Online poker site Bugsy’s Club has decided to throw in the towel and sell their player list to PokerStars.

From the Bugsy’s Club site:

Dear Bugsy’s Club Player,

Firstly, we would like to take this opportunity to thank you for your continued support of the Bugsy’s Club Poker Room. Since Bugsy’s Club was formed, our mission statement has always been that we will offer you ‘The Best Poker Games in Town’ and that ‘We will take care of you Personally’. We are proud to say that these are goals we feel we have consistently exceeded, providing you with a great place to enjoy poker.

Unfortunately, due to circumstances beyond our control with regards to banking facilities, it is with regret that we have to announce it is no longer viable for the Bugsy’s Club Poker Room to continue our business operations. However, we are delighted to inform you that Bugsy’s Club have reached an agreement with the world’s largest online poker site, PokerStars.com, to allow all Bugsy’s Club players to transfer your account balance over to their site.

Through the agreement we have reached with PokerStars, your player balances will be transferred to them. Regrettably, your Bugsy’s Bonus Points (BBPs) are not able to be transferred from the Bugsy’s Club Poker Room.

While this transitional period occurs, you will still be able to contact PokerStars support at bugsysclub@pokerstars.com with any questions you may have with regard to this procedure. Please go to https://www.pokerstars.com/welcomebugsysclub/index.html in order to initiate your transfer from BugsysClub to PokerStars. You will be receiving a welcome email from PokerStars during the next few days.

Please note: Prior to the close on the 24th March BugsysClub paid out the full monthly league payouts. It did not pay the weekly leagues that started on March 22nd. This will be reflected in your final balance that can be transfered to PokerStars.

Once again, we would like to thank you for supporting the Bugsy’s Club Poker Room, but we are confident that PokerStars will provide you with an exceptional level of service so you can continue to enjoy playing poker.

PokerStars are a highly reputable poker site that is fully equipped to meet the original mission statement set out by Bugsy’s Club Poker Room. They are trustworthy, quick to handle cashouts and offer an outstanding level of customer support. In short, they fully deserve their reputation as the best online poker site around. We are delighted to have been able to make these arrangements with them as we know we are leaving you in the best possible hands.

The management and staff of BugsysClub