<TABLE> <S> <C>

<PAGE>

<ARTICLE> 5
<RESTATED> 
<MULTIPLIER> 1,000
       
<S>                             <C>                     <C>
<PERIOD-TYPE>                   12-MOS                   12-MOS
<FISCAL-YEAR-END>                          JUN-30-1997             JUN-30-1996
<PERIOD-START>                             JUL-01-1996             JUL-01-1995
<PERIOD-END>                               JUN-30-1997             JUN-30-1996<F1>
<CASH>                                           1,343                  37,403
<SECURITIES>                                         0                       0
<RECEIVABLES>                                    7,517                  13,219
<ALLOWANCES>                                         0                       0
<INVENTORY>                                          0                       0
<CURRENT-ASSETS>                                 9,142                  47,285
<PP&E>                                          23,893                  27,130
<DEPRECIATION>                                       0                       0
<TOTAL-ASSETS>                                  63,302                 111,631
<CURRENT-LIABILITIES>                           39,586                  69,165
<BONDS>                                         44,094                  95,452
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                            74                      37
<OTHER-SE>                                     (22,111)                (31,863)
<TOTAL-LIABILITY-AND-EQUITY>                    63,302                 111,631
<SALES>                                          3,477                   3,013
<TOTAL-REVENUES>                                78,413                  91,022
<CGS>                                                0                       0
<TOTAL-COSTS>                                   71,244                  91,262
<OTHER-EXPENSES>                                62,160                  73,569
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                               9,084                  17,693
<INCOME-PRETAX>                                  7,169                   1,150
<INCOME-TAX>                                       370                      41
<INCOME-CONTINUING>                              6,799                   1,109
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                   1,390
<CHANGES>                                            0                       0
<NET-INCOME>                                     6,799                   1,109
<EPS-PRIMARY>                                      .89                     .30
<EPS-DILUTED>                                      .89                     .30
<FN>
<F1> The fiscal 1996 financial data has been restated to reflect a change in 
accounting method retroactively applied by the Company in fiscal 1997 (see Note 
1 to the consolidated financial statements included in Item 8).
</FN>
        

</TABLE>