<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM JUNE 30,
1998, CONSOLIDATED FINANCIAL STATEMENTS OF CASINO MAGIC CORP. AND ITS
SUBSIDIARIES AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               JUN-30-1998
<CASH>                                      17,470,386
<SECURITIES>                                11,699,487
<RECEIVABLES>                                3,648,060
<ALLOWANCES>                                         0
<INVENTORY>                                  1,129,128
<CURRENT-ASSETS>                            38,097,587
<PP&E>                                     346,367,047
<DEPRECIATION>                              66,535,572
<TOTAL-ASSETS>                             382,747,179
<CURRENT-LIABILITIES>                       50,806,822
<BONDS>                                    259,545,594
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       357,221
<OTHER-SE>                                  66,973,656
<TOTAL-LIABILITY-AND-EQUITY>               382,747,179
<SALES>                                    147,497,856
<TOTAL-REVENUES>                           147,497,856
<CGS>                                                0
<TOTAL-COSTS>                              124,730,401
<OTHER-EXPENSES>                             1,355,717
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                          14,980,269
<INCOME-PRETAX>                              6,431,469
<INCOME-TAX>                                 1,112,173
<INCOME-CONTINUING>                          4,467,523
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 4,467,523
<EPS-PRIMARY>                                      .13
<EPS-DILUTED>                                      .12