** 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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