Fitzdares Explained

Fitzdares
Founder:Balthazar Fabricius
Headquarters:London
Leader Title:William Woodhams

Fitzdares is a British bookmaker established in 2006 by Balthazar Fabricius, with financial backing from Zac Goldsmith, Ben Goldsmith and James Osborne.[1] [2]

History

Fitzdares' founder Fabricius worked in the different departments of Ladbrooks' betting business for three and a half years after qualifying for their graduate scheme.[1] [3]

In 2005, Fabricius approached Zac and Ben Goldsmith with his idea, proposing a bookmaker that would emphasise exclusivity and personal relationships. At the time, the majority of large bookmakers were moving their operations online, and Fabricius felt that a high-spending minority of sports fans would favour a upmarket bookmaker over a mass-market betting shop.[1] The Goldsmiths liked the idea and backed it financially. Fitzdares obtained its gambling license in December 2005 and became operational in March 2006.[1]

In 2016, Fitzdares acquired telephone bookmaker Sunderlands, who had previously bought T Guntrip, dating back to 1882.[4] [5] Fitzdares appointed William Woodhams as its CEO in 2018.[2] Previously, Woodhams had worked for the French luxury goods conglomerate Moët Hennessy Louis Vuitton and a marketing consultancy advising other luxury brands.[2] Since Woodhams' appointment the company launched a sports betting app.[2] [6] [7]

In 2020, Fitzdares opened a private sports and betting venue on Davies Street, London's Mayfair area. The club served approximately 2,000 members.[7]

Notes and References

  1. Web site: Raising the stakes . Foulkes . Nick . 2013-10-29 . GQ.
  2. Web site: Inside the world’s poshest bookies . Reid . Jamie . 2020-10-12 . Financial Times.
  3. Web site: Fitzdares: a safe bet . Fabricius . Balthazar . 2017-11-17 . The Week.
  4. Web site: The bookmaker’s new home: ‘the world’s most luxurious sports bar’ . 2024-12-17 . Country and Town House.
  5. Web site: Old-fashioned values . Oakley . Robin . 2016-09-03 . 2016-03-09 . The Spectator.
  6. Web site: Inside Fitzdares - The world’s most luxurious sports club . Lawler . Danielle . 2020-08-14 . 2024-12-17 . Tatler.
  7. Web site: ‘World’s poshest bookies’ Fitzdares on the hunt for new home . Griffiths . Robbie . 2023-01-05 . 2024-12-17 . The Standard.