SECURITIES AND EXCHANGE COMMISSION
                   WASHINGTON, D.C. 20549
   
                        FORM 10-Q/A
   
   (MARK ONE)
   
   [X] Quarterly Report Pursuant to Section 13 or 15(d) of the Securities 
       Exchange Act of 1934 for the quarterly period ended March 31, 1995 
       or
   
   [ ] Transition Report Pursuant to Section 13 or 15(d) of the           
       Securities Exchange Act of 1934 for the transition period from
                            to                     
   
   
   Commission file Number    1-7831   
   
   
   
                    ELSINORE CORPORATION
                                                                         
   (Exact Name of Registrant as Specified in its Charter)
   
   
            Nevada                                        88 0117544
                                                                         
   (State or Other Jurisdiction                        (IRS Employer
    of Incorporation or Organization)               Identification No.)
   
   
             202 FREMONT STREET, LAS VEGAS, NEVADA          89101
                                                                         
             (Address of Principal Executive Offices)      (Zip Code)
   
   
   Registrant's Telephone Number (Including Area Code): 702/385-4011   
   
   
   Indicate by check mark whether the registrant (1) has filed all
   reports required to be filed by Section 13 or 15(d) of the Securities
   Exchange Act of 1934 during the preceding 12 months (or for such
   shorter period that the registrant was required to file such reports),
   and (2) has been subject to such filing requirements for the past
   ninety (90) days.
   
                       YES X          NO     
   
   
   Indicate the number of shares outstanding of each of the issuer's
   classes of common stock, as of the latest practicable date.
   
   
   TITLE OF STOCK                                       NUMBER OF SHARES
       CLASS                      DATE                     OUTSTANDING
                                                                         
       Common                  May 5, 1995                  15,635,218
   
   
   
                               -1-<PAGE>
      <PAGE>
                            SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its
behalf by the undersigned thereunto authorized.


                                            ELSINORE CORPORATION    
                                                (Registrant)




                                      By:   /s/ Thomas E. Martin     
                                          THOMAS E. MARTIN, President
                                          and Chief Executive Officer



                                      By:   /s/ Gary R. Acord        
                                         GARY R. ACORD, Sr. Vice
                                         President and Chief Financial
                                         Officer





Dated:         May 16, 1995                                                  






























                               -14-

<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS UNAUDITED SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE FIRST QUARTER 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
10-Q.
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               MAR-31-1995
<CASH>                                            6893
<SECURITIES>                                         0
<RECEIVABLES>                                     2903
<ALLOWANCES>                                       187
<INVENTORY>                                        262
<CURRENT-ASSETS>                                 11580
<PP&E>                                           64651
<DEPRECIATION>                                   37029
<TOTAL-ASSETS>                                   71279
<CURRENT-LIABILITIES>                            20235
<BONDS>                                          52909
<COMMON>                                            16
                                0
                                          0
<OTHER-SE>                                      (2070)
<TOTAL-LIABILITY-AND-EQUITY>                     71279
<SALES>                                          14682
<TOTAL-REVENUES>                                 15261
<CGS>                                             1470
<TOTAL-COSTS>                                    16696
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                2697
<INCOME-PRETAX>                                 (4132)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             (4132)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    (4132)
<EPS-PRIMARY>                                   (0.28)
<EPS-DILUTED>                                   (0.28)
        

</TABLE>



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