GTECH Signs Five-Year Contract to Provide New Interactive Lottery Software Solution, Central System, and Terminals for Customer

GTECH Signs Five-Year Contract to Provide New Interactive Lottery
Software Solution, Central System, and Terminals for Customer in Finland 


WEST GREENWICH, R.I., Dec. 20  /PRNewswire-FirstCall/ -- GTECH Holdings
Corporation (NYSE:GTK) today announced that its wholly-owned subsidiary, GTECH
Global Services Corporation, has signed a five-year contract with Veikkaus Oy,
the operator of the Finnish national lottery.  The contract also includes
automatic provisions for two, two-year extensions which would extend the
contract until 2013.  This contract signing follows a highly competitive
procurement process, which involved a number of bidders.

"Europe has remained one of the most progressive markets for GTECH, and to join
Veikkaus Oy in their vision of creating a platform on which they can deliver a
broad range of entertainment and gaming content converges nicely with the
proposition on which GTECH developed the Enterprise Series (ES) solution," said
GTECH President and CEO W. Bruce Turner.  "This partnership with Veikkaus is a
strong indication of the value and validation of GTECH's ES solution package. 
ES will support Veikkaus' current distribution channels and games and provide
them with an integrated and open platform for the future."

During the term of the contract, GTECH will replace the existing gaming
solution with a new integrated gaming system based on the Company's Enterprise
Series(TM) architecture.  This will include an Interactive Gaming solution as
well as a new integrated online and instant lottery system, and the latest
generation of GTECH Altura(R) terminals.  In addition to the implementation of
the new gaming system, GTECH will provide ongoing services to Veikkaus over the
life of the contract.

Veikkaus and GTECH will be uniquely positioned to change the gaming and
entertainment landscape, extend the reach of leading-edge technologies and game
concepts, while creating new market penetrations in a diverse range of venues.

"We are extremely pleased that Veikkaus recognized the tremendous value
afforded by GTECH and our new software partner, HiQ International," continued
Mr. Turner.  "HiQ's subsidiary, HiQ Softplan, has been collaborating with
Veikkaus in the development of the current Veikkaus interactive solution since
1996, and we look forward to utilizing their experience in this expanding
lottery channel."

HiQ International is an information technology (IT) and management consulting
firm that focuses on high-tech solutions in the fields of communication,
software development, and simulation technology.  HiQ employs approximately 500
people in its offices in Finland, Sweden, and Denmark.

Veikkaus has been a valued GTECH customer since 1990.  With respect to its
contract with Veikkaus, GTECH expects to generate revenues of approximately $38
million to $40 million for the implementation of the new gaming system. In
addition, GTECH will generate incremental revenue related to the ongoing
software and consultancy services provided to Veikkaus in the range of $25
million to $27 million over the five years.

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 more than 5,400 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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