GTECH Named Apparent Successful Bidder for Three-Year Contract to Provide Lottery Product Vending Machines (LPVMS) to the Washin

GTECH Named Apparent Successful Bidder for Three-Year Contract to Provide
Lottery Product Vending Machines (LPVMS) to the Washington Lottery 


WEST GREENWICH, R.I., March 24  /PRNewswire-FirstCall/ -- GTECH Holdings
Corporation  today announced that its wholly-owned subsidiary, GTECH
Corporation, has been named the apparent successful bidder to provide the
Washington Lottery with Lottery Product Vending Machines (LPVMs) and ongoing
maintenance and support services.  The proposed three-year contract follows a
competitive procurement and includes three one-year extension options.

"We are excited about today's news in Washington State which comes on the heels
of our recently-announced ITDM win in Illinois," said GTECH President and CEO W.
Bruce Turner.  "GTECH's innovative LPVMs are designed to make the most of the
self-service opportunity today.  Our strategy for a fully integrated technology
solution offers self-service online game purchases, end- to-end connectivity,
communications, and reporting to assist the Washington Lottery in streamlining
and growing its business now and in the years ahead."

Upon successful completion of negotiations with the Washington Lottery, GTECH
will deliver approximately 1,000 Expandable Dispensing System (EDS-Q)LPVMs
initially.  The LPVMs will provide the Washington Lottery with secure, automated
distribution of instant lottery tickets to players and are expected to be
installed by November 2004.

GTECH has been the online and instant ticket lottery system provider for the
Washington Lottery since 1996.  In addition, through its recent acquisition of
Interlott Technologies, GTECH has been providing LPVM products and services to
the Washington Lottery since 1998.  With respect to its contract resulting from
negotiations with the Washington Lottery, the Company expects to generate
revenues of approximately $6 million to $8 million over the three-year contract
term.

Certain statements contained in this press release are forward looking
statements within themeaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934.  Such statements include,
without limitation, statements relating to the prospects and financial outlook
for the Company, which reflect management assumptions regarding:  (i) the future
prospects for and stability of the lottery industry and other businesses in
which the Company is engaged or expects to be engaged, (ii) the future operating
and financial performance of the Company (including, without limitation,
expected future growth in revenues, profit margins and earnings per share), and
(iii) the ability of the Company to retain existing business and to obtain and
retain new business.  Such forward looking statements reflect management's
assessment based on information currently available, but are not guarantees and
are subject to risks and uncertainties that could cause actual results to differ
materially from those contemplated in the forward looking statements.

These risks and uncertainties include, but are not limited to, those set forth
above, in the Company's subsequent press releases and on reports by the Company
on Forms 10-K, 10-Q and 8-K, and other reports and filings with the Securities
and Exchange Commission, as well asrisks and uncertainties respecting:  (i) the
potential impact of extensive and evolving government regulations upon the
Company's business; (ii) the ability of the Company to continue to retain and
extend its existing contracts and win new contracts; (iii) the possibility of
slower than expected growth or declines in sales of lottery goods and services
by the Company or the Company's customers; (iv) exposure to foreign currency
fluctuations; (v) risks and uncertainties inherent in doing business in foreign
jurisdictions; (vi) the relatively large percentage of the Company's revenues
attributable to a relatively small number of the Company's customers; (vii) the
possibility of significant fluctuation of quarterly operating results; (viii)
the intensity of competition in the lottery industry; (ix) the possibility of
substantial penalties under and/or termination of the Company's contracts; (x)
the ability of the Company to respond to technological change and to satisfy the
future technological demands of its customers; (xi) opposition to expansion of
lottery and gaming; (xii) the Company's ability to attract and retain key
employees; and (xiii) the possibility of adverse determinations in pending legal
proceedings.

GTECH, a leading global information technology company with $1 billion in
revenues and 5,000 people in 44 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 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, +1-401-

392-7452    



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

Copyright