GTECH Holdings Corporation Completes Exchange Offer for Senior Notes

GTECH Holdings Corporation Completes Exchange Offer for Senior
Notes 


WEST GREENWICH, R.I., May 19  /PRNewswire-FirstCall/ -- GTECH Holdings
Corporation (NYSE:GTK) announced today that it has completed its offer to
exchange up to $150,000,000 aggregate principal amount of its 4.50% Senior
Notes due 2009 and up to $150,000,000 aggregate principal amount of its 5.25%
Senior Notes due 2014 (the "original notes") for 4.50% Senior Notes due 2010
and 5.25% Senior Notes due 2014 which have been registered under the Securities
Act of 1933.  The exchange offer expired at 5:00 p.m., Eastern Time, on May 18,
2005.

As of the expiration of the exchange offer, $300,000,000 aggregate principal
amount of the original notes, representing 100% of the outstanding original
notes, had been validly tendered and not withdrawn.  All original notes
tendered with respect to the exchange offer on or prior to the expiration date
were accepted for payment.

GTECH, a leading global information technology company with over $1 billion in
revenues and 5,300 people in over 50 countries, provides software, networks,
and professional services that power high-performance, transaction processing
solutions.  The Company's core market is the lottery industry, with a growing
presence in commercial gaming technology and financial services transaction
processing.  For more information about the Company, please visit GTECH's
website at http://www.gtech.com/.

   Contact:
   Robert K. Vincent
   Public Affairs
   GTECH Corporation
   401-392-7452


DATASOURCE: GTECH Holdings Corporation



CONTACT:  Robert K. Vincent, Public Affairs of GTECH Corporation,

[phone]



Web site:  http://www.gtech.com/

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