<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONDENSED CONSOLIDATED BALANCE SHEET AT JUNE 30, 1998 (UNAUDITED) AND THE
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS FOR THE SIX MONTHS ENDED JUNE 30,
1998 (UNAUDITED) AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               JUN-30-1998
<CASH>                                         333,570
<SECURITIES>                                     2,638
<RECEIVABLES>                                   10,922
<ALLOWANCES>                                     3,033
<INVENTORY>                                     23,596
<CURRENT-ASSETS>                               389,385
<PP&E>                                         414,000
<DEPRECIATION>                                   6,978
<TOTAL-ASSETS>                               1,644,833
<CURRENT-LIABILITIES>                           96,706
<BONDS>                                      1,111,167
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                     98,886
<COMMON>                                       395,428
<OTHER-SE>                                   (197,593)
<TOTAL-LIABILITY-AND-EQUITY>                 1,644,833
<SALES>                                          4,371
<TOTAL-REVENUES>                                17,747
<CGS>                                            2,229
<TOTAL-COSTS>                                    6,996
<OTHER-EXPENSES>                                19,915
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              44,385
<INCOME-PRETAX>                               (84,931)
<INCOME-TAX>                                  (10,552)
<INCOME-CONTINUING>                           (74,379)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (74,379)
<EPS-PRIMARY>                                   (2.04)
<EPS-DILUTED>                                   (2.04)