SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C.  20549

                                   FORM 10-QSB

                                   (Mark one)
[ X ]  Quarterly Report Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934

                   FOR THE FISCAL QUARTER ENDED MARCH 31, 2000

                                       OR

[   ]  Transition Report Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934

Commission file No. 0-13530
                    --------

                          AMERICAN BINGO & GAMING CORP.
                          -----------------------------
        (Exact name of small business issuer as specified in its charter)

              DELAWARE                                         74-2723809
              --------                                         ----------
    (State or other jurisdiction                             (I.R.S. Employer
    of incorporation or organization)                        Identification No.)


                1440 CHARLESTON HIGHWAY,  WEST COLUMBIA, SC 29169
                -------------------------------------------------
                    (Address of principal executive offices)


                                 (803) 796-7875
                                 --------------
                           (Issuer's telephone number)

                                       N/A
                                       ---
      (Former name, address and fiscal year, if changed since last report)

Indicate by check mark whether the issuer (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 issuer was required
to file such reports), and (2) has been subject to such filing requirements for
the past 90 days.
YES [ X ]     NO  [  ]

As of April 28, 2000, the Issuer had 8,251,490 shares of its Common Stock, par
value $.001 per share, issued and outstanding.

Transitional Small Business Disclosure Format: YES [   ]     NO  [X ]


<PAGE>
                          American Bingo & Gaming Corp.

                                   FORM 10-QSB

                      For the quarter ended March 31, 2000

                                      INDEX

<TABLE>
<CAPTION>
Part  I.  Financial  Information

          Item  1.   Financial  Statements
<S>                                                                                      <C>
                     a)    Consolidated Statements of Operations for the Three
                             Months Ended March 31, 1999 and 2000 . . . . . . . . . . .    2
                     b)    Consolidated Balance Sheet as of March 31, 2000  . . . . . .    3
                     c)    Consolidated Statements of Cash Flows for the Three
                             Months Ended March 31, 1999 and 2000 . . . . . . . . . . .    4
                     d)    Notes to Consolidated Financial Statements . . . . . . . . .    6

          Item 2.   Management's Discussion and Analysis of Financial Condition
                    And Results of Operations . . . . . . . . . . . . . . . . . . . . .   13
Part II.  Other Information

          Item 1.   Legal Proceedings     . . . . . . . . . . . . . . . . . . . . . . .   16
          Item 6.   Exhibits and Reports on Form 8-K  . . . . . . . . . . . . . . . . .   16
Signatures
</TABLE>


                                        1
<PAGE>
PART  I  -  FINANCIAL  INFORMATION
ITEM  1.  FINANCIAL  STATEMENTS

AMERICAN  BINGO  &  GAMING  CORP.
CONSOLIDATED  STATEMENTS  OF  OPERATIONS  (UNAUDITED)
<TABLE>
<CAPTION>
                                                                                     Three  Months  Ended  March  31,
                                                                                            2000          1999
                                                                                            ----          ----
<S>                                                                                      <C>          <C>
REVENUES:
  Video Gaming                                                                           $1,848,377   $1,974,322
  Bingo                                                                                   1,358,225    1,372,361
  Other                                                                                     140,242      274,445
                                                                                         -----------  -----------
TOTAL REVENUES                                                                            3,346,844    3,621,128
                                                                                         -----------  -----------
COSTS AND EXPENSES:
     Direct salaries and other compensation                                                 218,803      289,547
     Rent and utilities ($26,310 and $26,310, respectively to related parties)              468,048      536,393
     Direct operating costs                                                                 351,152      619,019
     Depreciation and amortization                                                          538,944      727,430
     License expense                                                                        407,653      461,491
     General and administrative                                                             283,722      885,298
                                                                                         -----------  -----------
TOTAL COSTS AND EXPENSES                                                                  2,268,322    3,519,178
                                                                                         -----------  -----------
OPERATING INCOME                                                                          1,078,522      101,950

OPERATING INCOME AND EXPENSES:
     Interest and investment income ($1,227 and $7,265 respectively to related parties)      44,425       59,443
     Interest expense ($4,812 and $6,688, respectively to related parties)                  (36,765)     (71,304)
     Gain on settlement with a related party, net of legal expenses of $100,000                 ---      137,321
     Other income and (expense)                                                              (4,447)      33,000
                                                                                         -----------  -----------
TOTAL OTHER INCOME AND EXPENSES                                                               3,213      158,460
                                                                                         -----------  -----------
NET INCOME BEFORE PROVISION FOR INCOME TAXES                                              1,081,735      260,410

PROVISION FOR INCOME TAXES                                                                    9,424      184,068
                                                                                         -----------  -----------
NET INCOME                                                                                1,072,311       76,342

OTHER COMPREHENSIVE INCOME (LOSS)                                                            (8,024)         ---
                                                                                         -----------  -----------
NET COMPREHENSIVE INCOME                                                                 $1,064,287   $   76,342
                                                                                         ===========  ===========
EARNINGS PER SHARE:
  Basic                                                                                  $      .12   $      .01
                                                                                         ===========  ===========
  Diluted                                                                                $      .12   $      .01
                                                                                         ===========  ===========

Weighted average shares outstanding - basic                                               9,159,177    9,851,316

Weighted average shares outstanding - diluted                                             9,159,177    9,851,316
</TABLE>
                    See  notes  to  consolidated  financial  statements.


                                        2
<PAGE>
AMERICAN  BINGO  &  GAMING  CORP.
CONSOLIDATED  BALANCE  SHEET  (UNAUDITED)
<TABLE>
<CAPTION>
                              ASSETS
                              ------
<S>                                                                    <C>
                                                                       March 31, 2000
                                                                       ----------------
Current Assets:
  Cash and cash equivalents                                            $     3,567,245
  Accounts receivable, net of allowance for doubtful
    accounts of $72,424                                                        561,868
  Prepaid license expense - current portion                                    991,805
  Equity Securities, available for sale                                        252,502
  Other prepaid expenses                                                       118,459
                                                                       ----------------
      Total Current Assets                                                   5,491,879
                                                                       ----------------

Property and Equipment - at cost, net of accumulated
    depreciation and amortization                                            3,353,117

Other Assets:
  Notes receivable - ($60,357 to related parties)                               60,357
  Prepaid license expense - net of current portion                             133,627
  Intangible assets, net                                                     3,830,898
  Other non-current assets                                                     254,114
                                                                       ----------------
      Total Other Assets                                                     4,278,996
                                                                       ----------------

