Loteria Electronica de Puerto Rico Announces Intent to Negotiate Online Lottery Contract

    WEST GREENWICH, R.I., May 11 /PRNewswire-FirstCall/ -- GTECH Holdings
 Corporation (NYSE:   GTK) was notified today by Loteria Electronica de Puerto
 Rico of its intent to negotiate a contract to provide equipment and services
 for a new online lottery system, terminals, and associated telecommunications
 network with another vendor.
     GTECH has provided online lottery products and services to Loteria
 Electronica since 1990.  In Loteria Electronica's most recent fiscal year,
 online ticket sales reached $340 million.  GTECH's current contract with
 Loteria Electronica is set to expire on March 15, 2005.  Loteria Electronica
 contributes approximately $20 million to GTECH's annual revenues.
 
     Certain statements contained in this press release are forward looking
 statements within the meaning of Section 27A of the Securities Act of 1933 and
 Section 21E of the Securities Exchange Act of 1934.  Such statements include,
 without limitation, statements relating to the prospects and financial outlook
 for the Company, which reflect management assumptions regarding:  (i) the
 future prospects for and stability of the lottery industry and other
 businesses in which the Company is engaged or expects to be engaged, (ii) the
 future operating and financial performance of the Company (including, without
 limitation, expected future growth in revenues, profit margins and earnings
 per share), and (iii) the ability of the Company to retain existing business
 and to obtain and retain new business.  Such forward looking statements
 reflect management's assessment based on information currently available, but
 are not guarantees and are subject to risks and uncertainties that could cause
 actual results to differ materially from those contemplated in the forward
 looking statements.
     These risks and uncertainties include, but are not limited to, those set
 forth above, in the Company's subsequent press releases and on reports by the
 Company on Forms 10-K, 10-Q and 8-K, and other reports and filings with the
 Securities and Exchange Commission, as well as risks and uncertainties
 respecting:  (i) the potential impact of extensive and evolving government
 regulations upon the Company's business; (ii) the ability of the Company to
 continue to retain and extend its existing contracts and win new contracts;
 (iii) the possibility of slower than expected growth or declines in sales of
 lottery and gaming goods and services by the Company or the Company's
 customers; (iv) exposure to foreign currency fluctuations; (v) risks and
 uncertainties inherent in doing business in foreign jurisdictions; (vi) the
 relatively large percentage of the Company's revenues attributable to a
 relatively small number of the Company's customers; (vii) the possibility of
 significant fluctuation of quarterly operating results; (viii) the intensity
 of competition in the lottery and gaming industries; (ix) the possibility of
 substantial penalties under and/or termination of the Company's contracts; (x)
 the ability of the Company to respond to technological change and to satisfy
 the future technological demands of its customers; (xi) opposition to
 expansion of lottery and gaming; (xii) the Company's ability to attract and
 retain key employees; and (xiii) the possibility of adverse determinations in
 pending legal proceedings.
 
     GTECH, a leading global information technology company with over $1
 billion in revenues and more than 5,500 people in 45 countries, provides
 software, networks, and professional services that power high-performance,
 transaction processing solutions.  The Company's core market is the lottery
 industry, with a growing presence in financial services transaction
 processing.  For more information about the Company, please visit GTECH's
 website at http://www.gtech.com.
 
     Contact:
      Robert K. Vincent
      Public Affairs
      GTECH Corporation
      401-392-7452
 
 

SOURCE  GTECH Holdings Corporation