IGT saw revenues increase nine per cent in the third quarter of the 2012 fiscal year.

The US-based slot giant recorded revenues of $533m, compared with $489m in the corresponding three-month period in 2011. This was attributed to the company’s interactive business and North American machine sales.

Operating income fell 32 per cent, however, from $140.8m to $95.5m. 

"Our third quarter revenue growth and strong cash flows are reflective of our diverse business model,” said Patti Hart, CEO of IGT. “Against the backdrop of an inconsistent global economic recovery, we are generally pleased with this quarter's results and remain on track to meet our fiscal year 2012 financial goals.

"The recent announcement of our $1bn share repurchase is further evidence of our confidence in the outlook for IGT."