UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C.   20549
                                  FORM 10-Q


[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

              For the quarterly period ended September 30, 1997
                                             -------------
[ ]  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 333-14535

                       CASINO MAGIC OF LOUISIANA, CORP.
                           ------------------------
            (Exact name of registrant as specified in its charter)

                 Louisiana                        64-0878110
              -----------------                 ----------------
           (State or other jurisdiction of         (I.R.S. Employer
          incorporation or organization)        Identification No.)

             711 CASINO MAGIC DRIVE, BAY SAINT LOUIS, MS   39520
              -------------------------------------------------
             (Address of principal executive offices) (Zip Code)

                                (601) 466-8099
                              ------------------
            (Registrant's telephone  number, including area code)

                                NOT APPLICABLE
                              ------------------
             (Former name, former address and former fiscal year,
                        if changed since last report)

     Indicate  by check mark whether the registrant (1) has filed all reports 
required to be filed by Sections 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.

                               Yes   X      No
                              -----       -----
Indicate  the  number  of shares outstanding of the issuer's classes of common
stock, as of the latest practicable date.

       1,000 shares of common stock outstanding as of November 12, 1997
========================================================================
<PAGE>

                       CASINO MAGIC OF LOUISIANA CORP.

                                    INDEX


PART  I                       FINANCIAL INFORMATION                       PAGE
NO.
Item 1.  Financial Statements
Condensed Statements of Operations
   For the three months ended September 30,1997 and 1996     1
Condensed Statements of Operations
   For the nine months ended September 30,1997 and 1996     2
Condensed Balance Sheets -
   September 30, 1997 and December 31, 1996     3
Condensed Statements of Cash Flows -
   For the nine months ended September 30, 1997 and 1996     4
Notes to Condensed Financial Statements     5
Item 2.  Management's Discussion and Analysis of Financial
            Condition and Results of Operations     6-9

PART II     OTHER INFORMATION
Item 1.  Legal Proceedings     10
Item 2.  Changes in Securities     10
Item 3.  Default Upon Senior Securities     10
Item 4.  Submission of Matters to a Vote of Security Holders     10
Item 5.  Other Information     10
Item 6.  Exhibits and Reports on Form 8-K     10
SIGNATURES     11









                   <PAGE>PART I - FINANCIAL INFORMATION
                                      
                       Casino Magic of Louisiana, Corp

                      CONDENSED STATEMENTS OF OPERATIONS
                                 (Unaudited)

                                                 Three months    Three months
                                                    ended            ended
                                                 September 30,   September 30,
                                                      1997            1996
                                                  -------------  ------------
Revenues:
  Casino                                          $ 22,794,023    $      --
  Other operating revenues                             955,928           --
                                                  ------------     -----------
                                                    23,749,951          --
                                                  ------------     -----------
Costs and expenses:
  Casino                                            12,560,095          --
  Other operating costs and expenses                   157,141          --
  Advertising and marketing                          2,422,708          --
  General and administrative                         1,653,235          --
  Property operation maintenance and energy cost       978,478          --
  Rents, property taxes and insurance                  700,854          --
  Depreciation and amortization                      1,523,933          --
                                                  ------------    -----------
                                                    19,996,444          --
                                                  ------------    -----------
Income (loss) from operations                        3,753,507          --

Other (income) expense:
  Interest expense                                   4,304,030      2,424,986
  Capitalized interest                                   --        (1,685,644)
  (Gain) loss on sale of assets                     (1,439,916)         --
  Other                                                944,739            (59)
                                                  ------------     -----------
                                                     3,808,853        739,283
                                                  ------------     -----------
(Loss)  before  income  taxes:                         (55,346)     ( 739,283)
                                                   ------------    -----------
Income tax benefit                                        --              --
                                                   ------------    -----------
Net  loss                                         $    (55,346)   $ (739,283)
                                                   =============  ===========
Net  loss  per  common  share                     $     (55.35)  $   (739.28)
                                                  ============     ==========
Weighted average Common Shares - 1,000












See notes to financial statements.
                                      1

<PAGE>PART I - FINANCIAL INFORMATION
                                      
                      CASINO MAGIC OF LOUISIANA, CORP.
                                      
                      CONDENSED STATEMENTS OF OPERATIONS
                                  (Unaudited)

