Australian slot machine supplier Ainsworth Game Technology has announced the appointment of Dr Haig Asenbauer – an Austrian lawyer and Deputy Chairman of its largest shareholder Novomatic – as a non-executive director.
According to details filed with the ASX on Wednesday, Dr Asenbauer is currently a partner of Austrian law firm Asenbauer Rechtsanwaelte GmbH in Vienna, Austria. He has held the position of Deputy Chair of the supervisory board of Novomatic AG, which holds a 52% stake in Ainsworth, since June 2021.
In its filing, Ainsworth noted the potential for conflicts of interest to arise given Dr Asenbauer’s relationship with its majority shareholder, explaining that “strict governance protocols” will be initiated to ensure he does not participate in any matters that could be perceived to reflect a conflict of interest.
“We welcome Dr Asenbauer as a non-executive director of Ainsworth Game Technology,” said Ainsworth Chairman Danny Gladstone.
“Given his extensive knowledge of international gaming gained through his experience at Novomatic AG we believe he will complement the Board’s current skills and provide added value to Board deliberations.”
Ainsworth recently reported a 23.4% year-on-year revenue increase to AU$124.1 million (US$84 million) for the six months to 31 December 2022, with gains across all jurisdictions.
