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GTECH Licenses THE GAME OF LIFE Property to Provide Popular Themed-Play Experience in the Casino and Government-Sponsored Environments WEST GREENWICH, R.I., Dec. 20 /PRNewswire-FirstCall/ -- GTECH Holdings Corporation (NYSE:GTK) announced today that its wholly-owned subsidiary, GTECH Corporation, signed a licensing agreement with the Hasbro Properties Group, the intellectual property development arm of Hasbro, Inc. (NYSE:HAS). The license grants GTECH the exclusive rights in the United States and Canada to develop and market slot machines and video lottery terminals (VLTs) featuring THE GAME OF LIFE property brand in the casino and government- sponsored environments. "GTECH's focus remains on enhancing the entertainment value of the gaming experience for our players," said Marc Crisafulli, Senior Vice President of Gaming Solutions for GTECH. "THE GAME OF LIFE is one of the world's most popular board games and will become the foundation of a multi-game development effort by GTECH in the gaming machine market. In fact, this is the first license for branded content in our Gaming Solutions' efforts. With the familiar icons and game play of the classic board game, THE GAME OF LIFE is sure to evoke fond memories and create new ones for anyone that plays." "GTECH presented a compelling business opportunity that we believe will maximize the strength of THE GAME OF LIFE brand in the gaming environment and allow millions of adults to enjoy this classic game in new and unique ways," said Jane Ritson-Parsons, President of Hasbro Properties Group. "We look forward to many years of entertaining gaming products themed to THE GAME OF LIFE from GTECH's team of creative game developers." "We are excited about working with Hasbro and expanding our gaming business through the licensing of proven and popular game content, such as THE GAME OF LIFE," continued Mr. Crisafulli. Spielo, a GTECH subsidiary, will develop the games on its platforms and manufacture and distribute the games to the government-sponsored gaming markets. Global gaming machine supplier, Atronic, has been pre-approved by Hasbro to be one of GTECH's sub-licensees, granting Atronic the right to develop the games on its platforms and manufacture and distribute the games to Native American and commercial gaming markets. GTECH acquired leading gaming machine manufacturer Spielo in 2004, and, in the past year, announced an agreement to acquire a 50 percent controlling equity interest in Atronic. Game development plans include linked progressive games and stand-alone dedicated games themed to THE GAME OF LIFE. Joint efforts between GTECH, Atronic, and Spielo resulted in the positive outcome of this transaction and demonstrate the strength of the new alliance in the gaming industry. The first GAME OF LIFE branded slot games are expected to be available to the North American gaming market in the second half of calendar 2006. 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. About GTECH GTECH is a leading gaming technology and services company. With more than $1.25 billion in annual revenues and 5,300 people in over 50 countries, GTECH provides integrated technology, creative content, and business services to effectively manage and grow today's evolving gaming markets. In targeted emerging economies, GTECH also leverages its operational presence and infrastructure to supply commercial transaction processing services. For more information about the Company, please visit GTECH's website at http://www.gtech.com/. About Hasbro Properties Group The Hasbro Properties Group (HPG), the intellectual property development arm of Hasbro, Inc., (NYSE:HAS), translates one of the industry's richest portfolios of brands into a world of fun and excitement for children and adults globally. Through a host of publishing, lifestyle and entertainment platforms, HPG is able to surround fans worldwide with consumer products that expand Hasbro's core brands, such as TRANSFORMERS, DUEL MASTERS, MY LITTLE PONY, MONOPOLY and CANDY LAND, beyond the toy and game aisle, creating rich lifestyle experiences. Contact: Robert K. Vincent Public Affairs GTECH Corporation 401-392-7452 Gail Carvelli Corporate Communications Hasbro, Inc. 401-727-5318 DATASOURCE: GTECH Holdings Corporation CONTACT: Robert K. Vincent, Public Affairs of GTECH Corporation, +1-401-392-7452; or Gail Carvelli, Corporate Communications of Hasbro, Inc., +1-401-727-5318 Web site: http://www.gtech.com/

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