BUZZ-Australia's Lottery Corp rises as Citi sees no 'untoward' impact of CEO departure

Reuters

03-24

BUZZ-Australia's <a href="https://laohu8.com/S/LTRY">Lottery</a> Corp rises as Citi sees no 'untoward' impact of CEO departure

** Shares of Lottery Corporation TLC.AX rise as much as 0.4% to A$4.830

** Entertainment services provider says CEO Sue van der Merwe intends to retire by the end of the year

** "We don't see anything untoward with the announcement considering Sue has been a part of the industry for ~35 years and successfully led the company through its demerger in 2022," - Citi

** Brokerage adds that it appreciates the firm's initiatives to enhance its game portfolio and proactive approach towards seeking an early renewal of the Victorian lottery licence, due to expire in 2028

** Citi expects the successor to continue with these strategies, which it sees as having the potential to unlock capital management

** Maintains its "Buy" rating and A$5.60 target price

** Stock down 2.5% YTD

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))

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X: @thatstanishk;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250324:nL3N3Q7015:1","article_id":"2521738743","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2521738743","pubTimestamp":1742776711,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Australia's Lottery Corp rises as Citi sees no 'untoward' impact of CEO departure** Shares of Lottery Corporation TLC.AX rise as much as 0.4% to A$4.830** Entertainment services provider says CEO Sue van der Merwe intends to retire by the end of the year** \"We don't see anything untoward with the announcement considering Sue has been a part of the industry for ~35 years and successfully led the company through its demerger in 2022,\" - Citi** Brokerage adds that it appreciates the firm's initiatives to enhance its game portfolio and proactive approach towards seeking an early renewal of the Victorian lottery licence, due to expire in 2028** Citi expects the successor to continue with these strategies, which it sees as having the potential to unlock capital management** Maintains its \"Buy\" rating and A$5.60 target price** Stock down 2.5% YTD  ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"花旗认为首席执行官离职不会产生“不利”影响，澳大利亚彩票公司股价上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TLC.AU":0.9},"content_text":"BUZZ-Australia's Lottery Corp rises as Citi sees no 'untoward' impact of CEO departure** Shares of Lottery Corporation TLC.AX rise as much as 0.4% to A$4.830** Entertainment services provider says CEO Sue van der Merwe intends to retire by the end of the year** \"We don't see anything untoward with the announcement considering Sue has been a part of the industry for ~35 years and successfully led the company through its demerger in 2022,\" - Citi** Brokerage adds that it appreciates the firm's initiatives to enhance its game portfolio and proactive approach towards seeking an early renewal of the Victorian lottery licence, due to expire in 2028** Citi expects the successor to continue with these strategies, which it sees as having the potential to unlock capital management** Maintains its \"Buy\" rating and A$5.60 target price** Stock down 2.5% YTD (Reporting by Kumar Tanishk in Bengaluru) ((Tanishk.Kumar@thomsonreuters.com; 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