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
August 20, 1997                                   Gregory A. TenEyck
                                                  (301) 843-8600


             EQUUS INCREASES STAKE IN HDA TO 99%
                              
                              
     ST. CHARLES, Md._ Equus Gaming Company L.P. (Nasdaq:

EQUUS), a publicly traded partnership with horse racing

interests in the Caribbean, has increased to 99 percent its

stake in Housing Development Associates S.E. (HDA) as a

result of the redemption by HDA of a 17 percent interest

held by a minority partner.  HDA owns the assets of El

Comandante Race Track in Puerto Rico and a 55 percent

interest in Galapagos, S.A., which operates V Centenario

Race Track in the Dominican Republic.

     As part of the $4.3 million transaction, the minority

partner, Supra and Company, S.E. (Supra), also dismissed a

lawsuit that named Equus and HDA among the defendants, the

details of which have been included in the company's filings

with the Securities and Exchange Commission.

     In addition, Supra canceled certain indebtedness

payable by El Comandante Operating Company (ECOC), the firm

that manages the Puerto Rico race track, which should

improve ECOC's ability to pay outstanding payables to HDA.

                              

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