Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology addressed recent media articles regarding investigations initiated by the Austrian Economic and Corruption Prosecutor’s Office (WKStA) in 2019 involving over 100 individuals, including CEO Harald Neumann and Novomatic AG, the company’s controlling shareholder.
The company became aware of these investigations in August 2019 and communicated with gaming regulators accordingly. It noted that while it typically doesn’t comment on speculation, it had clarified its disclosure obligations at that time, and no announcement was deemed necessary.
In updates, Ainsworth mentioned that all but one investigation against Mr. Neumann and Novomatic AG were discontinued with no findings of wrongdoing. The remaining investigation is expected to conclude shortly.
Key Points
- Ainsworth acknowledges investigations by WKStA into CEO Harald Neumann commenced in 2019.
- Regulatory compliance updates were regularly communicated to gaming regulators.
- No conclusive evidence of wrongdoing has been found against Neumann or Novomatic AG in most cases.
- Neumann was cleared to take CEO position in 2021 after a probity investigation.
- The investigations have become a matter of public record without any significant findings against the company.
Why should I read this?
If you’re in the gaming industry or just curious about corporate governance, this article sheds light on a significant case involving Ainsworth’s CEO that raises questions about regulatory practices and corporate transparency. It’s a relevant read that helps you grasp the ongoing implications of corporate investigations.
