Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has responded to recent media reports regarding investigations initiated by the Austrian Economic and Corruption Prosecutor’s Office (WKStA) into over 100 individuals, including CEO Harald Neumann. The investigations, which began in 2019, prompted Ainsworth to inform gaming regulators and maintain compliance. Despite the ongoing inquiries, updates indicate that most probes involving Mr Neumann and Novomatic AG have been discontinued, with no findings of wrongdoing.
Key Points
- Ainsworth acknowledged investigations from 2019 into more than 100 individuals.
- The company has kept gaming regulators informed throughout the process.
- Mr Neumann was a non-executive director during the commencement of these investigations.
- Legal advice concluded that no ASX announcements were necessary, given the preliminary nature of the inquiries.
- Current updates reveal that all but one inquiry regarding Mr Neumann has been dropped.
Why should I read this?
If you’re interested in the gaming industry and corporate governance, this article reveals crucial developments that could affect public perception and regulatory standings of Ainsworth. There’s more than meets the eye, and staying abreast of these investigations could shed light on broader industry implications.