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GTECH SIGNS NEW CONTRACT TO PROVIDE ONLINE AND INSTANT-TICKET SYSTEM SOLUTION AND SERVICES TO AN POST NATIONAL LOTTERY IN IRELAND

(West Greenwich, Rhode Island  -- October 21, 2002) – GTECH (NYSE: GTK) today announced that the Company has signed a new contract to provide an integrated online and instant-ticket lottery system solution and services to An Post National Lottery Company (NLC), the operator of the National Lottery in Ireland. The six-year integrated services contract, which provides for extension options exercisable by the NLC, will commence on December 22, 2002, and follows a competitive procurement process.

"We are delighted the NLC has elected to continue their longstanding partnership with GTECH, and we appreciate their expression of confidence in the GTECH Enterprise Series solution, a robust open architecture gaming platform that will drive the NLC's continued growth now and in the future," said GTECH President and CEO W. Bruce Turner.

Under the terms of the new contract, GTECH will replace the NLC's existing lottery system with GTECH's Enterprise Series™ architecture, featuring IP communications enabled technology. Included in GTECH's Enterprise Series solution is the Enterprise Series Connect multi-channel interface. This will allow the NLC to reduce the risks inherent with incorporating future technologies, as well as to broaden the scope of enhancements and integrations with other systems in the future.

The NLC also intends to replace its current terminal equipment with 2,200 GTECH® Altura® terminals, running on a Linux operating system. The Altura offers high-performance PC-based architecture and advanced software capabilities that facilitate the rapid introduction of new games and future lottery applications.

In addition, GTECH will supply the NLC with 1,300 GVT Extra terminals, which provide the ability to generate Quick Pick online wagers, together with validation of instant tickets. The NLC will also receive 500 Express Point® Plus terminals, which facilitate convenient player-activated identification of winning tickets.

GTECH will provide a variety of ongoing technical services to the NLC under the new contract, including the installation, operation, and maintenance of the central system and terminals; field services; hotline operations; depot maintenance and repair; and communications and systems consultancy.

GTECH has been the online lottery supplier to the NLC since 1987. Proceeds from the NLC support a variety of good causes throughout Ireland. In addition to Ireland, GTECH currently supplies lottery equipment and/or services to 25 customers in Europe.

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 six 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.