Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has responded to recent media coverage regarding investigations initiated by the Austrian Economic and Corruption Prosecutor’s Office (WKStA). These investigations, which began in 2019, involve over 100 individuals, including CEO Harald Neumann and Novomatic AG, the company’s controlling shareholder.
Ainsworth was made aware of these investigations in August 2019 and communicated with all relevant gaming regulators to ensure awareness. Despite the media reports, Ainsworth maintains that the investigations were preliminary, and no evidence has been found to support the allegations against Neumann.
It was noted that Neumann’s appointment as CEO came in October 2021, after a probity investigation found him suitable. Current updates from WKStA indicate that almost all investigations involving Neumann and Novomatic AG have been discontinued, with no wrongdoing established.
Key Points
- Ainsworth acknowledges ongoing investigations by the WKStA concerning CEO Harald Neumann and Novomatic AG.
- The company has been transparent with gaming regulators since becoming aware of the matter.
- All but one investigation has been discontinued with no findings of wrongdoing against Neumann.
- Neumann has been certified suitable for licensing in over 100 jurisdictions.
- Ainsworth continues to monitor the situation through its Regulatory Compliance Committee.
Why should I read this?
If you’re keeping an eye on industry leaders like Ainsworth and Novomatic, this article reveals crucial insights about the inquiries surrounding their CEO. It’s a timely read if you’re interested in compliance and governance in the gaming sector, especially as the clarity around these investigations could affect investor confidence and regulatory standing.
