During the month, a number of industry manufacturers released financial results for the period ending December 31, 2015. Selected company highlights below suggest mixed results for key players in the industry.
On a pro forma, constant currency basis, International Game Technology PLC (IGT) reported total revenue of $5.1 billion in calendar year 2015, which represents a decline of 4 percent compared to 2014. In the fourth quarter of 2015, IGT reported revenues of $1.4 billion, up 5 percent over the same quarter of the prior year, due to strong gaming product sales, a stabilizing global casino installed base and lottery growth. The company shipped 11,562 machines in the fourth quarter of 2015, which was up 21.3 percent from the prior year, due to a 94.4-percent gain in new and expansion units. However, the total installed based declined 6.1 percent year-over-year, falling to 58,350, partially due to a 7.9-percent decline in the casino installed base.
Everi Holdings, Inc. (EVRI) reported fourth quarter 2015 revenues of $204.4 million, up 34.4 percent over the same period of the prior year. Of that revenue, $50.5 million came from Everi's games segment, which reported a 5.2-percent increase year on year. Everi's payments segment increased revenues by approximately 6.4 percent, rising to $153.9 million during the latest period. One major contributor to this growth was a 13-percent increase in ATM revenue to $77.0 million as a result of higher transaction volume due to the acquisition of ATM portfolios in the third and fourth quarter of 2015.
Everi is now the first company in the casino industry to offer an EMV (chip-based) solution for signature-based transactions performed on ATM devices or fully integrated kiosks. All of the company's financial transaction devices, platforms and systems are now fully end-to-end EMV-compliant.
Galaxy Gaming, Inc. (GLXZ) reported fourth quarter 2015 revenue of $2.9 million, which represents a gain of 13 percent over the same quarter one year ago. The company reported total revenue of $11.0 million for calendar year 2015, which represents an increase of 11 percent year on year. Galaxy Gaming's revenue increases were primarily attributed to the additional placement of premium games, which command higher pricing points, as well as the company's expansion into new territories.
TransAct Technologies (TACT) reported net sales of $12.1 million in the fourth quarter of 2015, which is a 1.6-percent decrease from the fourth quarter of 2014. During the period, casino and gaming sales declined 9.7 percent to $4.5 million, while lottery sales fell 56.7 percent to $701,000. Despite declines in the latest quarter, net sales for 2015 reported an increase of 12.4 percent, coming in at $59.7 million for the year. Annual gains were partially attributable to lottery sales nearly doubling in 2015 to $9.5 million. However, casino and gaming sales were down for the year, falling 4.3 percent to $21.8 million.