Stryyke Lose License, Director Faces Charges

The Lotteries and Gaming Authority (LGA) in Malta has announced it has suspended the Class 2 gaming license held by Stryyke, an online sportsbook based in the territory.

At the same time, the director of the online gambling company, Rajiv Giri, 40, was charged with defrauding people of €50,000. Giri has pleaded not guilty to all charges.

Both events have taken place while online gambling forums have heated up with accusations of the sportsbook for not paying out winnings, accusations that have not be addressed by sportsbook operators and have spilled over to stain the Malta licensing authority's reputation.

LGA Announcement

The Class 2 license suspension of Stryyke Malta Limited does not state any causes. It dryly states:

"The Lotteries and Gaming Authority (LGA) hereby notifies that the licenses held by the company Stryyke Malta Limited have been suspended."

It does go on to mention that the company's online Casino operations were not being operated under a Maltese license.

Styyke's Defense

Stryyke's director has claimed the outstanding amount of unpaid winnings is €6,000, which is held back for reasons of missing proper methods of identification by the winners.

Accusations

Players seem to have had repeated bad experiences with Stryyke. Words such as "thieves", "worse than rogue" and "enjoying openly stealing depositor's money" are voiced on discussion boards.

Players are encouraged to submit their claims on LGA's website.