TOTAL ASSETS                                                           $    13,123,992
                                                                       ================

                     LIABILITIES AND STOCKHOLDERS' EQUITY
                     ------------------------------------

Current Liabilities:
  Notes payable - current portion ($102,967 to related parties)        $       711,778
  Capital leases payable - current portion                                     153,289
  Trade accounts payable                                                       170,671
  Accrued expenses and other current liabilities                               257,954
                                                                       ----------------
      Total Current Liabilities                                              1,293,692
                                                                       ----------------

Long-term Liabilities:
  Notes payable, net of current portion ($121,237 to related parties)          264,674
  Capital leases payable, net of current portion                                21,806
                                                                       ----------------
      Total Long-term Liabilities                                              286,480
                                                                       ----------------

Stockholders' Equity:
  Common stock, $.001 par value, (authorized 20,000,000 shares,
    issued 10,177,290 shares, outstanding 8,276,490 shares)                     10,177
  Additional paid-in-capital                                                23,658,349
  Treasury stock - 1,900,800 shares, at cost                                (2,351,197)
  Accumulated other comprehensive income (loss)                                 (8,024)
  Accumulated deficit                                                       (9,765,485)
                                                                       ----------------
      Total Stockholders' Equity                                            11,543,820
                                                                       ----------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                             $    13,123,992
                                                                       ================
</TABLE>
                 See notes to consolidated financial statements.


                                        3
<PAGE>
<TABLE>
<CAPTION>
AMERICAN  BINGO  &  GAMING  CORP.
CONSOLIDATED  STATEMENTS  OF  CASH  FLOWS  (UNAUDITED)
                                                                      Three  Months  Ended  March  31,
                                                                              2000          1999
                                                                           ------------  -----------
CASH  FLOWS  FROM  OPERATING  ACTIVITES:
<S>                                                                        <C>           <C>
  Net income                                                               $ 1,072,311   $   76,342
  Adjustments to reconcile net income to
    net cash provided by operating activities:
  Depreciation and amortization                                                538,944      724,186
  Provision for uncollectible receivables                                          ---       75,631
  Gain on litigation settlement                                                    ---        1,300
  Increase (decrease) in cash flows as a result of changes in
    asset and liability account balances:
      Accounts receivable                                                      (62,586)    (209,279)
      Prepaid licenses                                                         393,700       91,704
      Deposits                                                                 (74,600)      (5,918)
      Other prepaid expenses and current assets                                 14,594      131,446
      Trade accounts payable                                                   106,973      (40,704)
      Accrued expenses and other current liabilities                          (249,946)      52,048
                                                                           ------------  -----------
NET CASH PROVIDED BY OPERATING ACTIVITIES                                    1,739,390      896,756
                                                                           ------------  -----------
CASH FLOWS FROM INVESTING ACTIVITIES:
  Purchase of equity securities                                               (260,526)         ---
  Property and equipment expenditures                                         (188,976)    (404,998)
  Collections of notes receivable                                               32,008      170,226
  Issuance of notes receivable                                                     ---      (20,000)
  Reductions of notes receivable allowance                                         ---      (32,896)
  Proceeds from sale of property and equipment                                     ---        7,335
                                                                           ------------  -----------
NET CASH USED IN INVESTING ACTIVITIES                                         (417,494)    (280,333)
                                                                           ------------  -----------
CASH FLOWS FROM FINANCING ACTIVITIES:
  Payments on capital lease obligations                                        (48,000)    (113,778)
  Payments on notes payable                                                    (24,484)    (397,885)
  Purchase of treasury stock                                                (1,547,110)         ---
  Proceeds from issuance of common stock for employee stock purchase plan          ---        3,000
  Proceeds from option exercises                                                   ---      311,581
  Proceeds from margin line of credit                                              ---          ---
                                                                           ------------  -----------
NET CASH USED IN FINANCING ACTIVITIES                                       (1,619,594)    (197,082)
                                                                           ------------  -----------
NET INCREASE (DECREASE) IN CASH                                               (297,698)     419,341

CASH AT BEGINNING OF PERIOD                                                  3,864,943    3,953,401
                                                                           ------------  -----------
CASH AT END OF PERIOD                                                      $ 3,567,245   $4,372,742
                                                                           ============  ===========
</TABLE>
                         See  notes  to  consolidated  financial  statements.


                                        4
<PAGE>
<TABLE>
<CAPTION>
AMERICAN  BINGO  &  GAMING  CORP.
CONSOLIDATED  STATEMENTS  OF  CASH  FLOWS  (UNAUDITED)

                                                    Three  Months  Ended  March  31,
                                                                2000     1999
                                                                ----     ----
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:

  Cash payments:
<S>                                                    <C>              <C>
    Interest                                           $        64,823  $ 71,304
                                                       ===============  ========
    Income taxes                                       $         9,424  $102,203
                                                       ===============  ========
  Non-cash transactions:

    Acquisition of property and equipment in exchange
      for notes payable                                $           ---  $434,415
                                                       ===============  ========
</TABLE>
     See  notes  to  consolidated  financial  statements.


                                        5
<PAGE>
AMERICAN  BINGO  &  GAMING  CORP.
NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS  (UNAUDITED)
MARCH  31,  2000
------------------------------------------------------------------------
NOTE  1  -  PRINCIPLES  OF  CONSOLIDATION  AND  BASIS  OF  PRESENTATION.
------------------------------------------------------------------------

The unaudited consolidated financial statements include the accounts of American
Bingo  &  Gaming  Corp.  and its wholly owned subsidiaries (the "Company").  The
financial  statements  contained  herein  are  unaudited  and, in the opinion of
management,  contain  all  adjustments  necessary  for  a  fair  presentation of
financial  position,  results  of  operations  and  cash  flows  for the periods
presented.  The  Company's accounting policies and certain other disclosures are
set forth in the notes to the consolidated financial statements contained in the
Company's  Annual  Report  on Form 10-KSB for the fiscal year ended December 31,
1999.  The  financial  statements contained herein should be read in conjunction
with  the  notes  to  the  Company's  audited  consolidated financial statements
included  in the Annual Report on Form 10-KSB for the fiscal year ended December
31, 1999.  The preparation of the condensed consolidated financial statements in
conformity  with generally accepted accounting principles requires management to
make  estimates  and  assumptions  that affect the reported amount of assets and
liabilities,  disclosure  of  contingent assets and liabilities and the reported
amount of revenue and expenses during the reported period.  Actual results could
differ  from  these estimates.  Where appropriate, items within the consolidated
condensed  financial  statements  have been reclassified to maintain consistency
and  comparability  for  all  periods  presented.

