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GTECH Signs Contract with German Lottery

WEST GREENWICH, Rhode Island – (PRESS RELEASE) -- GTECH Holdings Corporation (NYSE: GTK) today announced that its wholly-owned subsidiary, GTECH Global Services Corporation, has signed a five-year contract to provide ongoing software support and enhancements to Westdeutsche Lotterie GmbH & Co. OHG (WestLotto), the operator of online and instant-ticket lottery games in the German state of Nordrhein-Westfalen.

"Working together with WestLotto over the past year to convert their existing lottery system to GTECH's Enterprise Series solution has allowed us to forge a closer business relationship with this customer," said GTECH President and CEO W. Bruce Turner. "We are delighted that Germany's largest lottery has also recognized GTECH for its comprehensive software engineering and support capabilities, and we look forward to being of service to them over the next five years."

In addition to software support and enhancements, GTECH will also act as general contractor for hardware maintenance, as well as terminal software support provided by Wincor-Nixdorf. With respect to this contract with WestLotto, GTECH expects to generate revenues of approximately $16 million over the five-year period.

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