Equus Gaming Co.: News Release

EQUUS GAMING COMPANY L.P.
EXECUTIVE OFFICES
222 Smallwood Village Center, St. Charles, Maryland  20602
(301) 843-8600   FAX (301) 870-5487

                                
                          News Release

FOR IMMEDIATE RELEASE                                  CONTACT
September 25, 1998                                     Juan Horta
                                                       (787) 641-6060


            EQUUS GAMING REPORTS HURRICANE DAMAGE TO
                     EL COMANDANTE RACETRACK


     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 that due to
the extensive damages caused by Hurricane Georges, racing
operations at El Comandante Racetrack in Puerto Rico have been
suspended.

     A time frame for the track's reopening will be announced as
soon as an assessment of the damages has been completed next
week.

     The hurricane's path took it across the center of Puerto
Rico from east to west wreaking substantial damage island wide.

     The racetrack and its contents are covered by adequate
insurance including business interruption insurance.

     Management and the consultants including the insurance
company adjusters are working diligently to restore the racetrack
to full operation in the shortest possible time.


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