                                                     For the period
                                                              May 13, 1996
                                         Nine months       (date of inception)
                                            ended                through
                                    September  30,  1997    September  30,1996
                                          -------------         -----------
Revenues:
  Casino                                   $ 65,630,025    $     --
  Other operating revenues                    2,845,638          --
                                           ------------     -----------
                                             68,475,663          --
                                           ------------     -----------
Costs and expenses:
  Casino                                     35,219,187          --
  Other operating costs and expenses          3,394,540          --
  Advertising and marketing                  12,156,679          --
  General and administrative                  5,595,267          --
  Property operation maintenance
      and energy cost                         3,897,550          --
  Rents, property taxes and insurance         1,918,873          --
  Depreciation and amortization               4,310,605          --
                                           ------------    -----------
                                             66,492,701          --
                                           ------------    -----------
Income (loss) from operations                 1,982,962          --
Other (income) expense:
  Interest expense                           12,559,021      3,010,541
  Capitalized interest                         (107,401)    (2,271,199)
  Interest Income                              (277,076)          --
  (Gain) loss on sale of assets              (1,439,916)          --
  Other (income) expense                        801,471           (59)
                                           ------------     -----------
                                             11,536,099        739,283
                                           ------------     -----------
(Loss)  before  income  taxes:               (9,553,137)      (739,283)
                                            ------------    -----------
Income tax benefit                             (452,692)          -
                                            ------------    -----------
Net  loss                                  $ (9,100,445)    $(739,283)
                                           =============   ===========
Net  loss  per  common  share              $  (9,100.45)  $  (739.28)
                                            ============     ==========

Weighted average Common Shares - 1,000

See notes to financial statements.

                                      2


<PAGE>CASINO MAGIC OF LOUISIANA, CORP.
                           CONDENSED BALANCE SHEET
                                    ASSETS
                                 (Unaudited)

                                                SEPTEMBER 30,     DECEMBER 31,
ASSETS                                              1997               1996(*)
Current assets:                                   -------------    -----------
Cash and cash equivalents                         $  7,428,378    $  3,959,126
  Restricted cash                                   10,525,051      16,899,654
  Other current assets                               2,571,995         964,997
                                                  -------------    -----------
      Total current assets                          20,525,424      21,823,777
                                                  -------------    -----------
      Total property and equipment, net             77,761,358      73,821,826
                                                  ------------      ----------
Other long-term assets:
  Deferred gaming license cost, net                 38,449,048      38,337,333
  Property held for sale                                 1,600      10,101,182
  Debt issuance costs, net                           4,946,194       5,096,981
  Other long-term assets                                63,696         148,846
                                                  ------------      ----------
      Total other long-term assets                  43,460,538      53,684,342
                                                  ------------      ----------
                                                   141,747,320     149,329,945
                                                  ============    ============
                 LIABILITIES AND SHAREHOLDER'S EQUITY
Current liabilities:
  Notes and contracts payable                            --          4,486,710
  Current maturities of long-term debt               4,725,063       1,878,605
  Accounts payable                                   4,162,118       2,837,908
  Accrued expenses                                   4,575,724         535,661
  Accrued interest                                   2,451,929       5,581,119
  Accrued payroll and related benefits               2,246,731       1,720,191
  Accrued progressive gaming liabilities               237,085         113,432
  Other current liabilities                          2,930,994           --
                                                  ------------      ----------
      Total current liabilities                     21,329,644      17,153,626
                                                  ------------      ----------
Long-term debt, net of current maturities          117,191,995     119,850,193
                                                  ------------     -----------
      Total noncurrent liabilities                 117,191,995     119,850,193
                                                   -----------     -----------
Commitments and contingencies
Common stock, $0.01 par value, 10,000 shares authorized,
    1,000 shares issued and outstanding                      1               1
Additional paid-in capital                          22,353,295      22,353,295
Retained deficit                                   (19,127,615)   (10,027,170)
                                                  ------------     -----------
      Total shareholder's equity                     3,225,681      12,326,126
                                                  ------------     -----------
                                                  $141,747,320    $149,329,945
                                                  ============    ============

See notes to financial statements.
* Derived from audited financial statements



                                      3
<PAGE> CASINO MAGIC CORP. OF LOUISIANA
                      CONDENSED STATEMENTS OF CASH FLOWS
                                 (Unaudited)