The  operating  results  for the three month period ended March 31, 2000 are not
necessarily  indicative  of the results that may be expected for the fiscal year
ending  December  31, 2000.  Except for historical information contained herein,
certain matters set forth in this report are forward looking statements that are
subject  to  substantial  risks  and  uncertainties,  including  the  impact  of
government  regulation  and  taxation,  customer  attendance  and  spending,
competition,  and  general  economic  conditions,  among  others.

--------------------------------------------------------------------------------
NOTE  2  -  PROPERTY  AND  EQUIPMENT.
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
  Property  and  equipment  at  March  31,  2000  consists  of the following:
<S>                                                     <C>
    Land                                                $   189,671
    Buildings                                               379,342
    Building and leasehold improvements                   3,179,383
    Video gaming machines and bingo equipment             4,675,030
    Equipment, furniture and fixtures                     1,256,910
    Automobiles                                             351,071
                                                        ------------
                                                         10,031,407

      Less:  Accumulated depreciation and amortization   (6,678,290)
                                                        ------------

  Property and equipment, net                           $ 3,353,117
                                                        ============
</TABLE>

Property  and  equipment  at March 31, 2000 includes $1.3 million of assets held
under  capital leases and related accumulated amortization of $562,000.  Related
amortization  expense charged to operations for the three months ended March 31,
2000  and  1999  was  $54,000  each  period.

Total  depreciation  expense, for owned and leased assets, charged to operations
for  the  three  months ended March 31, 2000 and 1999 was approximately $344,000
and  $494,000,  respectively.


                                        6
<PAGE>
AMERICAN  BINGO  &  GAMING  CORP.
NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS  (UNAUDITED)
MARCH  31,  2000
--------------------------------------------------------------------------------
NOTE  3  -  INTANGIBLE  ASSETS.
--------------------------------------------------------------------------------

Intangible  assets  at  March  31,  2000  consists  of  the  following:
<TABLE>
<CAPTION>

<S>                                    <C>
    Goodwill                           $ 5,095,436
    Covenants not to compete               551,599
                                       ------------
                                         5,646,997

      Less:  Accumulated amortization   (1,816,099)
                                       ------------
  Intangible assets, net               $ 3,830,898
                                       ============
</TABLE>
Amortization  expense charged to operations for the three months ended March 31,
2000  and  1999  was  approximately  $195,000  and  $230,000,  respectively.
--------------------------------------------------------------------------------
NOTE  4  -  SHAREHOLDERS'  EQUITY.
--------------------------------------------------------------------------------

The  Company  repurchased  1,534,500  shares  of  its common shares in the first
quarter  of  2000  for  $1,547,110 under the current stock buyback program.  The
average  price  to  repurchase  these shares was $1.01 and at March 31, 2000 the
Company  holds  1,900,800  treasury  shares.  On  March  13,  2000  the Board of
Directors  authorized the Company to increase the targeted amount of stock to be
repurchased  by  the  Company  to  2,500,000  shares.

--------------------------------------------------------------------------------
NOTE  5  -  EARNINGS  PER  SHARE.
--------------------------------------------------------------------------------

A  reconciliation  of  basic  to  diluted  earnings  per  share  is  as follows:
<TABLE>
<CAPTION>
                                                     Three months ended March 31,
                                                     ----------------------------
                                                   2000                     1999
                                           ----------------------  ----------------------
                                           Basic         Diluted   Basic         Diluted
Numerator:
-----------------------------------------
<S>                                        <C>          <C>         <C>         <C>
  Net income                               $  1,072,311  $1,072,311  $   76,342  $   76,342
                                           ------------  ----------  ----------  ----------
  Income available to common stockholders  $  1,072,311  $1,072,311  $   76,342  $   76,342
                                           ============  ==========  ==========  ==========
Denominator:
-----------------------------------------
  Weighted average shares outstanding         9,159,177   9,159,177   9,851,316   9,851,316
  Effect of dilutive securities:
    Preferred stock                                 ---         ---         ---         ---
    Stock options and warrants                      ---         ---         ---         659
                                           ============  ==========  ==========  ==========
  Weighted average shares outstanding         9,159,177   9,159,177   9,851,316   9,851,975
                                           ============  ==========  ==========  ==========
  Earnings per share                       $        .12  $      .12  $      .01  $      .01
                                           ============  ==========  ==========  ==========
</TABLE>


                                        7
<PAGE>
AMERICAN  BINGO  &  GAMING  CORP.
NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS  (UNAUDITED)
MARCH  31,  2000

--------------------------------------------------------------------------------
NOTE  6  -  COMPREHENSIVE  INCOME.
--------------------------------------------------------------------------------

The  Company has adopted Financial Accounting Standards Board Statement No. 130,
Reporting Comprehensive Income.  Statement No. 130 establishes new rules for the
reporting  and  display of comprehensive income and its components; however, the
adoption  of this Statement has no impact on net income or shareholders' equity.
Statement  No.  130  requires unrealized gains or losses to be included in other
comprehensive income.  The Company did not own any fixed maturities or available
for  sale  securities  at March 31, 1999, thereby not requiring any prior period
reclassification  to  conform  to  the  requirements  of  Statement  No.  130.

The components of comprehensive income for the quarters ended March 31, 2000 and
1999,  are  as  follows:
<TABLE>
<CAPTION>
<S>                                <C>             <C>
                                         2000        1999
                                   -------------------------
Net income                         $   1,072,311   $ 76,342

Other comprehensive income (loss)
     Net unrealized losses                (8,024)       ---
                                   -------------------------
Total comprehensive income         $   1,064,287   $ 76,342
                                   =========================
</TABLE>

--------------------------------------------------------------------------------
NOTE  7  -  INCOME  TAXES.
--------------------------------------------------------------------------------

The  Company  recorded  approximately  $9,000  and  $184,000 of state income tax
expense,  respectively, for the three months ended March 31, 2000 and 1999.  The
Company  does  not expect to incur material federal income tax charges until the
depletion  of  its  accumulated  federal  income  tax  loss carryforwards, which
totaled  approximately  $3.6  million at March 31, 2000.  The utilization of the
net  operating  loss  is  subject  to limitations in accordance with  382 of the
Internal  Revenue  Code.

