(PAGE) SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
(Mark One)
/X/ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
FOR THE QUARTERLY PERIOD ENDED MARCH 31, 1998, OR
/ / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
FOR THE TRANSITION PERIOD FROM __________TO___________
Commission file number 000-25306
EQUUS GAMING COMPANY L.P.
_______________________________________________________
(Exact name of registrant as specified in its charter)
Virginia 54-1719877
_______________________________ ___________________
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
650 Munoz Rivera Avenue
Doral Building, 7th Floor
Hato Rey, PR 00918
_____________________________________________________
(Address of Principal Executive Offices and Zip Code)
(787) 753-0676
____________________________________________________
(Registrant's telephone number, including area code)
Not Applicable
_______________________________________________________
(Former name, former address and former fiscal year, if
changed since last report)
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such report(s), and (2) has been subject to
such filing requirements for the past 90 days. Yes X No
Indicate the number of shares outstanding of each of the issuer's classes
of common stock, as of the latest practicable date. 6,333,617 Class A Units
AMENDMENT
The primary purpose of this amendment is to correct a clerical error in
one page of the financial statements of the registrant. Also, the I.R.S.
Employer Identification No. was incorrect.
Documents Incorporated by Reference:
The entire form 10-Q for the quarterly period ended March 31, 1998, except for
the one page enclosed herein.
(PAGE)
EQUUS GAMING COMPANY L.P.
CONSOLIDATED BALANCE SHEETS
continued
March 31, December 31,
1998 1997
----------- -----------
(Unaudited) (Audited)
LIABILITIES:
CURRENT LIABILITIES:
Notes payable $ 2,725,000 $ 1,010,000
Current portion of capital lease
obligations 731,286 260,706
Accrued interest 2,258,169 1,484,973
Accounts payable and accrued liabilities 6,186,728 335,670
Outstanding winning tickets and refunds 1,233,726 68,857
----------- -----------
13,134,909 3,160,206
CAPITAL LEASE OBLIGATIONS 1,435,460 354,991
NOTES PAYABLE - 250,000
FIRST MORTGAGE NOTES, net of note discount
of $1,351,436 and $1,398,887, respectively 63,411,564 63,364,113
DEFERRED INCOME TAXES 1,168,094 1,068,594
MINORITY INTEREST 52,655 82,631
----------- -----------
79,202,682 68,280,535
----------- -----------
PARTNERS' DEFICIT:
General Partners (767,829) (728,644)
Limited Partners- 6,383,617 units
authorized; 6,333,617 units issued
and outstanding (15,243,882) (11,364,532)
----------- -----------
(16,011,711) (12,093,176)
----------- -----------
$63,190,971 $56,187,359
=========== ===========
The accompanying notes are an integral part
of these statements.
(PAGE)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Equus Gaming Company L.P.
-----------------------------------
(Registrant)
By: Equus Management Company
Managing General Partner
July 2, 1998 By: /s/ Gretchen Gronau
- ----------------- -----------------------------
Date Gretchen Gronau
Vice President and
Chief Financial Officer
