PROVIDENCE , R.I. - ( December 3, 2004 ) - GTECH Corporation (NYSE: GTK) broke ground for its new world headquarters in Providence today at the corner of Francis Street and Memorial Boulevard. The 10-story, 210,000 square foot, $80 million building is the first office building to be built in Providence in 16 years.

A number of dignitaries and elected officials attended the groundbreaking including U.S. Senator Jack Reed, Rhode Island Governor Donald L. Carcieri, Providence Mayor David N. Cicilline, Rhode Island Speaker of the House William Murphy, Rhode Island Senate President Joseph Montalbano, Providence City Council President John Lombardi, Capital Center Commission Chairman Leslie Gardner, and others.

"We share this day with many people who have made important contributions to make this milestone possible," said GTECH President and CEO W. Bruce Turner. "On behalf of the board of directors and employees of GTECH, I wish to express our sincere excitement in moving our world headquarters to downtown Providence."

The new office building across from the Providence Place Mall and abutting Waterplace Park will be home to 500 GTECH employees. The Company will occupy four floors of office space. The ground floor will be rented to restaurants and retail shops. A new parking garage will be part of the new site and be available to the public.

The Capital Center Commission's Design Review Committee approved the building design on November 9 and the full commission approved the design on November 18 after public hearings. The architectural firm of Spagnolo/Gisness & Associates designed the building; the construction manager is Gilbane Building Company; and Spaulding & Slye Colliers is the project manager for GTECH. USAA Real Estate Company is the developer and owner of the building and is responsible for leasing the building space. The land is being leased for 149 years from Capital Properties, Inc. Construction on the building is scheduled for completion in late 2006.

Over the course of 20 years, the building will generate in excess of $20 million in taxes for the City of Providence.

"This coming year will be very busy as we undertake this huge project, but I know that we are all enthusiastic about relocating to Providence and participating in the city's ongoing Renaissance," said Mr. Turner.

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. The Company identifies forward looking statements by words such as "may," "will," "should," "could," "expect," "plan," "anticipate," "intend," "believe," "estimate," "continue," or similar words that refer to the future. 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 and gaming 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 possibility of significant fluctuation of quarterly operating results; (viii) the intensity of competition in the lottery and gaming industries; (ix) the possibility of substantial penalties under and/or termination of the Company's contracts; (x) the ability of the Company to respond to technological change and to satisfy the future technological demands of its customers; (xi) opposition to expansion of lottery and gaming; (xii) the Company's ability to attract and retain key employees; and (xiii) the possibility of adverse determinations in pending legal proceedings.

GTECH, a leading global information technology company with over $1 billion in revenues and more than 5,400 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.