--------------------------------------------------------------------------------
NOTE  8  -  RELATED  PARTY  TRANSACTIONS.
--------------------------------------------------------------------------------

Promissory  notes  receivable from related parties totaled $60,000 and $549,000,
respectively,  for  the  first  quarter ended March 31, 2000 and 1999.  Interest
income  related to these notes recorded by the Company was $1,227 and $7,265 for
the  three  months  ended  March  31,  2000  and  1999,  respectively.

In  March  1998,  the  Company  acquired Ambler Bingo.  In conjunction with this
purchase, the Company issued a promissory note payable in the amount of $400,000
to  the  seller  (a  related party), as partial consideration for this purchase.
This  note  payable  is  due in monthly installments of $9,765, with an interest
rate  of 8.0% and a maturity date of May 2002.  For the three months ended March
31,  2000  and  1999, the Company recognized $4,812 and $6,688, respectively, of
interest  expense  related  to  this  obligation.


                                        8
<PAGE>
AMERICAN  BINGO  &  GAMING  CORP.
NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS  (UNAUDITED)
MARCH  31,  2000

--------------------------------------------------------------------------------
NOTE  9  -  COMMITMENTS  AND  CONTINGENCIES.
--------------------------------------------------------------------------------


Generally  speaking, the Securities and Exchange Commission guidelines require a
company to report any pending legal proceeding that involves a claim for damages
in  excess  of  ten  percent  (10%)  of  its  current assets. The litigation and
proceedings  discussed  below  do  not  necessarily meet this threshold, but are
included  in  the  interest  of  full  disclosure.  In general, the Company will
vigorously  defend itself against all claims to the fullest extent possible.  In
1999,  the  Company  created  a $200,000 accounting reserve to address impending
litigation  expenses.

Pondella  Hall for Hire, Inc., d/b/a Eight Hundred v. American Bingo and Gaming,
Case  No.:  97-2750,  Circuit  Court  of the Twelfth Judicial Circuit in and for
Manatee County, Florida.  In July of 1995 the Company bought three Florida bingo
centers  from Phillip Furtney and two corporations related to Mr. Furtney (which
corporations and Mr. Furtney are referred to collectively as"Furtney").  On June
12,  1997,  Furtney  filed  a  lawsuit  against the Company in Florida, alleging
breach  of contract.  Furtney alleged that the Company defaulted on its original
purchase  note and stock obligations under the purchase agreements.  On July 12,
1997, the Company answered this lawsuit and filed a counterclaim against Furtney
alleging,  among  other  things,  fraud,  negligent misrepresentation, breach of
express  warranties,  contractual  indemnity  and  tortious  interference  with
contractual  rights.  The  Company  believes that it was materially defrauded in
its  purchase  of these three Florida bingo centers from Furtney in that Furtney
made  no  disclosure  to the Company of an ongoing criminal investigation of the
operation of these bingo centers by the Florida State Attorney General's Office,
and  that  Furtney  was fully aware of this investigation.  The state of Florida
temporarily  closed  these three bingo centers, as well as several other centers
formerly owned by Mr. Furtney, in November 1995. The Company re-sold these three
bingo  centers  in  December  of  1995.  In January of 1997, the Company and the
State  of Florida settled all matters regarding the Company's previous ownership
and  operation  of  these  bingo  centers.  The  Company believes that Furtney's
lawsuit  against  the  Company  is completely without merit and that the Company
will  prevail in its counterclaim against him. There can be no assurance of this
result,  however,  and  a  decision  against  the  Company could have a material
adverse  effect  on  the  financial  position  and  operations  of  the Company.

State  of  Florida  v. 959 Hall for Hire, Inc. and 6323 Hall for Hire, Inc. Case
No.: 95-2943 F, Circuit Court of the Twelfth Judicial Circuit in and for Manatee
County,  Florida;  State  of Florida, Office of the Attorney General v. 959 Hall
for  Hire,  Inc.,  6323 Hall for Hire, Inc., and American Bingo and Gaming, Case
No.  95-4278,  Circuit  Court  of  the Twelfth Judicial Circuit Court in and for
Manatee County, Florida.  These proceedings relate to the criminal investigation
undertaken  by  the  Florida State Attorney General's Office with respect to the
bingo  centers  acquired by the Company from Phillip Furtney as discussed above.
In  January  of  1997,  the Company and the State of Florida settled all matters
regarding the Company's previous ownership and operation of these bingo centers.
Additionally,  in  light  of  the  recent  Florida  Supreme  Court  decision  in
Department  of Legal Affairs v. Bradenton Group, Inc., 23 FL, Weekly, S485 (Fla,
September  24,  1998),  the  Company has filed a Petition for Coram Nobis in the
State  of  Florida  criminal and civil cases to withdraw its settlement pleas in
these  cases or, in the alternative, agree to strike those portions of the State
Plea  Agreements  which  prohibit  the Company from carrying out lawful business
operations  in  the  State.  The  Company  plans to pursue this course of action
vigorously,  but  the  likelihood  of  success  is  unpredictable.

Joan  Caldwell  Johnson, et al v. Collins Music Company, et al, Civil Action No.
3:97-22136-17,  United States District Court for the District of South Carolina,
Columbia.  In  November  1997,  one  of  the  Company's subsidiaries was named a
defendant  (among many other video gaming operators) in a purported class action
brought by Plaintiffs allegedly arising out of fraudulent and unlawful promotion
and operation of video gambling devices.  Plaintiffs filed a Motion to Amend the
Complaint to add the Company and several Company subsidiaries as Defendants.  As
of  this  date,  the  Company and its named subsidiaries have yet to be added to
this  lawsuit  and  the  present status of this case is merely one of threatened
litigation.  There  have been settlement discussions with Plaintiffs counsel for
the  purported  class  but  the  settlement  demand  was  unreasonable.  If  the
Company  and  its  subsidiaries  are  added  to  this  case,  the  case would be
litigated  to  the  fullest


                                        9
<PAGE>
AMERICAN  BINGO  &  GAMING  CORP.
NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS  (UNAUDITED)
MARCH  31,  2000

--------------------------------------------------------------------------------
NOTE  9  -  COMMITTMENTS  AND  CONTINGENCIES  (CONTINUED).
--------------------------------------------------------------------------------

extent  possible.  In the event that Plaintiffs were to prevail on their claims,
the  range  of  potential  loss could exceed several million dollars because the
Plaintiffs  seek  to  recoup  all  profits Defendants made from 1991 through the
present.  The  Company believes that this action is completely without merit and
will  defend  itself  vigorously.  If  this  case were to be decided against the
Company,  it  would  likely  have  a  material  adverse  effect on the financial
position  and  operations  of  the  Company.

