GTECH Notified of Virginia Lottery Intent to Award Contract for Comprehensive Instant Ticket Products, Equipment, and Related Se

GTECH Notified of Virginia Lottery Intent to Award Contract for
Comprehensive Instant Ticket Products, Equipment, and Related Services 


WEST GREENWICH, R.I., May 18  /PRNewswire-FirstCall/ -- GTECH Holdings
Corporation  today announced that the Company has been notified of the intent
of the Virginia Lottery to award a seven-year contract to Oberthur Gaming
Technologies Corporation (OGT) under which GTECH will be subcontracted to
provide new Instant Ticket Vending Machines (ITVMs) and management of
warehousing and distribution of instant tickets.  The contract award, which is
expected to commence in June of this year, includes options to renew for up to
three years and follows a competitive procurement in which two other companies
submitted proposals.

"To meet the Virginia Lottery's changing requirements, GTECH, in partnership
with Oberthur, provided a comprehensive and cost-effective solution to the
Lottery's instant ticket lottery operations," said GTECH President and CEO W.
Bruce Turner.  "We are committed to assisting the Lottery in its efforts to
maximize revenues for public education in Virginia."

Upon execution of the contract, GTECH will deliver 500 Expandable Dispensing
System Quad Burster(TM) (EDS-Q) ITVMs initially.  The new machines will replace
a portion of the 1,500 machines already in operation.  The Lottery has the
option to expand the number of ITVMs over time.

GTECH has been the online lottery terminal provider for the Virginia Lottery
since 2000, and currently provides field services for the Lottery's
Clerk-Activated Terminals(TM) (CATs), Self-Service Terminals(TM) (SSTs),
Instant-Ticket Validation devices (ITVs) and printers, and Instant-Ticket
Vending Machines (ITVMs).  In addition, through its recent acquisition of
Interlott Technologies, GTECH has been providing ITVM products and services to
the Virginia Lottery since 1991.  With respect to its proposed subcontract with
OGT, the Company expects to generate revenues of approximately $25 million over
the seven-year contract term.

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.  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 goods and services
by the Company or the Company's customers; (iv) exposure to foreign currency
fluctuations; (v) the relatively large percentage of the Company's revenues
attributable to a relatively small number of the Company's customers; (vi) the
possibility of significant fluctuation of quarterly operating results; (vii)
the intensity of competition in the lottery industry; (viii) the possibility of
substantial penalties under and/or termination of the Company's contracts;
(ix)the ability of the Company to respond to technological change and to
satisfy the future technological demands of its customers; (x) opposition to
expansion of lottery; (xi) the Company's ability to attract and retain key
employees; and (xii) the possibility of adverse determinations in pending legal
proceedings.

GTECH, a leading global information technology company with over $1 billion in
revenues and more than 5,500 people in 45 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/

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