GTECH gambling on new strategies

WEST GREENWICH, R.I. — GTECH Holding Corp., a leading supplier of systems and
services to the lottery and gaming industries, is betting that expansion of its
services in other directions will improve upon what it expects to be slow growth
in the lottery industry over the next several years. The company announced that
it will spend the summer exploring new strategic directions in areas such as offering
financial services to emerging countries. The announcements were made as GTECH
announced that first quarter sales were down 3 percent from $242 million last
year to $235 million this year, and net income was down 5.4 percent to $19.1 million.