Collins Entertainment Corp. v. Coats and Coats Rental Amusement, d/b/a Ponderosa
Bingo  and  Shipwatch  Bingo,  Wayne Coats, individually, and American Bingo and
Gaming  Corp.;  American  Bingo  and  Gaming  Corp.  v.  Coats  and Coats Rental
Amusement, d/b/a Ponderosa Bingo and Shipwatch Bingo, Wayne Coats, individually,
Civil Action No. 97-CP-10-4685, South Carolina Court of Common Pleas, Charleston
County.  On  October  9,  1997,  Collins  Entertainment,  Inc.,  filed a lawsuit
alleging  the  Defendants  had  engaged  in  civil  conspiracy  and  tortiously
interfered  with  the  Plaintiff's contract, violating the South Carolina Unfair
Trade  Practices  Act.  The Plaintiff seeks actual damages in excess of $350,000
and  an  unspecified amount of punitive damages.  The Company believes that this
lawsuit  is  completely  without  merit  and  the  Company  will  defend  itself
vigorously.  If  this case were to be decided against the Company, it could have
a  material  adverse  effect  on  the  financial  position and operations of the
Company.

Roy  Stevens  v.  American  Bingo and Gaming and Columbia One Corporation, Civil
Action  N. 99-CP-40-1662, South Carolina Court of Common Pleas, Richland County.
In  this  lawsuit  filed  in  July  1999,  Roy  Stevens,  a  former employee and
shareholder  of  the  Company,  alleges that the Company has withheld monies due
under  a  promissory  note totaling approximately $40,000 and prevented him from
selling  shares  of  common  stock that resulted in losses of over $200,000. Mr.
Stevens  seeks  to  recover  lost profits for the diminution of stock value, the
amount  due  under  the  promissory  note  and an unspecified amount of punitive
damages.  The  parties  have been conducting discovery and recently participated
in  a  February  of 2000 voluntary mediation in which the Plaintiff rejected the
Company's  reasonable  settlement  proposal.  The  Company  believes  that  this
lawsuit  is  completely  without  merit,  is  moving  forward with discovery and
depositions,  and will defend itself vigorously. If this case were to be decided
against  the  Company  it  would  likely  have  a material adverse effect on the
financial  position  and  operations  of  the  Company.

Hermalink  v.  American  Bingo  and  Gaming  and  Michael Mims, Civil Action No.
99-CP-32-1793,  South  Carolina Court of Common Pleas, Richland County.  On July
8,  1999,  Plaintiff, a former employee, accused the Company and Michael Mims, a
former  officer  and  director of the Company, of defamation based upon comments
Mr.  Mims  made  in a newspaper article prior to the Company's annual meeting in
1999.  Plaintiff  seeks actual and punitive damages in an unspecified amount and
the Company and Mr. Mims will vigorously defend this action.  This case has been
moving  forward  slowly and some settlement discussions have been initiated.  If
the  case  were  decided  against  the Company, it could have a material adverse
effect  on  the  Company.

Steve  Carroll  and  Wilson  Reed, both individually and on behalf of S.C. Music
Masters,  Inc.  v. Concessions Corp. and American Bingo and Gaming, Corp., Civil
Action  No.  99-CP-10-1420,  South  Carolina  Court  of Common Pleas, Charleston
County. On April 16, 1999, Plaintiffs filed a lawsuit alleging the Company and a
wholly owned subsidiary breached fiduciary duties, breached or caused the breach
of  contracts,  engaged  in  various  fraudulent  acts,  negligently  made false
statements  and  engaged  in  unfair  trade  practices.  The  Plaintiffs seek to
recover  actual  and  punitive  damages  that  include $240,000 of out-of-pocket
expenses  and  lost  profits  related to Plaintiffs operation of a nightclub and
video  casino on the premises in the amount of approximately $300,000. Discovery
has  begun  and  depositions  have been initiated.  The Company has submitted an
informal settlement proposal to the Plaintiffs, but as of this date a settlement
has  not  been  reached.  The  Company  believes that this lawsuit is completely
without  merit and the Company will defend itself vigorously.  If this case were
to  be  decided  against the Company, it could have a material adverse effect on
the  financial  position  and  operations  of  the  Company.


                                       10
<PAGE>
AMERICAN  BINGO  &  GAMING  CORP.
NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS  (UNAUDITED)
MARCH  31,  2000

--------------------------------------------------------------------------------
NOTE  9  -  COMMITTMENTS  AND  CONTINGENCIES  (CONTINUED).
--------------------------------------------------------------------------------

On  October  14,  1999,  the  South  Carolina Supreme Court issued a ruling that
declared  the  November  2, 1999 referendum unconstitutional, which was to allow
South Carolina voters to decide whether or not video poker payouts should remain
legal.  As  a result of and pursuant to this ruling, video poker payouts will be
illegal  in  South  Carolina after June 30, 2000. This Supreme Court ruling will
have  a  material  adverse  effect  on  the  Company's  financial  position  and
operations.  This  matter  is  further compounded by the fact that approximately
one  half  of  the Company's VGM licenses expire on May 31, 2000.  Presently, no
practical  licensing mechanism exists to extend these licenses for the remaining
month  during  which  video  gaming will remain legal in South Carolina.  Unless
this  matter is resolved, the Company will cease operations of approximately one
half  of  all  VGM  machines  on  or  before  May  31,  2000.

South  Carolina  Department  of  Revenue ("SCDOR") v. Gold Strike, Inc.  In July
1999,  SCDOR issued administrative violations and assessments totaling more than
$50,000  against Gold Strike, Inc, a wholly owned subsidiary of the Company, for
allegedly  offering inducements and exceeding the $125 payout limit in violation
of the South Carolina Video Gaming Machines Act.  These proposed assessments are
currently being challenged and the Company has an indemnification agreement with
the  related  party  management  company  that  operates  the  Company's  casino
locations.  The  assessments  are  being  challenged  but  the  total  financial
exposure  is  approximately  $50,000.

In  the  normal course of its business, the Company is subject to litigation and
regulatory  assessments  and  fines.  Management of the Company does not believe
any  claims,  individually  or  in  the  aggregate, will have a material adverse
effect  on the Company's financial position or operations of the Company, except
as  otherwise  stated  above.

--------------------------------------------------------------------------------
NOTE  10  -  SEGMENTS.
--------------------------------------------------------------------------------

The  Company's  Chief  Operating  Decision Maker ("CODM"), the Chairman and CEO,
evaluates  performance  and  allocates  resources  based on a measure of segment
profit  or  loss  from  operations.

