GTECH Signs Two-Year Online/Instant System Contract Extension with the Ohio Lottery

GTECH Signs Two-Year Online/Instant System Contract Extension
with the Ohio Lottery
Company Also Signs Two-Year Extension for Additional Instant Ticket Vending
Machines 


WEST GREENWICH, R.I., June 28  /PRNewswire-FirstCall/ -- GTECH Holdings
Corporation (NYSE:GTK) today announced that its wholly-owned subsidiary, GTECH
Corporation, has signed a two-year contract extension with the Ohio Lottery
Commission to continue its role as the provider of an online/instant lottery
central system and related services.  In addition, the Lottery signed a
separate two-year extension with GTECH for the lease of Instant Ticket Vending
Machines (ITVMs).  Both extensions will commence on July 1, 2005, and can be
extended for an additional two years at the option of the Lottery.

"The Ohio Lottery is a highly-valued customer and we are pleased at the
opportunity to continue working with them," said GTECH President and CEO W.
Bruce Turner.  "These contract extensions illustrate the Lottery's confidence
in GTECH's capabilities and are a testament to the success of our 20-year
business partnership."

Under the terms of the online/instant system contract extension, GTECH will
continue providing the Lottery with the operation and maintenance of the
central system, including instant ticket validation; maintenance of terminals;
marketing support; hotline management; and field service.

Under the ITVM extension, GTECH will continue to supply the Lottery with 1,500
ITVMs through June 30, 2007.  In addition, the Lottery will receive a minimum
of 50 additional ITVMs, which are expected to be deployed by September 2005.

GTECH has provided lottery products and services to the Ohio Lottery since
1985.  With respect to both contract extensions with the Lottery, the Company
expects to generate approximately $50 million over the two-year period.

The Ohio Lottery's most recent annual sales were $2.1 billion.  Proceeds from
the Lottery are earmarked for public education.

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 is a leading gaming technology and services company.  With more than $1.2
billion in annual revenues and 5,300 people in over 50 countries, GTECH
provides integrated technology, creative content, and business services to
effectively manage and grow today's evolving gaming markets.  In targeted
emerging economies, GTECH also leverages its operational presence and
infrastructure to supply commercial transaction processing services.  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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