<ARTICLE> 5
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               DEC-31-1999
<CASH>                                          13,277
<SECURITIES>                                         0
<RECEIVABLES>                                      409
<ALLOWANCES>                                         0
<INVENTORY>                                        316
<CURRENT-ASSETS>                                15,881
<PP&E>                                          95,772
<DEPRECIATION>                                   6,294
<TOTAL-ASSETS>                                 138,496
<CURRENT-LIABILITIES>                           19,796
<BONDS>                                          1,035
<PREFERRED-MANDATORY>                            7,000
<PREFERRED>                                          1<F1>
<COMMON>                                             7
<OTHER-SE>                                     102,675
<TOTAL-LIABILITY-AND-EQUITY>                   138,496
<SALES>                                          8,450
<TOTAL-REVENUES>                                40,319
<CGS>                                            1,930
<TOTAL-COSTS>                                   35,497
<OTHER-EXPENSES>                                47,639
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 380
<INCOME-PRETAX>                               (40,259)
<INCOME-TAX>                                       923
<INCOME-CONTINUING>                           (41,182)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (41,182)
<EPS-BASIC>                                     (6.11)
<EPS-DILUTED>                                   (6.11)
<FN>
<F1>Represents par value of Reading Entertainment Series B preferred stock.
</FN>