PRESS RELEASE


55 Technology Way                                    Telephone: 401 392-1000
West Greenwich, Rhode Island 02817 USA               Fax: 401 392-1234




For Immediate Release                                 Contact: Robert K. Vincent
October 9, 2003                                                Public Affairs
                                                               GTECH Corporation
                                                               401-392-7452

      GTECH HOLDINGS CORPORATION ANNOUNCES PRICING OF SENIOR NOTE OFFERING

WEST GREENWICH,  RI - (October 9, 2003) - GTECH Holdings Corporation  (NYSE:GTK)
today  announced  that it has agreed to sell $250  million of 4.75% senior notes
due 2010, for aggregate proceeds of approximately $248.1 million.  GTECH intends
to use the proceeds from the offering for general corporate purposes,  which may
include funding future acquisitions.

The notes and related  guarantees have not been registered  under the Securities
Act of 1933, or any state securities laws.  Accordingly,  the notes will be sold
only to qualified  institutional  buyers in accordance  with Rule 144A under the
Securities  Act of 1933,  and  outside  the  United  States in  accordance  with
Regulation S under the Securities Act of 1933.

This press release does not constitute an offer to sell or the  solicitation  of
an offer to buy any security and shall not constitute an offer,  solicitation or
sale in any  jurisdiction  in which such offering would be unlawful.  This press
release is being issued  pursuant to and in accordance  with Rule 135c under the
Securities Act.



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 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  industry;  (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.

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GTECH,  a leading  global  information  technology  company  with $1  billion in
revenues and 4,600 people in 43  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.

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