Once you purchase the coaching, you can work as a Casino dealer that has an enormous demand throughout the gambling business. One among the big speaking factors utilized by the land-based casino trade in attempting to discourage participant participation in Online blackjack video games is that you get to socialize while you play - that the free online gaming industry is teaming with lonely people who tremendously desire their very own company to the company of others. There are three fundamental causes: First, the anticipated timing of global gaming product gross sales, together with extremely restricted North America new and enlargement activity in the primary half; Second, the influence of recent weakness of VLT wages in Italy, which we are able to extra successfully mitigate later within the year; and third, lower LMA incentives in the primary half. No. All gamers have completely different tastes, wants, and budgets, so there is no method that one sort of sport or one casino can cater to everybody. And you've got our view on the two most important parts with OI and D&A.
I have to divide it up into two components, one part that regards the outlook we have now in entrance of us without coronavirus. Important note: When a break up ends in a hand consisting of a 10-value card and Ace, the worth now counts as 21 since blackjack is just potential on the 2 original cards. On slide 13, we've got the outcomes of North America lottery phase. The underlying Euro USD rate assumption is 1.10. We are going to proceed to report and touch upon adjusted EBITDA results. Non-restricted money totaled $663 million at the end of the yr, a portion of which will probably be used to retire a $435 million, 4.75% euro bonds that mature later this week. Our debt and leverage profile is included on slide 16. During the 12 months, we diminished net debt by approximately $380 million, as reported, and over $300 million at fixed forex, with leverage enhancing to 4.31 instances from 4.47 times at the end of the prior yr. I think many staff at locals casinos perceive this and are proud of modest ideas that add up over time.
The casinos provide visitors digital pull-tab machines for their gambling enjoyment. When you employ these solid chips, you'll feel like you might be in some of the well-known casinos on the earth. Our outlook for 2020 is included here on slide 18. I'd like to first point out that the outlook we're offering today doesn't factor any potential coronavirus impact. France levies tax on gross turnover and not on profits which is a very inhibiting factor for buyers. As you may remember, on our Q3 incomes name, we estimated the gross influence of the funds regulation proposal at the time to be approximately $30 million on 2020 EBITDA. Operating revenue displays the influence of decrease jackpot activity. We've been discussing this internally for several months, and really feel this alteration higher reflects market greatest practices that are grounded in US GAAP measures and SEC guidance. Cash stream for the total year is shown on slide 17. We generated money from operations of $1.1 billion and capex of $442 million was better than the anticipated range of $450 million to $500 million. Capital expenditures in 2020 are anticipated to be between $four hundred million and $500 million, of which $350 million to $450 million is upkeep capex.
For the full year, we at present count on operating earnings of $740 million to $790 million, and depreciation and amortization of $870 million to $880 million. Operating revenue rose on the power of our terminal, software and system sales. We're now offering our outlook for working revenue and depreciation and amortization. Let me begin making an attempt to summarize how we see the outlook without factoring coronavirus. But, as you concentrate on your makes use of of capital going by way of the year, acknowledging the $four hundred million to $500 million of capex and the anticipated free cash stream era, what do you sort of see as the priorities for discretionary free cash circulation use? Good morning, Carlo. Look, to begin with, the good news is that we're centered on money circulation and we're optimistic on the results, because we still see in 2020 our money circulation technology in keeping with our expectation and in the framework we offered at our 2018 Investor Day. Now, let's turn to the International phase on slide 14. Replacement unit shipments rose 23%, primarily driven by roughly 1,600 Sweden VLTs and robust demand for the Crystal Series of cabinets, which greater than offset the massive 1,500 unit South Africa conversion sale in December of 2018. Overall, lottery similar-store income progress of 6.1% was largely pushed by strength across Europe.
Sports betting rose on a 9.1% enhance in wagers, and business providers continues to grow on the publish pay providing we launched earlier this year. Italy is on slide 15. Total income declined 3% as reported but was in line at fixed foreign money as elevated sports activities betting and commercial services income offset the affect of upper gaming machine taxes. Lower gaming machine wagers replicate reductions in return to participant, carried out to mitigate increased taxes. Dividends and return of capital funds to minorities totaled $234 million and included an accelerated return of capital to lotto JV partners of roughly $20 million. And in terms of capital allocation, our priorities haven't modified. Retreating in a game which you have a much less information is an effective strategy in choosing the best casino game for you. No free drinks at this Winaday casino whereas you are playing but $3 is a fairly good deal. Therefore, when playing offline poker be taught to acknowledge the poker fish, as his presence provides you a great advantage and a better probability of successful.