EXHIBIT 23.1
 

                        CONSENT OF INDEPENDENT AUDITORS

 
The Board of Directors of Acclaim Entertainment, Inc.:
 
We consent to the use in this Registration Statement of Acclaim Entertainment,
Inc. of our report dated November 5, 1997, incorporated by reference herein, and
to the reference to our firm under the heading 'Experts' in the Prospectus.
 
Our report dated November 5, 1997 contains an explanatory paragraph that states
that the Company's significant losses from operations in fiscal 1997 and 1996
and its working capital and stockholders' deficiencies at August 31, 1997 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 we
were unable to review the fiscal 1996 selected quarterly data in accordance with
professional standards.
 
                                          KPMG PEAT MARWICK LLP
 
New York, New York
May 4, 1998