Greek gaming operator and supplier Intralot SA saw its revenue drop by as much as 3.6 percent in the first quarter of 2016, partly due to the company’s performance in the Australasia market.

On Wednesday, the company reported that consolidated revenue for the first three months ending March reached €335.2 million compared to €347.7 million in the same period last year.

Intralot attributed the decrease in revenue to lower sales in Azerbaijan, where “the local currency suffered a severe devaluation last February and December.” The company also experienced softer sales in South America, particularly in Jamaica, Argentina and Brazil. The revenue drop, however, was partially offset by increased sales in Peru, Bulgaria in East Europe, North America, Africa and West Europe.

Intralot didn’t include its Italian operations in the calculations since it is still waiting for its merger with Gamenet, in which Intralot will receive a 20 percent share in the combined entity—to be completed. Including revenue from Italy, the group said its overall turnover would have amounted to €499.5 million, which remains flat compared to the €499.4 million reported in the same period in 2015.