<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM BALANCE
SHEET AND STATEMENT OF OPERATIONS 3-31-96 AND IS QUALIFIED IN ITS ENTIRETY BY
SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-START> JUL-01-1995
<PERIOD-END> MAR-31-1996
<CASH> 154,273
<SECURITIES> 0
<RECEIVABLES> 8,018
<ALLOWANCES> 0
<INVENTORY> 73,898
<CURRENT-ASSETS> 456,283
<PP&E> 7,967,987
<DEPRECIATION> 707,355
<TOTAL-ASSETS> 13,273,882
<CURRENT-LIABILITIES> 3,159,603
<BONDS> 6,050,214
<COMMON> 6,360
0
213
<OTHER-SE> 3,874,736
<TOTAL-LIABILITY-AND-EQUITY> 13,273,882
<SALES> 1,229,301
<TOTAL-REVENUES> 2,790,268
<CGS> 451,488
<TOTAL-COSTS> 648,380
<OTHER-EXPENSES> 318,453
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 546,060
<INCOME-PRETAX> (1,058,168)
<INCOME-TAX> 0
<INCOME-CONTINUING> (1,058,168)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (1,058,168)
<EPS-PRIMARY> (.192)
<EPS-DILUTED> 0
</TABLE>
<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
Amendment No. 1
(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, 1996.
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: 0-21070
International Tourist Entertainment Corporation
-----------------------------------------------------
(Exact name of registrant as specified in its charter)
U.S. Virgin Islands 66-0426648
- ------------------------------- -------------------
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
7030 Park Centre Drive, Salt Lake City, Utah 84121
- -------------------------------------------- -------------
(Address of principal executive offices) (ZIP Code)
(801) 566-9000
---------------------------------------------------
(Registrant's telephone number, including area code)
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 90 days.
1. X Yes No
----- ------
2. X Yes No
----- ------
The number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date is:
Class Outstanding at March 31, 1996
- ----------------------------- -----------------------------
Common Stock, $.001 Par Value 6,359,985 shares
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.
INTERNATIONAL TOURIST
-------------------------
ENTERTAINMENT CORPORATION
-------------------------
Registrant
Date June 26, 1996 /s/ Kelvyn H. Cullimore
-------------------- ----------------------------
Kelvyn H. Cullimore
President
Chief Executive Officer
Duly Authorized Officer
Date June 26, 1996 /s/ Keith E. Turner
--------------------- -----------------------------
Keith E. Turner
Treasurer
Principal Financial Officer and
Chief Accounting Officer
