EXHIBIT 23.1
 
                        CONSENT OF INDEPENDENT AUDITORS
 
The Board of Directors
Acclaim Entertainment, Inc:
 
     We consent to the use in this Registration Statement of Acclaim
Entertainment, Inc. of our report dated December 16, 1996, and to the reference
to our firm under the heading 'Experts' in the Prospectus.
 
     Our report dated December 16, 1996, contains an explanatory paragraph that
states that the Company's significant loss from operations in fiscal 1996, the
Company's violation of certain loan covenants and various uncertainties
including the resolution of litigation raise substantial doubt about its ability
to continue as a going concern. The consolidated financial statements do not
include any adjustments that might result from the outcome of that uncertainty.
The report also indicates that the auditors were unable to review the selected
quarterly data in accordance with professional standards.
 

                                          KPMG PEAT MARWICK LLP
 
New York, New York
March 21, 1997