<ARTICLE>                     5
<LEGEND>
     THIS  SCHEDULE  CONTAINS  SUMMARY  FINANCIAL  INFORMATION  EXTRACTED  FROM
     ATLANTIC CITY BOARDWALK ASSOCIATES, L.P.'S FORM 10-Q FOR THR QUARTER ENDED
     SEPTEMBER 30, 1998 AND IS QUALIFIED IN IT'S ENTIRETY BY REFERENCE TO SUCH
     FINANCIAL STATEMENTS.
</LEGEND>
     <CIK>                    0000730408
     <NAME>                   ATLANTIC CITY BOARDWALK
<MULTIPLIER>                                   1000
<CURRENCY>                                     U.S.
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                              DEC-31-1998
<PERIOD-END>                                   SEP-30-1998
<EXCHANGE-RATE>                                       1
<CASH>                                         1,036,000
<SECURITIES>                                           0
<RECEIVABLES>                                          0
<ALLOWANCES>                                           0
<INVENTORY>                                            0
<CURRENT-ASSETS>                               2,366,000
<PP&E>                                       184,218,000
<DEPRECIATION>                               109,641,000
<TOTAL-ASSETS>                               105,189,000
<CURRENT-LIABILITIES>                          8,479,000
<BONDS>                                       75,939,000
<PREFERRED-MANDATORY>                                 0
<PREFERRED>                                           0
<COMMON>                                              0
<OTHER-SE>                                   20,771,000
<TOTAL-LIABILITY-AND-EQUITY>                105,189,000
<SALES>                                               0
<TOTAL-REVENUES>                             21,481,000
<CGS>                                                 0
<TOTAL-COSTS>                                 8,777,000
<OTHER-EXPENSES>                              4,539,000
<LOSS-PROVISION>                                      0
<INTEREST-EXPENSE>                            9,239,000
<INCOME-PRETAX>                              (1,074,000)
<INCOME-TAX>                                          0
<INCOME-CONTINUING>                          (1,074,000)
<DISCONTINUED>                                        0
<EXTRAORDINARY>                                       0
<CHANGES>                                             0
<NET-INCOME>                                 (1,074,000)
<EPS-PRIMARY>                                         0
<EPS-DILUTED>                                         0