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GTECH SIGNS FIVE-YEAR CONTRACT EXTENSION TO PROVIDE VIDEO LOTTERY SERVICES TO THE OREGON STATE LOTTERY

(West Greenwich, Rhode Island  -- September 10, 2002) – GTECH (NYSE: GTK) today announced that the Company has signed a five-year contract extension with the Oregon State Lottery to provide video lottery software development services and technical support. The contract extension, which exercised all the extension options permitted under the original contract, is expected to commence on October 5, 2003, and expire on October 4, 2008.

"We are pleased the Oregon State Lottery has elected to continue its relationship with GTECH," said GTECH President and CEO W. Bruce Turner. "This extension is a direct reflection of the quality of GTECH's video lottery technology and of our ongoing commitment to providing value-added services to our customers."

Under the contract extension, GTECH will continue to provide the Oregon State Lottery with software services and technical support for its video lottery operations. In 1997, GTECH installed the Company's Video ProSys® central computer system, which monitors the security and integrity of approximately 9,200 video lottery terminals in the state. GTECH currently leases the video lottery central system and site controllers to the Oregon State Lottery. With respect to its contract extension with the Oregon State Lottery, GTECH expects to generate revenues of approximately $9 million.

GTECH has provided video lottery products and services to the Oregon State Lottery since 1995, and online products and services since 1985. Proceeds from the Oregon State Lottery benefit the state's economic development and public education, state parks, and salmon restoration.

In addition to Oregon, GTECH currently supplies video lottery central computer systems and/or terminals to lotteries in Rhode Island, Switzerland, Brazil, and the Canadian Provinces of Saskatchewan and Alberta. GTECH was also named the preferred vendor to supply a new video lottery central computer system for AB Svenska Spel, the Company's lottery customer in Sweden.

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 fact that several of the Company's larger contracts are to be rebid within the next nine months; (viii) the possibility of significant fluctuation of quarterly operating results; (ix) the intensity of competition in the lottery industry; (x) the possibility of substantial penalties under and/or termination of the Company's contracts; (xi) the ability of the Company to respond to technological change and to satisfy the future technological demands of its customers; (xii) opposition to expansion of lottery and gaming; (xiii) the Company's ability to attract and retain key employees; and (xiv) 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 4,400 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. For more information about the Company, please visit GTECH's website at http://www.gtech.com.