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GTECH Picked for Swiss Lottery Contract

WEST GREENWICH, Rhode Island – (PRESS RELEASE) -- GTECH Holdings Corporation (NYSE: GTK) today announced that its wholly-owned subsidiary, GTECH Corporation, has been named the preferred bidder by Societe de la Loterie de la Suisse Romande (LoRo) for a new integrated online and instant- ticket lottery system, terminals, and communications network. GTECH received the highest technical score following a competitive procurement that involved five other bidders.

"We offered LoRo a fully integrated lottery solution that will improve their current business processes and provide the highest level of reliability, security, and integrity," said GTECH President and CEO W. Bruce Turner. "Not only can new retailers be brought online quickly and cost efficiently, but new services, applications, and devices can be seamlessly integrated into retailer systems, making managing lottery operations easier and more efficient."

"This award is also significant in that it will bring LoRo's instant ticket sales and validation online for the first time," continued Mr. Turner.

Subject to the successful completion of a product sale agreement, the Company will install GTECH's Enterprise Series(TM) architecture, featuring internet protocol (IP) web component technology that will offer a state-of- the-art platform for LoRo's new online and instant ticket system. GTECH will upgrade the existing online applications, currently using GTECH's ProSys(R) system, to Enterprise Series. The Company will also provide LoRo with approximately 2,000 Altura(R) LVT terminals, 100 handheld terminals, and project management services.

In addition, an advanced IP-based wireless communications system will be installed as the interface between retailers and the central system.

"GTECH is pleased to be strengthening this relationship with LoRo, and we look forward to a long and successful affiliation," said Mr. Turner.

LoRo has been a valued GTECH customer since 1994, a partnership which has brought about innovations and increased revenues to support the good causes in Switzerland. With respect to its proposed agreement with LoRo, GTECH expects to generate approximately $12 million in revenue.

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