LOXLEY GTECH Signs Thai Online Lottery Contract

WEST GREENWICH, Rhode Island – (PRESS RELEASE) -- GTECH Holdings Corporation (NYSE: GTK) today announced that LOXLEY GTECH Technology Co. Ltd. (LGT), a joint venture in which GTECH is a 49 percent equity owner, has signed a five-year agreement to provide equipment and services for a national online lottery in Thailand. Loxley Public Company Limited, a leading trading and telecommunications conglomerate in Thailand, holds a 51 percent equity stake in LGT. GTECH is the major technology and service provider to LGT.

"This is another significant achievement for GTECH," said GTECH President and CEO W. Bruce Turner. "We look forward to assisting in the implementation of Thailand's first-ever online lottery. Our partnership with LGT will provide leading-edge technology and best-practice project management principles to deliver a world-class lottery solution and services to the Government of Thailand."

Under the terms of the agreement, GTECH will supply a turnkey system, consisting of GTECH's Enterprise Series(TM) solution and approximately 12,000 Altura(R) terminals, to LGT, who will, in turn, supply equipment and integrated services to the Government Lottery Office (GLO) of Thailand. Enterprise Series will provide the GLO with multiple layers of security, including system controls and procedures, and auditing and accountability for all transactions. The lottery may also expand to up to 15,000 Altura terminals over the term of the agreement. Additionally, GTECH will provide software management and licensing rights to LGT for the five-year term. The GLO expects commercial operation of the online system to commence at the end of February 2006.

"This win opens up even more potential opportunities for GTECH in the Asia-Pacific region where our advanced technology offers break-through possibilities to many new and expanding gaming markets," continued Mr. Turner.

With respect to its agreement with LGT, GTECH expects to generate approximately $35 million in product sale revenue. GTECH also expects to receive approximately $17 million in service revenue for ongoing central system software support and licensing over the five years.