<ARTICLE> 5
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               JUN-30-1999
<CASH>                                          36,388
<SECURITIES>                                         0
<RECEIVABLES>                                      541
<ALLOWANCES>                                         0
<INVENTORY>                                        229
<CURRENT-ASSETS>                                38,993
<PP&E>                                          63,142
<DEPRECIATION>                                   6,094
<TOTAL-ASSETS>                                 175,355
<CURRENT-LIABILITIES>                           14,979
<BONDS>                                          1,023
<PREFERRED-MANDATORY>                            7,000<F1>
<PREFERRED>                                          1
<COMMON>                                             7
<OTHER-SE>                                     143,982
<TOTAL-LIABILITY-AND-EQUITY>                   175,355
<SALES>                                          3,712
<TOTAL-REVENUES>                                18,230
<CGS>                                              802
<TOTAL-COSTS>                                   15,916
<OTHER-EXPENSES>                                 5,333
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                  (702)
<INCOME-TAX>                                       488
<INCOME-CONTINUING>                            (1,190)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (1,190)
<EPS-BASIC>                                    ($0.45)
<EPS-DILUTED>                                  ($0.45)
<FN>
<F1>Represents par value of Reading Entertainment Series B preferred stock
</FN>