                                                        Nine months ended
                                                     Sept. 30,       Sept. 30,
                                                       1997             1996
                                                  ------------    ------------
Cash flows from operating activities:
     Net (loss)                                  $(9,100,445)      $ (739,283)
     Adjustments for non-cash charges              3,338,432      (19,721,162)
     Changes in assets and liabilities             3,983,016          168,779
                                                 -----------       -----------
Net cash used in operating activities            (1,778,997)     (20,291,666)
                                                  -----------      ----------
Cash flows from investing activities:
     Acquisitions of property and equipment       (7,350,091)     (29,291,384)
     Proceeds from sale of assets                 11,700,000            --
     Other, net                                       85,150       (3,001,905)
                                                  -----------       ----------
     Net cash Provided by (used in)
        investing activities                       4,435,059      (32,293,289)
                                                  ----------       ----------
Cash flows from financing activities:
     Proceeds from issuance of notes payable and
        long-term debt                             3,850,000      116,725,457
     Principal payments on notes payable and
        long-term debt                            (9,094,455)     (43,479,535)
     Other, net                                     (316,958)      17,155,893
                                                  -----------      ----------
Net cash provided by (used in)
     financing activities                         (5,561,413)      90,401,815
                                                  -----------      ----------
Net (increase) decrease in cash and
     cash equivalents                             (2,905,351)      37,816,860
Cash and cash equivalents including restricted cash,
     beginning of period                          20,858,780            --
                                                  ----------       ----------
Cash and cash equivalents including restricted cash,
     end of period                              $ 17,953,429      $37,816,860
                                                  ===========      ==========
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid during the period for:
     Interest (net of amount capitalized)         $15,688,211       $1,292,629
     Income taxes (net of refunds)                       --               --
Supplemental schedule of non-cash investing and financing activities:
 Property and equipment and other asset
    acquisitions included in accounts and
    construction payable and accrued expenses     $   342,293       $  977,564
 Property and equipment financed with long-term debt  946,000       46,416,570

See notes to financial statements.
                                      4
<PAGE>CASINO MAGIC OF LOUISIANA, CORP.
             NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                 (Unaudited)
1.  Summary of significant accounting policies, risks and uncertainties:
Organization and basis of presentation:
On  May  13,  1996  ("Inception"),  Jefferson  Casino  Corporation ("Jefferson
Corp."), a Louisiana corporation and a wholly owned subsidiary of Casino Magic
Corp.  ("Casino  Magic"),  acquired  all  of  the outstanding capital stock of
Crescent  City  Capital  Development  Corporation,  a  Louisiana  corporation.
Immediately  following  the  acquisition,  the  name  of Crescent City Capital
Development  Corporation  ("Crescent  City")  was  changed  to Casino Magic of
Louisiana,  Corp.  ("Louisiana  Corp."  or  the  "Company").  The  financial
statements  only include the accounts of Louisiana Corp.  Louisiana Corp., has
developed a new dockside riverboat casino and entertainment complex in Bossier
City,  Louisiana  ("Casino  Magic-Bossier  City").   Casino Magic-Bossier City
opened on October 4, 1996, using a temporary facility and opened the permanent
facility  on  December 31, 1996.  Prior to October 4, 1996, the Company had no
revenues or expenses other than interest income and expense.
Certain  information  and  footnote disclosures normally included in financial
statements  prepared  in  accordance  with  generally  accepted  accounting
principles have been condensed or omitted.
The  accompanying  unaudited  condensed  financial  statements  contain  all
adjustments  which  are,  in  the  opinion of management, necessary for a fair
statement  of  the  results of the interim periods.  The results of operations
for  the  interim  periods  are not indicative of results of operations for an
entire year.
It  is  suggested  that  these  consolidated  financial  statements be read in
conjunction  with  the consolidated financial statements and the notes thereto
included  in  the  Company's  Form  S-4 filed with the Securities and Exchange
Commission on July 19, 1997 and the Company's June 30, 1997 Form 10-Q.
Certain  reclassifications  have been made to 1996 amounts to conform with the
September 30, 1997 presentation.
2. Sale of Asset Held for Sale:
In  September  1997,  the  Company  sold  the  Crescent  City  Queen Riverboat
("Crescent  City  Queen")  for  $11.7 million.  Other income (expense) for the
period  ended  September 30, 1997 includes recognized gain on the sale of $1.4
million.  The proceeds from the sale are restricted by the Indenture governing
the  $115  First  Mortgage  Notes  issued  by  Louisiana  Corp.  The Indenture
restriction  requires  the  proceeds  from  the  sale  to  be used for capital
improvements at the Casino Magic-Bossier City facility.
3. Earnings per share
In  February  1997,  the Financial Accounting Standards Board issued Statement
No.  128  (FAS 128), "Earnings Per Share", which simplifies the computation of
earnings  per share.  FAS 128 is effective for financial statements issued for
periods  ending after December 15, 1997 and requires restatement for all prior
period  earnings  per  share  data  presented.    Basic earnings per share and
diluted  earnings per share calculated in accordance with FAS 128 would remain
unchanged  both  at the three months ended September 30, 1997 and 1996 and the
nine months ended September 30, 1997 and 1996.
4. Disclosure of contingent interest paid and accrued and management fees
No  contingent  interest or management fees were paid in the first nine months
of  1997.    Contingent interest and management fees were accrued in the first
nine  months  of  1997  in  the amount of approximately $230,000 and $459,000,
respectively.   No contingent interest and management fees were payable during
the  nine months ended September 30, 1997 because the Company's Adjusted Fixed
Charge Coverage Ratio (as defined) did not exceed 1.5 to 1.0.

