Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has addressed recent media reports concerning investigations that began 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 controlling shareholder Novomatic AG.
The company became aware of these investigations in August 2019 and has kept gaming regulators informed throughout the process. Ainsworth stated that, despite not typically commenting on media speculations, it did review its obligations and determined no announcement was necessary due to the preliminary nature of the investigations.
Mr Neumann, who was a non-executive director before becoming CEO in October 2021, has been found suitable by regulators in over 100 jurisdictions. The investigations are a matter of public record, and current indications suggest that nearly all have been discontinued with no findings of wrongdoing.
Key Points
- Ainsworth addressed media articles regarding investigations involving CEO Harald Neumann.
- The investigations were initiated by the WKStA in 2019, concerning over 100 individuals.
- Ainsworth’s Board communicated with gaming regulators to keep them updated on developments.
- The company determined that public disclosure was not required given the preliminary nature of the investigations.
- All investigations except one have been reported as discontinued, with no wrongdoing found.
Why should I read this?
If you’re interested in the intersection of corporate governance and regulatory scrutiny in the gaming industry, this is a must-read. Ainsworth’s proactive communication about these investigations highlights the importance of transparency in maintaining investor confidence, especially in a field where reputational risks can be significant. Don’t miss out on this insightful look into the ongoing challenges faced by industry leaders!