WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE. <ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the financial statements of Alpha Hospitality Corporation and Subsidiaries as contained in the Annual Report on Form 10-K for the fiscal year ended December 31, 1997. </LEGEND> <PERIOD-TYPE> 12-MOS 9-MOS 6-MOS 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> DEC-31-1997 SEP-30-1997 JUN-30-1997 MAR-31-1997 <CASH> 2211 <SECURITIES> 0 <RECEIVABLES> 650 <ALLOWANCES> 635 <INVENTORY> 276 <CURRENT-ASSETS> 23066 <PP&E> 10048 <DEPRECIATION> 5113 <TOTAL-ASSETS> 29993 <CURRENT-LIABILITIES> 12650 <BONDS> 13739 <PREFERRED-MANDATORY> 0 <PREFERRED> 8 <COMMON> 145 <OTHER-SE> 8680 <TOTAL-LIABILITY-AND-EQUITY> 29993 <SALES> 0 <TOTAL-REVENUES> 31633 <CGS> 30996 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 5648 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3138 <INCOME-PRETAX> (8149) <INCOME-TAX> (6375) <INCOME-CONTINUING> (1774) <DISCONTINUED> 0 <EXTRAORDINARY> 4609 <CHANGES> 0 <NET-INCOME> 2835 <EPS-PRIMARY> .20 (.39) (.23) (.10) <EPS-DILUTED> .09 (.39) (.23) (.10) <FN> Tag #30 - Amount includes depreciation and amortization of $5,094,000 and development costs of $554,000. </FN>