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GTECH HOLDINGS CORPORATION ANNOUNCES ANALYST MEETING WEBCAST

WEST GREENWICH, RI - (May 16, 2005) - GTECH Holdings Corporation (NYSE:GTK) today announced that it will webcast an analyst meeting being held on Wednesday, May 18, 2005, at the Mandarin Oriental Hotel in Washington , DC .

Subject: 2005 Analyst Meeting

Date: Wednesday, May 18, 2005

Time: 1:00 p.m. - 4:00 p.m. (Eastern Daylight Time)

Where: www.gtech.com

How: Live over the Internet

Simply log on to the web address above, and click on the webcast icon located on the homepage or in the Investors' section.

Members of GTECH's senior management team, led by GTECH President and CEO W. Bruce Turner and Atronic CEO Michael Gauselmann, will provide an overview of GTECH's business opportunities and financial outlook to analysts, as well as conduct question-and-answer sessions and demonstrate products.

If you are unable to listen to this meeting live, it will be available for replay on GTECH's website in the Investors' section beginning at 6:00 p.m. (Eastern Daylight Time) on May 18, 2005 , through May 17, 2006.

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 .