<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
SEPTEMBER 30, 1998, CONDENSED FINANCIAL STATEMENTS OF CASINO MAGIC OF
LOUISIANA, CORP. AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS
</LEGEND>
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               SEP-30-1998
<CASH>                                       8,032,576
<SECURITIES>                                 1,599,185
<RECEIVABLES>                                  633,835
<ALLOWANCES>                                         0
<INVENTORY>                                    179,446
<CURRENT-ASSETS>                            10,985,222
<PP&E>                                      95,117,835
<DEPRECIATION>                               8,230,793
<TOTAL-ASSETS>                             138,936,623
<CURRENT-LIABILITIES>                       25,441,894
<BONDS>                                    115,657,551
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             1
<OTHER-SE>                                 (2,162,822)
<TOTAL-LIABILITY-AND-EQUITY>               138,936,623
<SALES>                                     83,857,000
<TOTAL-REVENUES>                            83,857,000
<CGS>                                                0
<TOTAL-COSTS>                               70,044,582
<OTHER-EXPENSES>                             4,946,740
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                          12,620,727
<INCOME-PRETAX>                            (3,755,049)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                        (3,755,049)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                               (3,755,049)
<EPS-PRIMARY>                               (3,755.05)
<EPS-DILUTED>                               (3,755.05)