General Betting
There is currently 1 person viewing this thread.
http://www.fitzdares.com/
Fitzdares say:
* they have 5 000 telephone clients turning over £80 to £90 million annually at 5% net margin, with a large proportion of "high rollers"
* just 6 or 7 employees
* they have been offered £4 million for the business, but are looking for £10+ million.
Fitzdares is fronted by Balthazar Fabricius whose father is Rod Fabricius, CEO (or similar) at Goodwood.
On the plus side:
- if the numbers and their customer database are for real, they have a nice business;
- they are crying out for online and mobile distribution channels + additional products (casino, poker) to enhance revenue.
On the minus side:
- privately held telephone-based business, how do we know the numbers are true? This would be an easy business to ramp;
- will everyone at Fitzdares be able to resist the temptation to take a copy of the customer database with him on a data-stick?;
- can the staff be tied in?
Expressions of interest to topkat37@**.co.uk please
Fitzdares say:
* they have 5 000 telephone clients turning over £80 to £90 million annually at 5% net margin, with a large proportion of "high rollers"
* just 6 or 7 employees
* they have been offered £4 million for the business, but are looking for £10+ million.
Fitzdares is fronted by Balthazar Fabricius whose father is Rod Fabricius, CEO (or similar) at Goodwood.
On the plus side:
- if the numbers and their customer database are for real, they have a nice business;
- they are crying out for online and mobile distribution channels + additional products (casino, poker) to enhance revenue.
On the minus side:
- privately held telephone-based business, how do we know the numbers are true? This would be an easy business to ramp;
- will everyone at Fitzdares be able to resist the temptation to take a copy of the customer database with him on a data-stick?;
- can the staff be tied in?
Expressions of interest to topkat37@**.co.uk please
sort by:
Show
per page
Replies: 15
|
By:
milking sidelines such as casino/poker do not fit with their brand
5000 clients sounds a bit toppy, how many of those have not placed a bet in last 3 months? why are they selling it? the numbers don't make sense to me, my guess is that they are struggling to maintain turnover this might be due to a very small number of whales skewing their figures enormously, who might have decided not to use fitzdares any more for whatever reason, or the bookies they were passing the bets on to are not able to play in their size any more due to tight economic picture seen a handful of profit warnings from big books in recent months |
|
By:
Where did you get this info Topkat ? I have an account with Fitzdares and haven't heard anything
|
|
By:
Interesting link to Goodwood which must be the most anti-bookmaker track in the UK.
|
|
By:
I will offer £20,000, but for that I want 40% of the business.
|
|
By:
industry grapevine billy
|
|
By:
Any company that markets itself as a bespoke bookmaker is a load of sh1t. What on earth is the difference between a bespoke bookmaker and a non bespoke bookmaker?
|
|
By:
Perhaps betfair could step in. Provided the high rollers start drip feeding a couple of weeks before the event starts .... On second thoughts, fk betfair.
|
|
By:
deadly i tend to agree
that whole goodwood / tweedy / etonian nonsense gets on my nerves i used to work near the offices of a concierge company called quintessentially; a bigger bunch of pretentious toss-pots you could not meet "bespoke" has lost its original meaning and become one of those phony words, like "exclusive" (don't you mean "expensive"?) |
|
By:
http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/6106165/Balthazar-Fabricius-a-favourite-with-high-rollers.html
Says "more than 600 customers" which I suppose could mean 5000, but unlikely. |
|
By:
"His links with the Goldsmiths go back to when he met Zac's brother, Ben, at the Ladbr0kes World Spoofing Championships..."
this really is contained in the telegraph article above, has feck managed to purloin a position inside the media? |
|
By:
The business appears to based on the social circles and social network the owners socialise in. Put new owners in and what's the business worth?
If I bought it I'd want a clause that the current owners don't invest in any gambling venture in the next 5 years. |
|
By:
anyone heard anything?
was anyone stupid enough to buy them? |
|
By:
Deadly Earnest spot on-all this "bespoke" thing a load of ****.
|
|
By:
Having tried getting bets on with a supposed "bespoke" bookmaker that does plenty of advertising and being offered nothing-yes nothing!-I'm happy to wager with "non bespoke" bookmakers now.And these bets are in no way arbs or tipping line selections.Really,the advertising agencies should look at some of these adverts appearing in the Post.
|
|
By:
'We do lay a bet'. Yes, they lay bets to mugs, at a price where they can get out if it looks like going sour on them.
Liabilities management (personnel and mechanisms) and an internet channel cost money. The big bm s that have them are profitable and have reinvested in their business. Smaller bm s want to take fewer risks, as they will find it harder to hedge these, thus to take fewer bets from fewer customers. |