Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has responded to recent media coverage regarding ongoing investigations involving its CEO Harald Neumann. The Austrian Economic and Corruption Prosecutor’s Office initiated these investigations in 2019, looking into more than 100 individuals, including Neumann and Novomatic AG, Ainsworth’s controlling shareholder.
The company became aware of the issues back in August 2019 and has kept gaming regulators informed throughout the process. Ainsworth clarified that, although they do not typically comment on market speculation, they have provided updates about the investigations as required by their compliance obligations.
The investigations commenced before Neumann’s appointment as CEO in October 2021 and recent updates indicate that almost all investigations involving him have been closed without any wrongdoing found.
Key Points
- Ainsworth acknowledges media reports about the WKStA investigations into CEO Harald Neumann.
- Investigations began in 2019 targeting over 100 individuals, including Neumann.
- Ainsworth communicated with regulators and provided updates as part of their compliance responsibilities.
- Most investigations involving Neumann have been closed without findings of wrongdoing.
- The investigations occurred before Neumann’s role as CEO, which started in October 2021.
Why should I read this?
If you’re into the gaming industry or follow corporate governance closely, this article is a must-read! Ainsworth’s transparent communication regarding these investigations and the confirmation of Neumann’s suitability as CEO sheds light on regulatory practices and company accountability in gaming operations.