Ainsworth Comments on Historical Investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology is addressing recent media articles regarding investigations initiated in 2019 by the Austrian Economic and Corruption Prosecutor’s Office (WKStA). These investigations involve over 100 individuals, including Ainsworth’s CEO Harald Neumann and its controlling shareholder Novomatic AG. Ainsworth has kept regulators informed throughout these proceedings.
Key Points
- The investigations were made public in August 2019, with Ainsworth promptly communicating with gaming regulators.
- Neumann was a non-executive director when the investigations began but has since become CEO.
- Ainsworth determined that no announcement to the ASX was necessary based on legal advice, as there was insufficient evidence.
- Most investigations involving Neumann and Novomatic AG have been discontinued, with no findings of wrongdoing.
- Neumann has been found suitable for licensing in over 100 jurisdictions despite the investigations.
Why should I read this?
If you’re curious about corporate governance and regulatory compliance in the gaming industry, this article sheds light on how Ainsworth managed scrutiny over its CEO. It’s a good read if you want to understand behind-the-scenes business operations and the implications for stakeholders.