International Game Technology (IGT) saw a 12 per cent pro forma decrease in revenues in 2015, a year in which the company was merged with Gtech.

In its final results for the 12 months to December 31, the gaming and lottery systems company said full-year revenue - including Gtech and legacy IGT for the period prior to the second quarter of 2015 - amounted to $5.1bn (€4.5bn), which represents a loss of 12 per cent on the $5.8bn posted in the previous year.

Pro forma adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) came in at $1.7bn, a drop of 16 per cent year-on-year.

Operating income for the year amounted to $533m, a decrease of 51 per cent on 2014, while adjusted operating income was down by 19 per cent to $1.1bn.

Reported revenue was up 23 per cent to $4.7bn, with adjusted EBITDA up by 16% year-on-year to $1.6bn. Reported adjusted operating income increased 22 per cent to over $1bn, although operating income was down 24 per cent year-on-year to $540m.

Marco Sala, chief executive of IGT, said: “We ended a year of transformation with a strong quarter for our lottery and gaming operations, enabling us to reach the high end of our EBITDA guidance.

“We established IGT as the global gaming leader with a commitment to being a customer-first organisation and to deliver the content, technology, and expertise that drives player demand.

“We are confident that we have established a solid foundation from which we can continue to lead the gaming industry and grow our business.”