                                      5
<PAGE>CASINO MAGIC OF LOUISIANA, CORP.
                   MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                FINANCIAL CONDITION AND RESULTS OF OPERATIONS
The  discussions  regarding  proposed  Company  developments  and  operations
included  in  "MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS  OF  OPERATIONS"  and  "NOTES  TO  CONDENSED  CONSOLIDATED  FINANCIAL
STATEMENTS"  contain forward looking statements that involve a number of risks
and  uncertainties.    These proposed developments and operations include: (i)
the  Company's  ability  to  fund  planned  developments  and  debt  service
obligations  over  the  next  twelve  months with currently available cash and
marketable  securities  and with cash flow from operations;  (ii) construction
projects entail significant construction risks, including, but not limited to,
cost  overruns,  delay  in  receipt  of  governmental  approvals, shortages in
materials  or  skilled  labor,  labor  disputes,  unforeseen  environmental or
engineering  problems,  work  stoppage,  fire  and  other  natural  disasters,
construction  scheduling  problems and weather interferences, any of which, if
it  occurred,  could delay construction or result in a substantial increase in
costs  to the Company.  The Company's ability to meet its debt obligations may
be dependent upon the successful completion of a hotel at Casino Magic-Bossier
City  and  the  other  planned  construction projects and the Company's future
operating  performance, which is itself dependent on a number of factors, many
of  which  are  outside  of  the  Company's  control,  prevailing economic and
competitive  conditions  and  financial  business regulatory and other factors
affecting the Company's operations and business.  In addition to the risks and
uncertainties  discussed  above, other factors that could cause actual results
to  differ  materially are detailed from time to time in the Company's reports
filed with the Securities and Exchange Commission.
Results of Operations:
For the three months ended September 30, 1997:
Gaming  revenues at Casino Magic-Bossier City were $22.8 million for the third
quarter  of  1997.    Based  upon  public reports made to the Louisiana Gaming
Control  Board,  this  represents  approximately  a  17% share of total gaming
revenues  in  the  four  casino  Bossier City/Shreveport Market.  Although the
Company  continues  to  implement  and  improve  cost  effective marketing and
promotional  programs  to increase revenues, there can be no assurance it will
be successful in doing so.
Total costs and expenses during the third quarter of 1997 were $20.0 million. 
Casino  Magic-Bossier  City earned an operating profit of $3.8 million for the
third  quarter  of  1997.   The Company continues to operate at revenue levels
that are less than anticipated.  Management has continued to implement various
marketing measures to improve revenues while maintaining cost control measures
to enable the Company to be cash flow positive. Although the Company continues
to  implement  cost reduction programs to reduce operating costs, there can be
no assurance it will be successful in doing so.  However, Casino Magic-Bossier
City  has  achieved  positive  cash flow at the operating income levels earned
during the third and second quarters of 1997.
Other  (income)  and  expenses  were  $3.8  million for the three months ended
September  30,  1997.    The  costs  include  $4.3 million in interest expense
relating  primarily  to  the  First  Mortgage  Notes  issued to develop Casino
Magic-Bossier  City.  The remaining difference is primarily due to the gain on
the  sale  of  the  Crescent  City  Queen  of  approximately  $1.4 million and
management fees of approximately $0.4 million.

