GTECH, Hasbro Sign Deal

WEST GREENWICH, Rhode Island – (PRESS RELEASE) -- GTECH Holdings Corporation (NYSE: GTK) announced today that its wholly-owned subsidiary, GTECH Corporation, signed a licensing agreement with the Hasbro Properties Group, the intellectual property development arm of Hasbro, Inc. (NYSE: HAS). The license grants GTECH the exclusive rights in the United States and Canada to develop and market slot machines and video lottery terminals (VLTs) featuring THE GAME OF LIFE property brand in the casino and government- sponsored environments.

"GTECH's focus remains on enhancing the entertainment value of the gaming experience for our players," said Marc Crisafulli, Senior Vice President of Gaming Solutions for GTECH. "THE GAME OF LIFE is one of the world's most popular board games and will become the foundation of a multi-game development effort by GTECH in the gaming machine market. In fact, this is the first license for branded content in our Gaming Solutions' efforts. With the familiar icons and game play of the classic board game, THE GAME OF LIFE is sure to evoke fond memories and create new ones for anyone that plays."

"GTECH presented a compelling business opportunity that we believe will maximize the strength of THE GAME OF LIFE brand in the gaming environment and allow millions of adults to enjoy this classic game in new and unique ways," said Jane Ritson-Parsons, President of Hasbro Properties Group. "We look forward to many years of entertaining gaming products themed to THE GAME OF LIFE from GTECH's team of creative game developers."

"We are excited about working with Hasbro and expanding our gaming business through the licensing of proven and popular game content, such as THE GAME OF LIFE," continued Mr. Crisafulli.

Spielo, a GTECH subsidiary, will develop the games on its platforms and manufacture and distribute the games to the government-sponsored gaming markets. Global gaming machine supplier, Atronic, has been pre-approved by Hasbro to be one of GTECH's sub-licensees, granting Atronic the right to develop the games on its platforms and manufacture and distribute the games to Native American and commercial gaming markets. GTECH acquired leading gaming machine manufacturer Spielo in 2004, and, in the past year, announced an agreement to acquire a 50 percent controlling equity interest in Atronic. Game development plans include linked progressive games and stand-alone dedicated games themed to THE GAME OF LIFE. Joint efforts between GTECH, Atronic, and Spielo resulted in the positive outcome of this transaction and demonstrate the strength of the new alliance in the gaming industry.

The first GAME OF LIFE branded slot games are expected to be available to the North American gaming market in the second half of calendar 2006.