gives insight into CEO Harald Neumann’s position amid scrutiny, essential for anyone following the gaming sector’s dynamics.