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                                                                    Exhibit 31.2

                                  CERTIFICATION

I, Jaymin B. Patel, Senior Vice President and Chief Financial Officer of GTECH
Holdings Corporation (the "Company"), certify that:

(1)      I have reviewed this annual report on Form 10-K of the Company;

(2)      Based on my knowledge, this report does not contain any untrue
         statement of a material fact or omit to state a material fact necessary
         to make the statements made, in light of the circumstances under which
         such statements were made, not misleading with respect to the period
         covered by this report;

(3)      Based on my knowledge, the financial statements, and other financial
         information included in this report, fairly present in all material
         respects the financial condition, results of operations and cash flows
         of the Company as of, and for, the periods presented in this report;

(4)      The Company's other certifying officer and I are responsible for
         establishing and maintaining disclosure controls and procedures (as
         defined in Exchange Act Rules 13a -15(e) and 15d-15(e)) for the Company
         and we have:

         (a)  designed such disclosure controls and procedures, or caused such
              disclosure controls and procedures to be designed under our
              supervision, to ensure that material information relating to the
              Company, including its consolidated subsidiaries, is made known to
              us by others within those entities, particularly during the period
              in which this report was being prepared;

         (b)  evaluated the effectiveness of the Company's disclosure controls
              and procedures and presented in this report our conclusions about
              the effectiveness of the disclosure controls and procedures, as of
              the end of the period covered by this report based on such
              evaluation; and

         (c)  disclosed in this report any change in the Company's internal
              control over financial reporting (as defined in Exchange Act Rules
              13-15(f) and 15d-15(f)) that occurred during the Company's most
              recent fiscal quarter (the Company's fourth fiscal quarter in the
              case of this report) that has materially affected, or is
              reasonably likely to materially affect, the Company's internal
              control over financial reporting; and

(5)      The Company's other certifying officer and I have disclosed, based on
         our most recent evaluation, of internal control over financial
         reporting, to the Company's auditors and the audit committee of the
         Company's board of directors:

         (a)  all significant deficiencies and material weaknesses in the design
              or operation of internal control over financial reporting which
              are reasonably likely to adversely affect the Company's ability to
              record, process, summarize and report financial information; and

         (b)  any fraud, whether or not material, that involves management or
              other employees who have a significant role in the Company's
              internal control over financial reporting.


                           GTECH HOLDINGS CORPORATION


         Date: May 12, 2004         By /s/ Jaymin B. Patel
                                    ------------------------------------------
                                    Jaymin B. Patel, Senior Vice President and
                                    Chief Financial Officer