                                      6
<PAGE>CASINO MAGIC OF LOUISIANA, CORP.
                   MANAGEMENT'S DISCUSSION AND ANALYSIS OF
          FINANCIAL CONDITION AND RESULTS OF OPERATIONS-(Continued)
Results of operations (continued):
There was no income tax benefit for the third quarter of 1997.  The Company is
included  in  a  consolidated group subject to a tax-sharing agreement between
itself,  all  affiliated  companies and its ultimate parent Casino Magic.  The
difference  between  the 0% rate and the statutory rate of 35% is due to a tax
valuation  allowance  against  the tax benefit recorded as a result of the tax
sharing agreement.
Casino Magic-Bossier City incurred a net loss of $0.1 million during the third
quarter of 1997, or a loss of $55 per share.  This is the result of lower than
anticipated revenues.
For the nine months ended September 30, 1997:
Gaming  revenues at Casino Magic-Bossier City were $65.6 million for the first
nine  months  of  1997. Based upon public reports made to the Louisiana Gaming
Control  Board,  this  represents  approximately  a  17% share of total gaming
revenues  in the four casino Bossier City/Shreveport Market.  During the first
nine  months  of  1997, the Company attempted to increase Casino Magic-Bossier
City's market share through significant marketing, advertising and promotional
efforts.    However,  this  attempt  to strengthen Casino Magic-Bossier City's
market  share  was  not  as  successful  as anticipated.  Although the Company
continues  to  implement improved and cost effective marketing and promotional
programs to increase revenues, there can be no assurance it will be successful
in doing so.
Total  costs  and  expenses  during  the  first nine months of 1997 were $66.5
million.    Casino Magic-Bossier City had operating income of $2.0 million for
the  first  nine  months  of 1997.  The Company incurred $8.2 million in total
marketing and promotional expenses during the first quarter of 1997, including
approximately  $4.0  million  in  promotional  give-away  programs  which were
expected  to  generate  a  level  of incremental gaming revenues that were not
achieved.    Additionally,  in  the  first  four  months  of  1997,  Casino
Magic-Bossier City was incurring operating expenses at a level consistent with
operating a property at significantly higher revenue levels.  Beginning in May
1997  the  Company  implemented changes to reduce overall operating costs, and
specifically  marketing and promotional costs.  Although the Company continues
to  implement  cost reduction programs to reduce operating costs, there can be
no assurance it will be successful in doing so.  However, Casino Magic-Bossier
City  has  achieved  positive  cash flow at the operating income levels earned
during the third and second quarters of 1997.
Other  (income)  and  expenses  were  $11.5  million for the nine months ended
September  30,  1997.  Expenses  included  $12.6  million  in interest expense
relating  primarily  to  the  First  Mortgage  Notes  used  to  develop Casino
Magic-Bossier  City.  The remaining difference is primarily due to the gain on
the  sale  of  the  Crescent  City  Queen  of  approximately  $1.4 million and
management fees of approximately $0.5 million.
The  Company  is  included  in  a  consolidated group subject to a tax-sharing
agreement  between  itself,  all  affiliated companies and its ultimate parent
Casino  Magic.    The difference between the 5% rate and the statutory rate of
35%  is due to a tax valuation allowance against the tax benefit recorded as a
result of the tax sharing agreement.

