With General Data Protection Regulation (GDPR) just around the corner, gambling companies will need to comply with new guidelines and regulations. GDPR is a new set of rules designed to give citizens more control over their data. Although GDPR does not come into effect until May 25th, 2018, gambling operators have already started preparing.
Data is a key component to competitive success within the gambling industry. This means gambling operators will be heavily affected by GDPR. There are important decisions to be made as to how personal data should be collected and stored. Outlined below, are three key changes introduced by GDPR which will affect the gambling industry.
1) Internal Governance and Responsibility
Under GDPR, there will be an increased emphasis on being able to demonstrate compliance. This consists of maintaining a record of data processing activities and associated policies and procedures.