Equus Gaming Co.: News Release


                          
                            News Release

FOR IMMEDIATE RELEASE                                  CONTACT
November 16, 1998                                      Juan Horta
                                                       (787) 754-6525
                                                       (787) 641-6060


                EQUUS GAMING ANNOUNCES RESUMPTION OF
                   RACING PROGRAM AT EL COMANDANTE
                                  


     SAN JUAN, PUERTO RICO -- Equus Gaming Company L.P. (Nasdaq:

EQUUS), a publicly traded partnership with horse racing and gaming

interests in the Caribbean, today announced resumption of live racing

with seven races conducted on Saturday and seven races on Sunday at

El Comandante race track.  In spite of the wet, rainy conditions over

the last two weeks, the rebuilt track was in satisfactory condition.

The handle on Saturday was $587,000 and $645,000 on Sunday.  The

track normally operates with 700 agencies; however, a number of

locations in Puerto Rico still have communication outages as a result

of Hurricane Georges.  The track had 550 agencies operating for the

Saturday and Sunday programs.

     The handle for these two days is approximately 55 percent of the

handle for similar Saturdays and Sundays before Hurricane Georges

struck.  Management of El Comandante is pleased that the racing

program has resumed even though considerable work has to be performed

on the clubhouse and grandstands which is estimated to be completed

in six months.

     Equus owns and operates El Comandante racetrack in Puerto Rico

and also operates through its subsidiaries:  V Centenario

Thoroughbred Racetrack in the Dominican Republic, Presidente Remon in

Panama and Los Comuneros Racetrack in Medell¡n, Columbia.

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