The  Company has identified two operating segments based on the different nature
of  the  services  and  legislative  monitoring  and,  in  general,  the type of
customers for those services.  The video gaming segment represents operations of
the  Company's  video  gaming  machines  in  South  Carolina.  The bingo segment
encompasses  bingo center services provided to charitable organizations in South
Carolina,  Texas  and  Alabama.

A  summary  of  the  segment  financial  information  reported to the CODM is as
follows:
<TABLE>
<CAPTION>
                                                  March  31,  2000
                                                  ----------------
                                 Video  Gaming     Bingo     Adjustment     Consolidated
                                 -------------     -----     ----------     ------------
<S>                               <C>         <C>          <C>           <C>
  Revenue                         $1,848,377  $ 1,358,225  $   140,242   $ 3,346,844
  Depreciation and Amortization      193,347      326,379       19,218       538,944
  Segment profit (loss)              993,750      386,347     (307,786)    1,072,311
  Segment Assets                   3,230,417   12,284,379   (2,390,804)   13,123,992
</TABLE>


                                       11
<PAGE>
AMERICAN  BINGO  &  GAMING  CORP.
NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS  (UNAUDITED)
MARCH  31,  2000

--------------------------------------------------------------------------------
NOTE  10  -  SEGMENTS  (CONTINUED).
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
                                               March  31,  1999
                                               ----------------
                              Video  Gaming     Bingo     Adjustment   Consolidated
                              -------------     -----     ----------   ------------
<S>                               <C>         <C>          <C>         <C>
  Revenue                         $1,974,322  $ 1,372,361  $ 274,445   $ 3,621,128
  Depreciation and Amortization      342,446      378,807      6,177       727,430
  Segment profit (loss)              429,646      129,707   (483,011)       76,342
  Segment Assets                   7,749,800   11,186,487    372,605    19,308,892
</TABLE>

The  adjustments  represent  video gaming and bingo concession and other income,
depreciation  and  amortization  related  to corporate assets, corporate losses,
corporate  assets  and  corporate  capital  expenditures  to  reconcile  segment
balances  to  consolidated  balances.  None  of  the  other  adjustments  are
significant.

--------------------------------------------------------------------------------
NOTE  11  -  ACQUISITIONS,  OPENINGS,  CLOSINGS  AND  REORGANIZATIONS.
--------------------------------------------------------------------------------

The  Company  is  in  the  final  process  of  developing two new bingo halls in
Alabama.  It  is  anticipated  that final construction will be completed and the
facilities  will  become  operational during the second quarter of 2000.  One of
the  halls  is  located in Montgomery, Alabama and the other is in Centre Point,
Alabama,  a  suburb  of  Birmingham.

--------------------------------------------------------------------------------
NOTE  12  -  SUBSEQUENT  EVENTS.
--------------------------------------------------------------------------------
From  April  1,  2000  through  April  28,  2000,  in  connection with its stock
repurchase  program,  the  Company  acquired  an additional 25,000 of its common
shares  at  an  aggregate  cost  of  $25,000.

The  Company terminated its contractual relationship with Mims & Dye Enterprises
and  entered  a  new  contract  with Consolidated Gaming Company LLC of Columbia
("CGC"),  to operate the Company's video gaming machines ("VGM").  The effective
date  of  both  actions was April 10, 2000.   The new contract with CGC provides
for  a  revenue  sharing  arrangement  dependent  solely  upon  CGC's ability to
increase  revenue  and  reduce  expenses.  The  new  contract  contains  several
important  elements  as  follows;  (1)  a  right  granted  to CGC to acquire the
Company's  VGMs  as they cease to be operated at a negotiated market rate; (2) a
right  to  broker  the  sale of the Company's VGMs to third parties; and (3) the
duty  to  deliver  and  store  the  Company's  VGMs  as  directed.

The  Company  entered  into  a contract with Prepaid Elite, LLP of Austin, Texas
("PE"),  to provide phone card dispensing machines at all of the Company's bingo
halls  in  Texas.  PE  is responsible for providing, installing, maintaining and
servicing  all machines.  The Company received a non-refundable security deposit
of  $100,000  which approximates the estimated quarterly earnings to be received
by  the  Company.


                                       12
<PAGE>
AMERICAN  BINGO  &  GAMING  CORP.

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF  OPERATIONS

American  Bingo  &  Gaming Corp. was formed in 1994 as a Delaware corporation to
consummate  the  acquisition  of  charitable  bingo  centers  and  video  gaming
operations.  The Company operates primarily through wholly-owned subsidiaries in
Texas,  Alabama  and  South  Carolina.  The Company completed its initial public
offering  in  December  of  1994.

The  following  discussion should be read in conjunction with the Company's Form
10-KSB  and  the  consolidated financial statements for the years ended December
31,  1999  and  1998; the Company's Form 10-QSB for the quarters ended March 31,
1999,  June  30,  1999  and  September  30, 1999; and the consolidated financial
statements  and  related  notes  for  the  quarter  ended  March  31, 2000.  The
statements  in this Quarterly Report on Form 10-QSB relating to matters that are
not  historical  facts,  including,  but not limited to statements found in this
"Management  Discussion  and  Analysis  of  Financial  Condition  and Results of
Operations",  are  forward-looking statements that involve a number of risks and
uncertainties.  Factors  that  could  cause  actual  future  results  to  differ
materially  from those expressed in such forward-looking statements include, but
are  not  limited  to the impact of government regulation and taxation, customer
attendance,  spending, competition, general economic conditions, and other risks
and  uncertainties  as  discussed  in  this Quarterly Report and the 1999 Annual
report  on  Form  10-KSB.

In  late  1999,  Nasdaq notified American Bingo that its SmallCap Market listing
was  in  jeopardy because its closing bid price had dropped below the regulatory
minimum  price of $1 per share for a protracted period of time.  The Company was
given  an  opportunity  to  address  this  matter,  in a hearing with the Nasdaq
Qualifications  Haring  Panel  on  February  24, 2000, at which time the Company
presented  a  plan to regain this regulatory minimum bid price.  Nasdaq notified
the Company on March 24, 2000 that the Hearing Panel had decided to continue the
listing of the Company's securities on the Nasdaq SmallCap Market.  However, the
Nasdaq  Listing and Hearing Council may, on its own motion, decide to review the
Panel  decision  within  forty-five  (45)  calendar  days  after issuance of the
written  decision.  As  of  May  1,  2000  the  Company  has  not  received  any
notification  that  this  matter  would  be  called  for  review.

