• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Saturday 6 September 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
No Result
View All Result

Ainsworth says ASX market announcement on allegations against CEO Neumann were unnecessary

Ben Blaschke by Ben Blaschke
Mon 16 Jun 2025 at 14:29
Ainsworth flags 1H25 revenue growth on Australian market strength but Novomatic takeover facing opposition by family of founder
17
SHARES
414
VIEWS
Print Friendly, PDF & Email

Australian supplier Ainsworth Game Technology (AGT) says it did not feel obliged to inform the market of bribery allegations aired against its CEO, Harald Neumann, by media outlets in his home nation of Austria prior to his appointment because those allegations were not supported by “factual evidence”.

AGT addressed the issue on Monday via an ASX filing after the Australian media last week picked up on the historical reports related to investigations into Neumann and his former company Novomatic AG by Austria’s Public Prosecutor’s Office for suspected bribery and illicit political funding. It had been alleged that Neumann, who served as CEO of Novomatic from 2014 until he stepped down in early 2020, offered donations to a political party in return for support from officials on policy that could be beneficial to the company. Neumann has denied all allegations.

AGT responded on Monday to the issue finally making headlines in Australia by stating that it informed all gaming regulators of the allegations back in 2019, when Neumann was one of its directors, to ensure that they were aware of the investigations and subsequently provided periodic updates on the status of the investigations in accordance with the company’s licensing and compliance procedures.

However, AGT said it did not believe an ASX announcement was required at the time “because the investigations were insufficiently definite and preliminary in nature with no factual evidence that would justify the allegations.

“As part of its ordinary course of business in complying with its regulatory obligations and to determine whether any change in circumstances might require disclosure to the market, the Ainsworth Board regularly monitors the matter through its Regulatory Compliance Committee (RCC). The RCC also receives regular updates from legal representatives acting for both Novomatic AG and Mr Neumann,” it added.

On the issue of Neumann’s appointment as AGT CEO some two years after the Austrian allegations were first aired, the company said, “Following a probity investigation conducted by the Compliance Division, the RCC recommended that Mr Neumann was suitable from a regulatory standpoint to be considered for the CEO position.

“Mr Neumann is licensed and has been found suitable in over 100 jurisdictions where licensure is required, with full knowledge of the investigations.”

The company reiterated that, according to information it had received from Austria’s Public Prosecutor’s Office, all except one of the investigations involving Neumann and Novomatic have been discontinued.

“Current information available on the one remaining investigation indicates that Public Prosecutor’s Office will finalise its examination on the established facts prior to submitting its proposal to the necessary Austrian regulatory authorities for approval to have this last investigation discontinued,” it said.

Inside Asian Gaming noted in an article published early Monday morning that the timing of the allegations is curious given a looming shareholder vote on a potential takeover by Novomatic of all AGT shares it doesn’t currently own. The company currently holds a controlling 52.9% stake in AGT.

Last month Kjerulf Ainsworth – the sixth son of company founder Len Ainsworth and AGT’s second largest individual shareholder with a 12% stake – revealed that he and his mother were hatching a plan to stop the takeover from going ahead, telling the Australian Financial Review, “

“We’ve got money to go and throw some serious punches. It’s hard not to be motivated if you see two- or three-dozen shareholders all getting stiffed.”

RelatedPosts

Ciarán Carruthers: Crowning glory

Crown Resorts rolls out AI to improve player protection abilities

Fri 5 Sep 2025 at 05:37
The Star Sydney’s casino license in limbo as final report from second inquiry handed to regulator

Son of Star’s largest shareholder joins Star Entertainment Group board as non-executive director

Sun 31 Aug 2025 at 09:16
Australia’s Star Entertainment Group says available cash halved in December 2024 quarter as liquidity crunch bites again

Star Entertainment Group falls to AU$471.5 million loss in FY25 as remediation, regulatory hurdles continue to bite

Fri 29 Aug 2025 at 07:38
Asia market roundup

Asia market roundup

Thu 28 Aug 2025 at 12:26
Load More
Tags: Ainsworth Game TechnologyASXAustraliaAustralian Securities ExchangeHarald NeumannNovomatic
Share7Share1
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Flipping the script

Editorial – Flipping the script

by Ben Blaschke
Thu 28 Aug 2025 at 12:30

This month represents an important milestone for Inside Asian Gaming as we launch IAG EXPO – an expansion of the...

Asia market roundup

Asia market roundup

by Ben Blaschke
Thu 28 Aug 2025 at 12:26

Inside Asian Gaming takes a deep dive into the state of Asia-Pacific’s key gaming markets: who’s hot, who’s not and...

Rewriting the rules

Rewriting the rules

by Newsdesk
Thu 28 Aug 2025 at 11:43

IAG EXPO, taking place at Newport World Resorts from 8 to 10 September, is not your usual trade show. IAG...

Test of character

Test of character

by Newsdesk
Thu 28 Aug 2025 at 11:28

Since its establishment in 1989, Gaming Laboratories International (GLI) has developed into the world’s most trusted name when it comes...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
NWR

Related Posts

IAG announces 19 sponsors of IAG EXPO’s Manila After Dark Official Welcome Event at Newport World Resorts on Monday 8 September

IAG announces 19 sponsors of IAG EXPO’s Manila After Dark Official Welcome Event at Newport World Resorts on Monday 8 September

by Newsdesk
Fri 5 Sep 2025 at 10:26

Inside Asian Gaming is delighted to announce a total of 19 sponsors for Manila After Dark (MAD) next Monday 8 September – the official welcome event for IAG EXPO, taking place at Manila’s Newport World Resorts. Running from 8 to 10 September,...

MGM Cotai

Bill Hornbuckle: Macau promotional environment now locked in place despite rapid return of VIPs

by Ben Blaschke
Fri 5 Sep 2025 at 06:45

Macau’s notoriously aggressive promotional environment has settled into a rhythm, according to MGM Resorts CEO and President Bill Hornbuckle – despite competition in the premium gaming segments rising as former junket players return to the city in swathes. Hornbuckle discussed...

AGEM Index up 14.4% in October on Aristocrat, Light & Wonder stock price gains

AGEM Index grows 5% in August as Konami, Aristocrat show strong stock performance

by Newsdesk
Fri 5 Sep 2025 at 05:56

The AGEM Index – a monthly stock performance guide comprising 10 global gaming suppliers – grew by 5.0% month-on-month or 93.66 points to 1,983.73 points in August, with Konami seeing the largest positive contribution. Konami had only last month been...

A New Macau

Macau GGR now seen hitting US$31.8 billion as Jefferies again upgrades 2025 revenue forecast

by Ben Blaschke
Fri 5 Sep 2025 at 05:40

Investment bank Jefferies has again upgraded its Macau GGR forecast for 2025, with analysts now expecting gaming revenues to reach MOP$248 billion (US$31.8 billion) – revised upwards from its previous forecast of MOP$237 billion (US$29.3 billion). In a note, Jefferies...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English