Leading gaming technology group Novomatic has said that it expects full year revenue for 2017 to be 10 per cent ahead of the prior year at more than €4.8bn.

The company attributed the strong growth to recent strategic acquisitions, with Novomatic now holding a stake in approximately 300 companies, around 230 of which are consolidated in its balance sheet.

“Having grown a lot over the past few years, we will this year focus on increasing synergies between companies and, correspondingly, on more effective internal structures,” said Novomatic chief executive Harald Neumann. “Nevertheless, we will continue to watch the market and make purchases, where it makes sense.”

The record revenue performance includes results from Novomatic’s Swiss-based businesses, ACE Casino Holding AG and Gryphon Invest AG, with the group now employing a record 29,500 staff.