Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has addressed recent media coverage regarding investigations that began in 2019. The Austrian Economic and Corruption Prosecutor’s Office (WKStA) is looking into over 100 individuals, including CEO Harald Neumann and the shareholder Novomatic AG. Ainsworth has kept relevant gaming regulators informed about these investigations since they first came to light.
Despite the speculations, Ainsworth determined that the investigations were preliminary and didn’t warrant an ASX announcement. They have regularly monitored developments through their Regulatory Compliance Committee, which concluded that Neumann was suitable to hold the CEO position based on regulations and had been licensed in over 100 jurisdictions.
Key Points
- Ainsworth acknowledges press reports about investigations into CEO Harald Neumann and Novomatic AG.
- Investigations commenced in 2019 by the Austrian Economic and Corruption Prosecutor’s Office.
- The company has communicated with gaming regulators since the investigations became public.
- Ainsworth decided against a market announcement regarding the investigations after obtaining legal advice.
- Most investigations related to Neumann and Novomatic AG have been closed without any wrongdoing found.
Why should I read this?
If you’re in the gaming industry or simply curious about corporate governance and regulatory compliance, this article sheds light on an ongoing investigation involving key figures in the gaming sector. It highlights the importance of transparency and regulatory alignment in addressing public concerns, making it a must-read for stakeholders in the gaming community.