KPMG selected to help Virgin win lottery from Camelot.
KPMG Consulting has been called the ‘best’ for the job after being named as project manager for the high-profile attempt by Richard Branson to take over the National Lottery, writes Gavin Hinks. The Big Five firm, which will help Virgin try and win the lottery from Branson’s arch rival Camelot, was this week praised by John Jackson, the man heading up the People’s Lottery bid. The endorsement comes just a month before all bids are made public. Jackson said: ‘We went to a number of companies and KPMG, we felt, were the best people for the job.’ KPMG will occupy a unique position in the race for the lottery as the Virgin bid is not constructed as a consortium. The firm will only act as a service provider to Virgin, and not a partner. The lottery project extends an already close relationship. KPMG recently implemented an IT system for Branson’s Virgin Vie, and in 1997 a survey by KPMG voted Branson ‘best British business leader’. Co-ordinating the technical aspects of the bid, KPMG’s key role will be to oversee the delivery of services supplied to Virgin to run the lottery. This may include working with AWI, one of the world’s largest lottery system providers. Camelot and Virgin are the only known bidders for the lottery though seven letters of intent to compete for the lottery have been received.
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceGlobal spend on accountancy outsourcing up by 40% in the space of five years. News comes as accountancy outsourcing specialist AdvanceTrack reports en...
View articleFollowing a profitability review, Deloitte has decided to scale back its UK deals business due to lower returns. This strategic shift could lead to jo...
View articleUK-based Dow Schofield Watts (DSW), a mid-market professional services network, announced the creation of a new division called DSW Principal Partners...
View articleEY has been undergoing significant cost-cutting measures and streamlining its operations since the abandonment of Project Everest. The firm has made t...
View articleTransitioning from an accounting firm to a consultancy model is only one part of the puzzle. The next, equally vital piece is making the market aware ...
View articleThis framework, while providing a top-line view, underscores the importance of strategic vision, operational excellence, and the spirit of continuous ...
View articleLooking ahead, the Big 4 firms face a challenging year, with ongoing cost-of-living concerns, slow economic growth, rising geopolitical tensions, and ...
View articleLast month it was reported that Deloitte would be cutting approximately 1,200 jobs in the United States, making it the latest of the Big Four accounti...
View article