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GTECH APPOINTS DAVID J. CALABRO CHIEF OPERATING OFFICER

(West Greenwich, Rhode Island  -- October 2, 2002) – GTECH (NYSE: GTK) today announced that David J. Calabro has been appointed Executive Vice President and Chief Operating Officer of GTECH Holdings Corporation. Having joined GTECH in 1999, Mr. Calabro has most recently served as the Executive Vice President responsible for Global Operations.

In making the announcement, GTECH President and CEO W. Bruce Turner said, "GTECH has a well defined set of objectives and strategies for continued growth and market leadership. The appointment of David Calabro as COO will strengthen our ability to deliver on our strategy.

"I have every confidence that David's knowledge of our business, proven leadership skills, and keen insight into our development strategies will serve as an excellent foundation for his continued success in his new role," continued Mr. Turner. "David's appointment will also provide me with the opportunity to direct more of my energies on developing and refining our corporate strategy, and to enhancing GTECH's external relationships with customers and shareholders."

As COO, Mr. Calabro will have responsibility for ensuring that the Company achieves its goals in revenue growth, customer satisfaction, market penetration, operational efficiency, and organizational development. Mr. Calabro will work closely with Mr. Turner in the development and enhancement of the Company's corporate strategy, policies and objectives, in support of GTECH's core lottery business and emerging commercial services business. The Global Operations, Systems & Solutions Delivery, Corporate Development, and Public Affairs organizations will report directly to Mr. Calabro. Corporate support functions, including Finance, Legal, and Human Resources, will continue to report to Mr. Turner.

Before joining GTECH, Mr. Calabro served as Vice President and Managing Principal of Unisys Corporation's Worldwide Public Sector Line of Business and, as such, directed a staff of 1000+ and managed operational performance of its public sector consulting and technology practice. Mr. Calabro also served as Vice President and General Manager, United States and Canada Public Sector Market Group at Unisys. While there, he successfully positioned the Information Services division to help clients manage information to improve administration and execution of mission-critical public services.

Prior to Unisys, Mr. Calabro led business operations for Digital Equipment Corporation's Government Systems Group in Washington DC. He also served in the U.S. Army as a Special Advisor to the Army Chief of Staff and an Army Strategist; and was an Assistant Professor of Diplomacy and Economic Policy at the United States Military Academy in West Point, New York.

Mr. Calabro, 53, holds advanced degrees from the University of Virginia.

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.