Harald Neumann Resigns as Ainsworth CEO Amid Nevada License Controversy
Unexpected Leadership Change at Ainsworth Game Technology
Ainsworth Game Technology (AGT) has experienced a sudden leadership change following the resignation of its CEO, Harald Neumann. The company officially announced this development in a filing with the Australian Securities Exchange. Neumann’s resignation comes shortly after the Nevada Gaming Control Board (NGCB) advised him to withdraw his application for the renewal of a critical gaming license in the United States.
Strong Criticism from Nevada Gaming Authorities
The NGCB’s decision effectively prevented Neumann from continuing to manage AGT’s operations in Las Vegas, a vital location for the Australian slot machine manufacturer. This marks a significant shift for Neumann, who assumed the CEO role in 2021 following a long tenure at Novomatic AG Austria, a prominent European gaming technology company.
Although Neumann aimed to grow AGT’s presence, his leadership faced increasing regulatory challenges. The license review process in Nevada became particularly problematic after NGCB officials labeled his behavior as hostile and misleading, accusing him of not fully disclosing important personal information.
“You must be a person of good character, honesty, and integrity. The evidence here does not support such a conclusion.”
Chandeni Sendall, NGCB Board Member
Rather than officially rejecting his application, which would have placed Neumann on Nevada’s industry “grey list,” the NGCB recommended that he voluntarily step down. Further complicating his position are ongoing legal inquiries in Austria, where prosecutors allege Neumann attempted to gain political favors from far-right groups.
AGT’s Swift Leadership Transition and Future Outlook
AGT has appointed current COO Ryan Comstock as interim CEO during the search for a permanent successor. The company has indicated that both internal and external candidates will be considered. Comstock, based in Las Vegas, is viewed as a reliable leader familiar with AGT’s technology and international operations.
A thorough search will be conducted to find a permanent CEO.
AGT official statement
Neumann’s departure occurs at a sensitive time, as AGT strives to restore public confidence and strengthen its financial performance within a challenging global gaming market. AGT chairman Danny Gladstone acknowledged Neumann’s contributions but emphasized that regulatory compliance is crucial for company leadership. Gladstone stated that a leader under such scrutiny could not continue in the role.
Industry analysts expect Ainsworth to prioritize stability and transparency in its regulatory dealings as it selects new leadership. Kjerulf Ainsworth, son of founder Len Ainsworth and a major shareholder, stressed that maintaining a strong reputation in the US market is essential and that unresolved licensing matters cannot be allowed to jeopardize the company. Despite these difficulties, the situation presents AGT with an opportunity to reinforce its global standing.
