Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has responded to recent media articles about investigations launched by the Austrian Economic and Corruption Prosecutor’s Office (WKStA) regarding over 100 individuals, including their CEO, Harald Neumann. These investigations, dating back to 2019, have created a buzz in the gaming industry.
The company became aware of these investigations in August 2019 and took necessary steps, including communicating with regulators. Their stance is that Mr Neumann, at the time a non-executive director, was cleared for the CEO position after thorough checks.
Key Points
- Ainsworth acknowledges ongoing investigations into CEO Harald Neumann by WKStA since 2019.
- All but one investigation concerning Mr Neumann and Novomatic AG have been dropped without findings of wrongdoing.
- Ainsworth confirmed they maintained communication with regulatory bodies regarding the situation.
- The board of Ainsworth deemed no immediate disclosure necessary, based on preliminary investigation findings.
- Mr Neumann has been licensed and approved in over 100 jurisdictions, emphasizing regulatory suitability.
Why should I read this?
If you keep an ear to the ground in the gaming world, this article lays out the facts behind recent buzz about Ainsworth’s CEO and regulatory investigations. Knowing the ins and outs might save you from getting lost in the speculation and give you a better understanding of the corporate landscape in this industry. Trust us, it’s worth knowing!