<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> DEC-31-1997 <CASH> 78,762 <SECURITIES> 238 <RECEIVABLES> 16,738 <ALLOWANCES> 300 <INVENTORY> 5,710 <CURRENT-ASSETS> 111,750 <PP&E> 179,549 <DEPRECIATION> 20,561 <TOTAL-ASSETS> 972,400 <CURRENT-LIABILITIES> 53,792 <BONDS> 457,912 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 404 <OTHER-SE> 443,749 <TOTAL-LIABILITY-AND-EQUITY> 972,400 <SALES> 0 <TOTAL-REVENUES> 159,487 <CGS> 0 <TOTAL-COSTS> 115,187 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 100 <INTEREST-EXPENSE> 11,760 <INCOME-PRETAX> 36,025 <INCOME-TAX> 14,410 <INCOME-CONTINUING> 21,615 <DISCONTINUED> 0 <EXTRAORDINARY> 75 <CHANGES> 0 <NET-INCOME> 21,690 <EPS-PRIMARY> .52 <EPS-DILUTED> .48