SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                     ______________________________________

                                    FORM 8-K
                                 CURRENT REPORT
                       PURSUANT TO SECTION 13 OR 15(d) OF
                      THE SECURITIES EXCHANGE ACT OF 1934

     Date of Report (date of earliest event reported):  October 5, 1999

                    ATLANTIC CITY BOARDWALK ASSOCIATES, L.P.
                      ____________________________________
         (Exact name of registrant as specified in its charter)

  New Jersey                      33-27399                         22-2469174
 (State or other                (Commission                       (IRS Employer
 jurisdiction of                File Number)                      Identification
  incorporation)                                                     Number)

    Indiana Avenue & the Boardwalk
    Atlantic City, New Jersey                                  08401
   (Address of principal executive offices)                 (Zip Code)

                         Registrant's telephone number,
                       Including area code: (609) 340-3400








     This Current Report contains 3 pages.




          Item 3. Bankruptcy or Receivership

          On October 5, 1999,  Atlantic City  Boardwalk  Partnership,  L.P. (the
"Partnership")  filed  a  petition  for  reorganization  in  the  United  States
Bankruptcy  Court,  District of New Jersey under Chapter 11 of the United States
Bankruptcy Code.

          The  Partnership  owns  the  land,  buildings,  parking  facility  and
non-gaming depreciable, tangible property (collectively,  "Hotel Assets") of The
Claridge Hotel and Casino ("Claridge") located in Atlantic City, New Jersey. The
Partnership leases the Hotel Assets to The Claridge at Park Place,  Incorporated
("New  Claridge"),  a  wholly-owned  subsidiary of The Claridge Hotel and Casino
Corporation ("Corporation"), under operating leases.

          As previously reported,  the ability of the Partnership to continue to
fulfill  its  obligations  was  dependent  upon the  ability of New  Claridge to
continue to make rental  payments  when due.  The  Corporation  has  experienced
recurring  losses  and  deterioration  in its cash  flow  since  1996  which has
affected the  Corporation's  ability to continue to meet its  obligation  to pay
interest on the $85 million of First  Mortgage  Notes due 2002  ("Notes").  As a
result,  the  Corporation  did not pay the  interest  due  August 2, 1999 on the
Notes, and, on August 16, 1999, the Corporation and New Claridge filed voluntary
petitions under Chapter 11 of the United States Bankruptcy Code. The Trustee for
the  noteholders  has alleged  that the  Partnership's  rights to receive  rent,
pursuant to an  assignment of leases under the  mortgage,  terminated.  This and
others developments in the Corporation and New Claridge bankruptcy cases made it
impossible  for the  Partnership  to continue to meet its  obligations,  and the
Partnership has now also filed for Bankruptcy Court protection.




                                   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 hereunto duly authorized.


                                    ATLANTIC CITY BOARDWALK ASSOCIATES, L.P.


                                    By:  /s/Anthony C. Atchley
                                         Anthony C. Atchley, President

     Dated:  October 7, 1999