The  most important future action that will impact American Bingo in 2000 is the
impending  cessation  of  video  gaming  in South Carolina on or before June 30,
2000.  This will have a substantial negative impact upon the Company's financial
performance, though the Company expects to be profitable (both on a net earnings
and  EBITDA  basis)  during  2000  in  spite  of  this  significant  change.

If  the  cessation  of video gaming in South Carolina occurs as expected on June
30,  2000,  the  Company  is  planning to (i) dispose of its excess machines and
settle  all loans and leases on this equipment (approximately $1.1 million) with
the  proceeds,  (ii) explore expansion opportunities in other jurisdictions, and
(iii)  consider  all  other  viable  alternatives.  The  Company  may  relocate
approximately  fifty (50) video gaming machines to bingo hall locations (new and
existing)  in  Alabama  where  they  would  be operated on a redemption basis in
accordance  with  local  regulations.  Employment  will  also  be reduced by the
number  of  employees  engaged  in video gaming in South Carolina, approximately
nine  (9)  persons.

American  Bingo will be relocated from Columbia, South Carolina to Austin, Texas
in  2000;  and,  it  is anticipated that few, if any, employees in Columbia will
relocate  to  Austin.  The  Company  expects  to  hire a new staff in Austin and
hiring  actions  have  begun.

RESULTS  OF  OPERATIONS

Net  income  for  the first quarter of 2000 was $1.1 million, which equated to a
basic  and  fully  diluted earnings per share of $.12.  Net income for the first
quarter  of 1999 was $76,000 which equated to a basic and fully diluted earnings
per  share  of  $.01.  The  weighted average number of basic Common Stock shares
outstanding  totaled 9.2 million in the first quarter of 2000 as compared to 9.9
million  in  the  first  quarter  of  1999.  The  change is primarily due to the
repurchase  of  approximately  1.6  million  shares  of  Common  Stock under the
Company's  buyback  program  during the first quarter of 2000 and the final nine
months  of  1999.


                                       13
<PAGE>
AMERICAN  BINGO  &  GAMING  CORP.

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF  OPERATIONS  (CONTINUED)

RESULTS  OF  OPERATIONS  (CONTINUED)

Revenues
--------

The  Company  generated consolidated revenues of $3.3 million during the quarter
ended  March  31, 2000 as compared with $3.6 million in the comparable period of
the prior fiscal year, representing a decrease of $274,000 or 8%.  Revenues were
led  by  video  gaming  operations, which produced $1.8 million, or 55% of total
revenue, for the first quarter of 2000, compared to $2.0 million, or 55%, in the
comparable quarter of the prior year.  The decrease in video gaming revenues was
primarily  a  result  of  the  ruling issued by the South Carolina Supreme Court
concerning  the  $125 per day per player gaming payout limitation.  Bingo rental
and  other  revenues  totaled  $1.5  million,  or 45% of revenues, for the first
quarter  of 2000, as compared to $1.6 million, or 45% of total revenues, for the
first  quarter  of 1999.  During the first quarter of 2000, approximately 16% of
the  Company's  bingo  related revenues were generated in South Carolina, 29% in
Alabama  and  55%  in  Texas, compared to 13%, 28% and 59%, respectively, in the
first  quarter  of  1999.

Costs  and  expenses
--------------------

Total  costs  and expenses were $2.3 million in the first quarter of 2000 versus
$3.5  million  in  the first quarter of 1999, a decrease of $1.2 million or 36%.
The  decrease in total costs and expenses is primarily attributable to operating
expense  reductions  resulting  from  the  restructuring  of  the  Company  and
depreciation  reductions  associated  with  impaired  assets.

Direct  salaries and other compensation totaled $219,000 in the first quarter of
2000, compared to $290,000 in 1999, a decrease of $71,000, or 24%.  The decrease
is  a  direct  result  in  the  changes  in  management.

First  quarter  2000  rent  and  utilities  for the Company's freestanding video
gamerooms  and bingo centers totaled $468,000, compared to $536,000 for the same
period  in  1999,  a  decrease of 13%.  The Company is continuing its efforts to
minimize rent expenses by subletting, converting, or terminating leases for idle
and  under-performing  properties.

Direct  operating  costs  for  the  first  quarter  of 2000 totaled $351,000, as
compared  to  $619,000  for the same period in 1999, a decrease of approximately
$268,000,  or  43%.  The  decrease  in  direct  operating  costs  is  primarily
attributable to decreased operating costs, consistent with the decrease in total
revenue.

Depreciation,  amortization  and  license  expense totaled $947,000 in the first
quarter  of  2000,  a  decrease of $242,000 from the first quarter of 1999.  The
decrease  is  a  result of the charge made in the fourth quarter of 1999 of $2.2
million  for the impairment of assets associated with the Company's video gaming
business.  Depreciation expense decreased as a direct result of the reduction in
the  asset  value.

General  and  administrative  expenses  totaled $284,000 in the first quarter of
2000,  compared  to  $885,000  in 1999, a decrease of approximately $602,000, or
68%.  This  is  a  result  of  the Company's continued plans to reduce operating
expenses.

Other  income  totaled  $3,000  for  the  first  quarter of 2000, as compared to
$158,000  for  the  first quarter of 1999. Other income for the first quarter of
2000  was  primarily  comprised  of  interest income of $44,000 on the Company's
short-term investments.  Included in operating income and expenses for the first
quarter  of  1999  were proceeds received from the liquidation of Company common
stock by the former Company president, Greg Wilson, and members of his family of
$237,000,  less  related  legal  costs  of  $100,000.

LIQUIDITY  AND  CAPITAL  RESOURCES

Cash and cash equivalents at March 31, 2000 totaled $3.6 million and represented
approximately  27%  of  the Company's total assets of $13.1 million.  Cash flows
from  operating  activities  for  the first quarter of 2000 totaled $1.7 million
compared  to  $897,000  during  the  first  quarter  of  1999,  an  increase  of
approximately 94%.  Cash flows from operating activities in the first quarter of
2000  were  comprised  of  the Company's net income of $1.1 million adjusted for
non-cash  amounts  of  depreciation expense and intangible asset amortization of
approximately  $539,000,  increased  by  net  changes  in  operating  assets and
liabilities  of  approximately  $128,000.


                                       14
<PAGE>
AMERICAN  BINGO  &  GAMING  CORP.

