<ARTICLE>                     5
<LEGEND>
          THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
          ATLANTIC CITY BOARDWALK ASSOCIATES, L.P.'S FORM 10-Q FOR THE QUARTER
          ENDED MARCH 31, 1999 AND IS QUALIFIED IN IT'S ENTIRETY BY REFERENCE
          TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK>                          0000730408
<NAME>                        ATLANTIC CITY BOARDWALK ASSOCIATES, L.P.
<MULTIPLIER>                                      1
<CURRENCY>                                        US
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                            DEC-31-1999
<PERIOD-START>                               JAN-01-1999
<PERIOD-END>                                 MAR-31-1999
<EXCHANGE-RATE>                                        1
<CASH>                                           296,000
<SECURITIES>                                           0
<RECEIVABLES>                                          0
<ALLOWANCES>                                           0
<INVENTORY>                                            0
<CURRENT-ASSETS>                               1,403,000
<PP&E>                                       184,419,000
<DEPRECIATION>                               112,263,000
<TOTAL-ASSETS>                               103,630,000
<CURRENT-LIABILITIES>                          4,519,000
<BONDS>                                       79,559,000
<PREFERRED-MANDATORY>                                  0
<PREFERRED>                                            0
<COMMON>                                               0
<OTHER-SE>                                    19,552,000
<TOTAL-LIABILITY-AND-EQUITY>                 103,630,000
<SALES>                                                0
<TOTAL-REVENUES>                               6,254,000
<CGS>                                                  0
<TOTAL-COSTS>                                  2,816,000
<OTHER-EXPENSES>                               1,437,000
<LOSS-PROVISION>                                       0
<INTEREST-EXPENSE>                             2,858,000
<INCOME-PRETAX>                                 (857,000)
<INCOME-TAX>                                           0
<INCOME-CONTINUING>                             (857,000)
<DISCONTINUED>                                         0
<EXTRAORDINARY>                                        0
<CHANGES>                                              0
<NET-INCOME>                                    (857,000)
<EPS-PRIMARY>                                          0
<EPS-DILUTED>                                          0