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GTECH Selected for Finland Contract

WEST GREENWICH, Rhode Island – (PRESS RELEASE) -- GTECH Holdings Corporation (NYSE: GTK) today announced that its wholly-owned subsidiary, GTECH Global Services Corporation, has been selected as the preferred bidder by Veikkaus Oy to begin negotiations for new interactive lottery software, a new integrated online and instant lottery system, and terminals in Finland. This decision is the result of a competitive procurement.

"We are delighted and honored to have one of the world's most successful and technically-progressive lottery operators such as Veikkaus Oy select GTECH for a project of this magnitude and complexity," said GTECH President and CEO W. Bruce Turner. "This partnership with Veikkaus is a strong indication of the value and validation of GTECH's Enterprise Series (ES) solution package. ES will support Veikkaus' current distribution channels and games and provide them with an integrated and open platform for the future."

The collaboration between Veikkaus and GTECH will demonstrably change the gaming and entertainment landscape, extending the reach of leading-edge technologies and game concepts, while creating new market penetrations in a diverse range of venues.

"We are pleased that Veikkaus recognized the tremendous value afforded by GTECH and our software development partner, HiQ International. As we merge the experience of Veikkaus, GTECH, and HiQ in capturing new channel opportunities, GTECH's ES Interactive will generate collateral interests that will deliver benefits beyond expectations," continued Mr. Turner. HiQ International is a leading software developer, providing services in the defense, health care, and gaming and entertainment areas, with offices in Finland, Sweden, and Denmark.

GTECH has provided lottery equipment and services to Veikkaus since 1990. Further details of the award will be disclosed upon the Company's signing of a definitive agreement with Veikkaus, which is expected to be finalized by mid- December 2004.

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