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF  OPERATIONS  (CONTINUED)

LIQUIDITY  AND  CAPITAL  RESOURCES  (CONTINUED)

Net  cash  used  in  investing activities totaled approximately $417,000 for the
three-month  period ending March 31, 2000, compared to approximately $280,000 in
the  first  quarter  of  1999.  Cash  used  in  investing  activities  consisted
primarily  of  $189,000 related to property and equipment purchases and $261,000
related  to  the  acquisition  of  equity  securities.  Cash  used  in investing
activities  in the first quarter of 1999 consisted primarily of $405,000 related
to  property  and  equipment purchases, offset by $170,000 from the repayment of
notes  receivable.

Cash  used  in  financing  activities  in the first quarter of 2000 totaled $1.6
million,  as  compared  to  net  cash  used in financing activities in the first
quarter  of  1999  of 197,000.  Cash used related to financing activities in the
first  quarter of 2000 included $1.5 million of Company treasury stock purchases
and  $72,000  of  net  cash  used  to  reduce  notes  payable  and capital lease
obligations.  Cash  used  related  to  financing  activities  in  1999  included
$512,000 of net cash paid to reduce notes payable and capital lease obligations.
Cash  received  in  1999  relating  to  financing  activities  included $315,000
primarily  related to stock options exercised during the first quarter 1999, and
stock  purchases  under  the  Employee  Stock  Purchase  Plan.

Current  assets  totaled  $5.5  million at March 31, 2000, providing the Company
with working capital of approximately $4.2 million and a current ratio of 4.2 to
1.  At  March 31, 2000, the Company had $13.1 million in total assets with total
liabilities  of  $1.6  million  and $11.5 million of shareholders equity.  Total
assets  include  $3.6  million  in  cash,  $622,000  of  net  accounts and notes
receivable,  $3.4  million of property and equipment, $3.8 million of intangible
assets,  $1.1  million  in  prepaid video gaming licenses, and $625,000 of other
assets.  Total  liabilities  primarily  consist  of  notes  and  capital  lease
obligations  of  $1.2  million.

Net  property and equipment totaled $3.4 million at the end of the first quarter
of  2000.  The  majority  of property and equipment is comprised of video gaming
machines.  Intangible  assets,  net  of  accumulated  amortization, totaled $3.8
million at the end of the first quarter of 2000, and were primarily comprised of
goodwill  and covenants not to compete associated with the Company's acquisition
of  seven  bingo  centers  in  Texas  during  1998.

Current  liabilities  totaled  $1.3  million  and  long-term liabilities totaled
$286,000  at  the  end  of  the  first quarter of 2000.  The majority of current
liabilities  were  comprised  of  $865,000  of  notes  payable and capital lease
obligations  related  to  the  Company's  acquisition  of video gaming machines.

The  Company  also  intends  to  grow  its business through acquisitions and the
selective  "de  novo"  start up of charitable bingo halls in markets in which it
currently  operates  and  other  attractive markets.  The Company's plans are to
continue  to  repurchase  its  shares  as market conditions warrant such action.

YEAR  2000  ISSUE

The  year  2000  issue  relates to computer programs that use only two digits to
identify  a  year  in a date field.  Unless corrected, these programs could read
the  year  2000 as the year 1900 and likely would adversely affect any number of
calculations  that  are  made  using  the  date  field.  The Company conducted a
comprehensive review of its computer systems to identify potential problems that
could  be caused by the Year 2000 issue.  If the Company's computer systems were
subject to undetected system failures or operational problems resultant from the
year  2000 issue, there could be no assurance that any one or more such failures
would  not have a material adverse effect on the Company.  The Company certified
that  the vendors and suppliers of its critical components and services are Year
2000  compliant.  The  Company  relied  on  Year  2000 compliance on the part of
public  utility  providers and all state and local regulatory agencies, although
non-compliance by those entities could materially adversely affect the Company's
financial  condition  and  operations.

As  of April 28, 2000, the Company has not experienced any significant Year 2000
issues relating to the Company's internal systems, interfaces with third parties
or  products  or  services.  In  addition, as of April 28, 2000, information and
products  from  third  parties  provided to the Company have not had any adverse
effects  on  the Company's operations as a result of Year 2000 issues.  To date,
the  costs  incurred  in  connection with Year 2000 compliance projects have not
been material to the Company's results of operations or liquidity.  In addition,
the  Company  does  not anticipate incurring any additional significant costs to
remain  compliant.


                                       15
<PAGE>
AMERICAN  BINGO  &  GAMING  CORP.

PART  II  -  OTHER  INFORMATION

ITEM  1.     LEGAL  PROCEEDINGS

For  a  discussion  of  material  pending  legal  proceedings, see Note 9 to the
unaudited  Consolidated  Financial  Statements  included in Part I hereof, which
Note  9  is  incorporated  herein  by  reference.

ITEM  6.  EXHIBITS  AND  REPORTS  ON  FORM  8-K

(a)       EXHIBITS.

27.1      Financial  Data  Schedule  (for  SEC  use  only).

(b)       REPORTS  ON  FORM  8-K.

During  the  quarter  ended March 31, 2000, the Company filed one report on Form
8-K.  On  January  18,  2000,  the  Company  filed  a Form 8-K to report that on
January  13,  2000,  the Company's Board of Directors had engaged the accounting
services  of  Sprouse  and Winn, L.L.P. to audit the Company's 1999 consolidated
financial  statements.  The  Company's relationship with its former accountants,
King  Griffin  &  Adamson,  P.C.,  was  terminated  on  September  17,  1999.


                                       16
<PAGE>
                              SIGNATURES

In  accordance with the requirements of the Securities Exchange Act of 1934, the
registrant has caused this report to be signed on its behalf by the undersigned,
thereunto  duly  authorized.


                              American  Bingo  &  Gaming  Corp.

                              May  7,  2000


                              By:

                              /s/  Jeffrey  L.  Minch
                              -----------------------
                              Jeffrey  L.  Minch
                              Vice  Chairman  of  the  Board,  President  and
                              Chief  Executive  Officer


                              /s/  Larry  D.  Kasufkin
                              ------------------------
                              Larry  D.  Kasufkin
                              Secretary  and  Treasurer
                              (principal  financial  and  accounting  officer)


                                       17
<PAGE>
                                INDEX TO EXHIBITS

Exhibit                                                              Sequential
Number                          Description                          Page Number
------                          -----------                          -----------
 27.1                   Financial Data Schedule (for SEC use only).


<PAGE>