GTECH Names Joseph Nadan Senior Vice President and Chief Technology Officer

GTECH Names Joseph Nadan Senior Vice President and Chief
Technology Officer 


WEST GREENWICH, R.I., April 28  /PRNewswire-FirstCall/ -- GTECH Holdings
Corporation (NYSE:GTK) today announced that Joseph S. Nadan, Ph.D. has joined
the Company as Senior Vice President and Chief Technology Officer.

Reporting to W. Bruce Turner, GTECH President and Chief Executive Officer, Dr.
Nadan is responsible for managing and overseeing all aspects of technology for
the Company.  "The success of our business is based on the most efficient use
of technology, and we are fortunate to be adding such an experienced
technologist to our senior management team," said Mr. Turner.  "Joe has an
extensive background in electrical and computer engineering and is a proven
leader.  His business expertise and technological savvy will be important
factors in achieving our strategy for growth as we expand into new markets and
meet new challenges."

Most recently, Dr. Nadan served as Chief Technology Officer of Emerging
Technology Research at American International Group (AIG), the world's leading
international insurance and financial services organization, with operations in
more than 130 countries and jurisdictions.  Dr. Nadan also served as Chief
Technology Officer at AIG Technologies (AIGT), a member company of AIG.  In
these roles, he was primarily responsible for the strategic planning of
technology at AIGT data centers.

Prior to AIG, Dr. Nadan held various senior management positions at Market Data
Corporation (MDC) a Cantor Fitzgerald spin-off in Rye Brook, N.Y.  While at
MDC, he helped the company become a leading provider of broker-support and
real-time electronic-trading systems to the worldwide financial services
community.

Earlier in his career, Dr. Nadan served as Group Director, U.S. Consumer
Electronics Research and Development, for Philips Electronics, where he managed
U.S.-based N.V. Philips research and development of commercial prototypes of
consumer electronic products.

Dr. Nadan earned his undergraduate, graduate, and doctoral degrees in
Electrical Engineering from the City College of New York, where he later served
as a tenured Associate Professor of Electrical Engineering and the Assistant
Dean of the School of Engineering.  He also completed the Executive MBA program
at Columbia University, majoring in strategic planning with an emphasis on
consumer behavior in accepting new electronic technologies.

Certain statements contained in this press release are forward looking
statements within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934.  The Company identifies
forward looking statements by words such as "may," "will," "should," "could,"
"expect," "plan," "anticipate," "intend," "believe," "estimate," "continue," or
similar words that refer to the future.  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 as risks 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 and gaming 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 and
gaming industries; (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 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, +1-401-

392-7452



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

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