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 (WKStA). These investigations began in 2019 and include their CEO, Harald Neumann. Ainsworth has communicated these developments to gaming regulators since 2019 and has stated that no official announcement was required based on the investigations being preliminary and lacking evidence of wrongdoing.
Key Points
- The investigations involve over 100 individuals, including CEO Harald Neumann and Novomatic AG.
- Ainsworth first learned of the investigations in August 2019 and has kept regulators informed.
- The Board determined no disclosure was needed after obtaining legal advice, as investigations were preliminary.
- All but one investigation involving Mr. Neumann have been discontinued with no findings of wrongdoing.
- Mr. Neumann has been found suitable for licensing in over 100 jurisdictions despite the ongoing inquiries.
Why should I read this?
If you’re interested in the gaming industry’s leadership and accountability, this article shines a light on Ainsworth’s stance amidst ongoing scrutiny and potential implications for their CEO. It’s a crucial read if you want to stay updated on corporate governance within this sector and understand the regulatory climate affecting major gaming companies.