Equus Gaming Co.: Other News Release

EQUUS GAMING COMPANY L.P.
EXECUTIVE OFFICES
222 Smallwood Village Center, St. Charles, Maryland
(301) 843-8600  Fax (301) 870-5487

                              
                        News Release

FOR IMMEDIATE RELEASE
                                                   CONTACT
July 7, 1997                                       Gregory A. TenEyck
                                                   (301) 843-8600

               EL COMANDANTE REPORTS WAGERING
               COMMISSIONS FOR SECOND QUARTER
                              
     ST. CHARLES, Md._ Equus Gaming Company L.P. (Nasdaq:

EQUUS), a publicly traded partnership with horse racing and

gaming interests in the Caribbean, announced today that El

Comandante Operating Company, Inc. (ECOC) has reported that

its commissions on wagering at El Comandante Race Track in

Puerto Rico were $14,492,000 for the quarter ended June 30,

1997, a slight increase from $14,467,000 for same three

months in 1996.

     The track's commissions on wagering for the first six

months of 1997 were $28,451,000, down from $29,674,000 for

the 1996 six months.

     For the three and six months ended June 30, 1997, El

Comandante hosted 65 and 127 race days, respectively,

compared with 62 and 123 for the same periods in 1996.

     El Comandante hosts racing five days a week year round.

All races are broadcast on live television throughout Puerto

Rico, where there are approximately 670 off-track betting

(OTB) agencies.  Additionally, El Comandante races are

simulcast to approximately 265 OTB agencies in the Dominican

Republic.

     Equus has an 82 percent interest in Housing Development

Associates, S.E. (HDA), a partnership that owns El

Comandante.  ECOC leases the track and pays HDA 25 percent

of wagering commissions as rent.  HDA also owns a 55 percent

interest in Galapagos, S.A., which operates a government-

owned race track and OTB agency system in the Dominican

Republic.

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