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Colorado Lottery Extends GTECH Lottery Contract

WEST GREENWICH, Rhode Island – (PRESS RELEASE) -- GTECH Holdings Corporation (NYSE: GTK) today announced that the Colorado Lottery, pursuant to the provisions of its original contract with GTECH, exercised for the second time its unilateral right to extend GTECH's contract for an additional 90 days. Under this second consecutive 90-day extension, the Company will continue to provide online lottery products and services to the Lottery commencing on January 31, 2005. GTECH's contract with the Colorado Lottery expired on October 31, 2004, however the Lottery, in its sole discretion, granted the Company its first 90-day extension which began November 1, 2004.

Following a competitive procurement in October 2002, the Colorado Lottery selected Scientific Games Corporation as its vendor to provide equipment and services for a new integrated online and instant-ticket lottery system. As with the first 90-day extension, this second contract extension was entered into in order to provide Scientific Games additional time to convert the system beyond the previously-established deadline.

Under the terms of the contract extension, GTECH will continue to provide ongoing services to the Colorado Lottery, including operation and maintenance of the central system hardware and software, terminal maintenance, and hotline management through April 30, 2005.

GTECH has provided online lottery products and services to the Colorado Lottery since 1988. The Company estimates revenues of $2 million over the 90- day contract extension period.

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