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GTECH HOLDINGS CORPORATION COMPLETES EXCHANGE OFFER FOR SENIOR NOTES - CORRECTED

WEST GREENWICH, RI - (May 19, 2005) - GTECH Holdings Corporation (NYSE: GTK) announced today that it has completed its offer to exchange up to $150,000,000 aggregate principal amount of its 4.50% Senior Notes due 2009 and up to $150,000,000 aggregate principal amount of its 5.25% Senior Notes due 2014 (the "original notes") for 4.50% Senior Notes due 2009 and 5.25% Senior Notes due 2014 which have been registered under the Securities Act of 1933. The exchange offer expired at 5:00 p.m. , Eastern Time, on May 18, 2005.

As of the expiration of the exchange offer, $300,000,000 aggregate principal amount of the original notes, representing 100% of the outstanding original notes, had been validly tendered and not withdrawn. All original notes tendered with respect to the exchange offer on or prior to the expiration date were accepted for payment.

GTECH, a leading global information technology company with over $1 billion in revenues and 5,300 people in over 50 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 commercial gaming technology and financial services transaction processing. For more information about the Company, please visit GTECH's website at http://www.gtech.com.

Editor's Note: The due date for the 4.5% Senior Notes was incorrectly stated as 2010 in the original release. The above has been adjusted to reflect the correct date of 2009.