Svenska Spel to Receive 2,000 New Wide Area Video Lottery Terminals (VLTs) from GTECH Subsidiary Spielo

Svenska Spel to Receive 2,000 New Wide Area Video Lottery
Terminals (VLTs) from GTECH Subsidiary Spielo
Marks First Installation of Spielo's Next-Generation Wide Area VLT 


WEST GREENWICH, R.I., Feb. 22  /PRNewswire-FirstCall/ -- GTECH Holdings
Corporation (NYSE:GTK) today announced that AB Svenska Spel amended its
existing agreement with GTECH's wholly-owned subsidiary, Spielo Manufacturing
ULC, for the provision of 2,000 next-generation wide area video lottery
terminals (VLTs).  Spielo is a current provider of VLTs to Svenska Spel and
GTECH is the video lottery central system provider.

"Spielo has 15 years of experience building reliable VLTs and creating
market-driven games," said GTECH Senior Vice President of Gaming Solutions Marc
A. Crisafulli.  "This first installation of Spielo's next-generation wide area
VLTs will not only help Svenska Spel diversify into other segments in the
restaurant market, but will also offer a variety of new concept games that will
extend Spielo's game library into new player segments."

Spielo currently provides Svenska Spel with approximately 5,000 of the 7,000
VLTs already in the field.  Under the amended agreement, Spielo will deploy
2,000 new wide area VLTs beginning in September 2005.  The new VLTs will
replace a portion of the existing machines and also be placed in new locations.
 With respect to its amended agreement with Svenska Spel, Spielo expects to
generate approximately US$22 million for the sale of the new VLTs.

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,

[phone]



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

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