GTECH, North Carolina Lottery Sign Deal - Wednesday 1st of February 2006

WEST GREENWICH, Rhode Island – GTECH HoldingsCorporation (NYSE: GTK) today announced that its wholly-owned subsidiary,GTECH Corporation, has signed a long-term agreement with the North CarolinaEducation Lottery to provide a fully-integrated online and instant ticketlottery system, lottery terminals, a wireless communications network, InstantTicket Vending Machines (ITVMs), management of warehousing and distribution ofinstant tickets, and ongoing services. Under this agreement, GTECH has alsopartnered with Oberthur Gaming Technologies Corporation (OGT) for the printingof instant tickets. The seven-year agreement is expected to commence on March30, 2006, the anticipated launch date for instant ticket games, and follows acompetitive procurement process.

"We are extremely gratified to be chosen as the full-service provider forthe North Carolina Education Lottery's online and instant ticket games," saidGTECH President and CEO W. Bruce Turner. "In partnership with OGT, GTECH willoffer the North Carolina Education Lottery a complete, end-to-end lotterysolution, which is a testament to our unmatched experience in the lotteryindustry, our proven quality of services, and, most importantly, the integrityand security of our systems.

"GTECH's fully-integrated solution will enable the Lottery to respond tomarket challenges with accelerated innovation, because we offer more robustreporting tools, a larger portfolio of games ready to market, and a unique setof devices and solutions for retail expansion, allowing the Lottery toeffectively manage its growth in the years ahead," continued Mr. Turner.

Under the terms of the seven-year agreement, GTECH will install theCompany's Enterprise Series(TM) technology platform providing both online andinstant ticket functionality, as well as 5,000 Altura(R) terminals initially.The Lottery has the option to grow the terminal base to up to 10,000 overtime. The Company has also agreed to supply up to 1,000 Lottery Inside(TM)retail point-of-sale (POS) solutions which will allow the Lottery to expandits distribution channels by embedding lottery functionality in existingretailer POS hardware. GTECH will also install and maintain 800 ITVMs, and astate-of-the-art, IP wireless communications network, providing the mostsecure and reliable data connection between the host computer and lotteryretailers.

In addition, GTECH and OGT will work together to create, produce, anddeliver instant tickets. "Executing these tickets from concept to gameproduction is the expertise of OGT, and that expertise will be supported byGTECH's skill in efficient warehousing, distributing, marketing, and sellingof the tickets once they are on the market," concluded Mr. Turner.

GTECH will provide ongoing services to the Lottery including maintenanceof the central system, lottery terminals, ITVMs, and communications network;instant games management, warehousing, and distribution; retailer training;marketing support; hotline management; and field service.

With respect to its agreement with the Lottery, GTECH expects to generateapproximately $225 million to $250 million in revenue over the seven-yearcontract term.

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