                                      7
<PAGE>CASINO MAGIC OF LOUISIANA, CORP.
                   MANAGEMENT'S DISCUSSION AND ANALYSIS OF
          FINANCIAL CONDITION AND RESULTS OF OPERATIONS-(Continued)
Results of operations (continued):
Casino Magic-Bossier City incurred a net loss of $9.1 million during the first
nine  months  of  1997,  or a loss of $9,100 per share.  This is the result of
lower  than  anticipated  revenues,  exceptionally  high  advertising  and
promotional  costs that should not recur in future periods and operating costs
incurred in anticipation of significantly higher revenues, specifically in the
first quarter of 1997.
Liquidity and Capital Resources:
At  September  30,  1997,  the  Company  had  unrestricted cash and marketable
securities  of  $7.4  million  compared  to  unrestricted  cash and marketable
securities  of  $4.0  million  at  December  31,  1996.  The Company has $10.5
million  in  restricted  cash  at  September  30,  1997 due to the sale of the
Crescent  City  Queen.  At December 31, 1996, the Company had $16.9 million in
restricted  cash  relating  to  the  First  Mortgage  Notes issued to fund the
construction of Casino Magic-Bossier City.
For  the  nine  months  ended  September  30,  1997, the Company expended $3.6
million of cash flow in operating activities and refinanced approximately $3.9
million  of  long  term  equipment  debt.   The Company spent $7.4 million for
acquisitions  of  property, equipment and other long-term assets.  The Company
plans additional investments in 1997, but most of such additional expenditures
will  be subject to the ability of the Company to generate positive cash flows
from  operations,  the $11.7 million in proceeds from the sale of the Crescent
City  Queen  or  the  availability  of  financing,  of  which  there can be no
assurance in any case.
The  Company  opened  Casino  Magic-Bossier  City  on  October 4, 1996 using a
temporary  boarding  facility,  and on December 31, 1996, opened the permanent
facility.  The Company plans to construct an approximately 200-room convention
hotel and related amenities, including restaurants, banquet space and swimming
pool.  The construction of the hotel is expected to be funded primarily by the
$11.7  million  in  proceeds received from the sale of the Crescent City Queen
and  the  future  operating  cash  flow  of  Casino  Magic-Bossier  City.   No
assurances  can  be given that the proceeds from the sale of the Crescent City
Queen  and the cash flow from the operations of Casino Magic-Bossier City will
be  sufficient  to  develop  such  hotel  and related facilities or that these
improvements will ever be developed.

                                      8
<PAGE>CASINO MAGIC OF LOUISIANA, CORP.
                   MANAGEMENT'S DISCUSSION AND ANALYSIS OF
          FINANCIAL CONDITION AND RESULTS OF OPERATIONS-(Continued)
Liquidity and Capital Resources (Continued):
Jefferson  Corp  and  Louisiana  Corp.  have  certain restrictions relative to
additional  borrowings  and  cash  flow  under  the  terms  of  the  Indenture
associated with the Louisiana First Mortgage Notes.
The  Company will have a significant need for cash in 1997 and beyond in order
to  continue  its  planned  development.    The Company believes that cash and
marketable  securities  at  September 30, 1997, and cash flows from operations
will  be  sufficient  to  service  its  operating and debt service through, at
least,  the  next twelve months, but are not sufficient to complete the Casino
Magic-Bossier  City hotel, without additional debt or equity financing.  There
are  no  assurances  that adequate funding will be available for these planned
investments at Casino Magic-Bossier City.











































                                      9
<PAGE>CASINO MAGIC OF LOUISIANA, CORP.

PART II - OTHER INFORMATION

Item 1.  Legal Proceedings
         None
Item 2.  Changes in Securities
The  Company  has  completed  an  exchange  offer  for  its 13% Series B First
Mortgage  Notes  Due  2003  with  Contingent  Interest for all outstanding 13%
Series  A  First Mortgage Notes Due 2003 with Contingent Interest.  All of the
Series  A  First  Mortgage  Notes  have  been exchanged for the Series B First
Mortgage  Notes,  which  are identical to the Series A First Mortgage Notes in
all  respects  except  that  the  Series  B  First  Mortgage  Notes  have been
registered under the Securities Act of 1933.
Item 3.  Defaults Upon Senior Securities.
None
Item 4.  Submission of Matters to a Vote of Security-Holders
None.
Item 5.  Other Information
None.
Item 6.  Exhibits and Reports on Form 8-K.
(a)  Exhibits
10.1 Purchase agreement for the Crescent City Queen Riverboat.
27   Financial Data Schedule (filed electronically only).
(b)  Reports on Form 8-K:
None.

















                                      10
<PAGE>SIGNATURES

The  Issuer  has  duly  caused  this  report to be signed on its behalf by the
undersigned thereunto duly authorized.

CASINO MAGIC OF LOUISIANA, CORP.


Date:   November 12, 1997       /S/ James E. Ernst
                          -------------------------
        James E. Ernst, President
        and Chief Executive Officer


Date:    November 12, 1997      /S/ Jay S. Osman
                           --------------------------
         Jay S. Osman, Chief Financial Officer and Treasurer (principal
         financial and accounting officer)







































                                      11
<PAGE>
CASINO MAGIC OF LOUISIANA, CORP

    Quarterly Report on Form 10-Q for the Period Ended September 30, 1997
                             INDEX TO EXHIBITS
Exhibit
Number     Page
10.1  Purchase agreement for the sale of the Crescent City Queen Riverboat
27.     Financial Data Schedule (filed electronically only).





















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