The European Gaming and Betting Association (EGBA) has expressed its concerns regarding Britain’s exit from the European Union.
It stated that Brexit had many unresolved issues that might have an impact on the online gambling industry in the region.
EGBA is particularly concerned about the data flow which falls short of safeguarding the industry after Britain finally leaving the bloc on Dec. 24.
Notably, the interim agreement of data transfers between the EU and the UK is set to expire in less than six months and the failure to manage such data could lead to complications for online gambling companies
As per Gambling Insider, EGBA secretary general Maarten Haijer said: “At this stage, we consider the most concerning outstanding issue with Brexit to be the question of cross-border data flows, given the vast amounts of data used in the online gambling sector and the many companies which have operations in both the EU and UK.
“Without a long-term agreement which secures the smooth flow of data, online gambling companies who operate in both jurisdictions would need to decide, among other things, where best to locate their data hubs to ensure as little disruption as possible to their everyday operations.”