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GTECH, Iceland lottery signs deal

WEST GREENWICH, Rhode Island – (PRESS RELEASE) -- GTECH Corporation, a wholly-owned subsidiary of Lottomatica S.p.A., announced that it will provide Icelandic Gaming with an additional 300 WinWave(TM) machines to be installed at retail locations throughout Iceland. This machine sale is the result of a successful pilot program Icelandic Gaming instituted with GTECH's video lottery terminal (VLT) manufacturer, Spielo, during the summer of 2006.

"GTECH understands the need for creative gaming technology. With WinWave, Icelandic Gaming can now offer its video lottery players a new and different gaming experience, while generating top net revenue and low operating costs," said W. Bruce Turner, GTECH President & CEO and Lottomatica S.p.A. CEO. "We look forward to broadening our relationship with Icelandic Gaming and to enhancing its video lottery operation with our newest technology."

"Success of the initial rollout of 20 WinWave machines was achieved by surpassing existing VLT revenues by more than 200 percent, due to such games as Spielo's Queen of Egypt and Royal Spins," said Magnus Snaebjornsson, Managing Director from Icelandic Gaming.

Over the next three years, GTECH will replace a portion of the Icelandic Gaming's existing VLTs, currently provided by another vendor, with WinWave machines.

Proceeds from Icelandic Gaming benefit the Icelandic Red Cross, the Icelandic Association for Search and Rescue, and the National Center of Addiction Medicine.

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