<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED FINANCIAL STATEMENTS OF GB HOLDINGS, INC. AND SUBSIDIARIES AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED>
<CIK> 0000912926
<NAME> GB HOLDINGS INC.
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               MAR-31-1998
<CASH>                                          19,705
<SECURITIES>                                         0
<RECEIVABLES>                                   21,462
<ALLOWANCES>                                    13,834
<INVENTORY>                                      3,248
<CURRENT-ASSETS>                                33,554
<PP&E>                                         322,298
<DEPRECIATION>                                 175,340
<TOTAL-ASSETS>                                 192,640
<CURRENT-LIABILITIES>                           18,561
<BONDS>                                        192,915
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             1
<OTHER-SE>                                     (55,966)
<TOTAL-LIABILITY-AND-EQUITY>                   192,640
<SALES>                                              0
<TOTAL-REVENUES>                                55,613
<CGS>                                                0
<TOTAL-COSTS>                                   44,936
<OTHER-EXPENSES>                                 7,953
<LOSS-PROVISION>                                   349
<INTEREST-EXPENSE>                                (260)
<INCOME-PRETAX>                                  2,635
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                              2,635
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     2,635
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0