Equus Gaming Co., L.P. (fka EQUUS)

[deet49]

In Puerto Rico, a new 10- year contract expiring on December 31, 2010
was signed on July 1, 2000 with the Horseowners' Association. The
contract leaves the distribution of the ``Take'' or commissions on
wagering at the same 50% split between the Horseowners and El
Comandante. The contract also provides for: (1) three imported races per
live racing day, (2) increase in the number of races per day from 7 to
8, (3) guarantees a minimum of at least 8 horses in each race, (4) also
allows for additional simulcast (broadcast) of live races from Puerto
Rico to other jurisdictions. As a result of the new contract with
Horseowners, the handle revenues and share of wagering commissions at El
Comandante is expected to increase substantially in future years.


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