<ARTICLE> 5
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-START>                             JAN-01-2000
<PERIOD-END>                               MAR-31-2000
<CASH>                                           5,610
<SECURITIES>                                         0
<RECEIVABLES>                                      345
<ALLOWANCES>                                         0
<INVENTORY>                                        247
<CURRENT-ASSETS>                                10,072
<PP&E>                                         101,645
<DEPRECIATION>                                   6,718
<TOTAL-ASSETS>                                 131,838
<CURRENT-LIABILITIES>                           21,019
<BONDS>                                            731
<PREFERRED-MANDATORY>                            7,000
<PREFERRED>                                          1<F1>
<COMMON>                                             7
<OTHER-SE>                                      94,838
<TOTAL-LIABILITY-AND-EQUITY>                   131,838
<SALES>                                          2,496
<TOTAL-REVENUES>                                11,387
<CGS>                                              538
<TOTAL-COSTS>                                   10,513
<OTHER-EXPENSES>                                 2,565
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 166
<INCOME-PRETAX>                                (1,988)
<INCOME-TAX>                                       218
<INCOME-CONTINUING>                            (2,206)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (2,206)
<EPS-BASIC>                                    ($0.44)
<EPS-DILUTED>                                  ($0.44)
<FN>
<F1>(1) Represents par value of Reading Entertainment Series B preferred stock
</FN>