Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has addressed media coverage concerning investigations that began in 2019 by the Austrian Economic and Corruption Prosecutor’s Office (WKStA), involving CEO Harald Neumann and Novomatic AG. These investigations involved over 100 individuals and have been under scrutiny for several years.
The company communicated with gaming regulators upon learning of the situation in August 2019 and provided updates as required. Ainsworth clarified that it did not issue a public disclosure at the time, citing that the investigations were preliminary and lacked substantial evidence.
Key Points
- The investigations were related to matters involving multiple parties, including CEO Harald Neumann.
- Ainsworth was made aware of the investigations in August 2019 and kept regulators informed.
- The company determined no immediate market disclosure was required following legal advice.
- Only one investigation remains open, with WKStA expected to conclude soon.
- Neumann was confirmed suitable for his CEO role based on a regulatory probity investigation.
Why should I read this?
If you’re involved in the gaming industry or follow corporate governance issues, this article highlights Ainsworth’s proactive stance in managing potential reputational risks related to its CEO. Understanding these ongoing investigations could be crucial for stakeholders interested in the compliance landscape of the gaming sector.