Online poker site BugsysClub was created by a group of private investors and launched in 2003. Unfortunately it failed to gain a large anough customer field to continue operating. PokerStars has come to tale over 180,000 players and secure their winnings.

PokerStars and BugsysClub signed a deal which states that PokerStars will take over all BugsysClub player accounts so that they do not lose their funds.

"We are saddened by the events that have lead to the closing down of the BugsysClub card room. However, we are delighted that PokerStars, the world's largest online poker site has come forward to continue taking care of our players personally." said Brian Baker, BugsysClub's CEO.

PokerStars invites all players from BugsysClub to transfer their balances and will offer some freeroll tournaments to welcome players from BugsysClub to the PokerStars community.