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GTECH HOLDINGS CORPORATION ANNOUNCES AN OFFERING OF ITS COMMON STOCK

 GTECH HOLDINGS CORPORATION ANNOUNCES
 AN OFFERING OF ITS COMMON STOCK
 WEST GREENWICH, R.I., March 31 /PRNewswire/ -- GTECH Holdings Corporation, the parent of GTECH Corporation, announced today that it currently intends to file a registration statement with the Securities and Exchange Commission in connection with a proposed public offering of its common stock, substantially all of the net proceeds of which would be used to retire or redeem certain outstanding securities and for capital expenditures. It is anticipated that the proposed offering will occur during GTECH's second fiscal quarter.
 GTECH said the proposed offering will be made only by means of a prospectus and noted that this news announcement does not constitute a prospectus.
 GTECH Corporation designs, produces, implements, operates and services computerized on-line networks for government-sponsored or licensed lotteries on six continents. GTECH currently supplies and/or operates lottery systems for 25 U.S. customers and 32 jurisdictions outside of the United States.
 GTECH Corporation employs approximately 900 people in Rhode Island and more than 2300 worldwide.
 -0- 3/31/92
 /CONTACT: Heidi Veron of GTECH, 401-392-1000/ CO: GTECH Holdings Corporation; GTECH Corporation ST: Rhode Island IN: CPR SU: OFR


EG -- NE012 -- 3519 03/31/92 15:19 EST
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Publication:PR Newswire
Date:Mar 31, 1992
Words:200
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