<PAGE>


As filed with the Securities and Exchange Commission on November 12, 1997
                                              Registration No. 333-______

===========================================================================


                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                               ------------------

                                    FORM S-8
                             REGISTRATION STATEMENT
                                      UNDER
                           THE SECURITIES ACT OF 1933
                                ------------------

                           ACCLAIM ENTERTAINMENT, INC.
             (Exact name of registrant as specified in its charter)


               Delaware                              38-2698904
     (State or other jurisdiction of              (I.R.S Employer
     incorporation or organization)             Identification Number)


                                One Acclaim Plaza
                            Glen Cove, New York 11542
                    (Address of principal executive offices)
                               -------------------

                           Acclaim Entertainment, Inc.
                             1988 Stock Option Plan
                            (Full title of the plan)
                               -------------------


     Gregory E. Fischbach                          Copy to:
     Chief Executive Officer                       Jayshree Parthasarathy, Esq.
     One Acclaim Plaza                             Rosenman & Colin LLP
     Glen Cove, New York  11542                    575 Madison Avenue
     (516) 656-5000                                New York, New York  10022
     (Name, address and telephone                  (212) 940-8800
     number of agent for service)
                               -------------------

<TABLE>
<CAPTION>

                         CALCULATION OF REGISTRATION FEE

==================================================================================================================================


Title of                                                Proposed maximum             Proposed maximum            Amount of
securities to                       Amount to be        offering price               aggregate offering          registration
be registered                        registered         per share*                   price*                      fee

==================================================================================================================================
<S>                                 <C>                 <C>                          <C>                         <C>
Common Stock,
  par value $0.02
  per share......                    10,000,000          $4.11                        $41,100,000                 $12,455.00

==================================================================================================================================
</TABLE>

* Estimated solely for the purpose of calculating the registration fee;
computed, pursuant to Rule 457(c), upon the basis of the average of the high and
low prices of the Common Stock as quoted on The NASDAQ Stock Market's National
Market System on November 7, 1997.
==============================================================================



<PAGE>



                                     PART II

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

ITEM 3.  INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE

         Acclaim Entertainment, Inc. (the "Company") is subject to the
informational requirements of the Securities Exchange Act of 1934 (the "Exchange
Act") and, in accordance therewith, files reports and other information with the
Securities and Exchange Commission (the "Commission"). The following documents,
or portions thereof, filed by the Company with the Commission pursuant to the
Exchange Act are incorporated by reference in this Registration Statement:

                  (a) Annual Report on Form 10-K for the fiscal year ended
         August 31, 1997, filed on November 12, 1997 (File
         No. 0-16986); and

                  (b) The information in respect of the Company's common stock
         under the caption "Description of Registrant's Securities to be
         Registered" contained in the Registration Statement on Form 8-A filed
         on June 8, 1988, as amended by the Current Report on Form 8-K, dated
         August 24, 1989, relating to the one-for-two stock split effected by
         the Company (File No. 0-16986).

         All documents subsequently filed by the Company pursuant to Sections
13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a
post-effective amendment hereto indicating that all securities offered have been
sold or which deregisters all securities then remaining unsold, shall be deemed

to be incorporated by reference in this Registration Statement and to be a part
of this Registration Statement from the respective dates of filings of such
documents.

ITEM 6.  INDEMNIFICATION OF DIRECTORS AND OFFICERS

         The Certificate of Incorporation of the Company provides that any
person may be indemnified against all expenses and liabilities to the fullest
extent permitted by the General Corporation Law of the State of Delaware.

         Section 145 of the General Corporation Law of Delaware, the law of the
state in which the Company is incorporated, empowers a corporation within
certain limitations to indemnify any person against expenses, including
attorneys' fees, judgments, fines and amounts paid in settlement actually and
reasonably incurred by him in connection with any suit or proceeding to which he
is a party by reason of the fact that he is or was a director, officer, employee
or agent of the corporation or is or was serving at the request of the
corporation as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise, as long as he acted in
good faith and in a manner which he reasonably believed to be in, or not opposed
to, the best


<PAGE>



interests of the corporation.  With respect to any criminal
proceeding, he must have had no reasonable cause to believe his
conduct was unlawful.

         The Company has in effect directors' and officers' liability insurance.


ITEM 8.  EXHIBITS

   Exhibit No.             Description
   -----------             -----------
         *4(a)   -         Acclaim Entertainment, Inc. 1988 Stock Option Plan,
                           as amended and restated.

          4(b)   -         Certificate of Incorporation (incorporated by
                           reference to Exhibit 3.1 to the Company's
                           Registration Statement on Form S-1, Registration
                           No. 33-28274, filed on April 21, 1989, as amended).

          4(c)   -         Amendment to Certificate of Incorporation
                           (incorporated by reference to Exhibit 3.2 to the
                           Company's Registration Statement on Form S-1,
                           Registration No. 33-28274, filed on April 21, 1989,
                           as amended).

          4(d)             - Amendment to Certificate of Incorporation
                           (incorporated by reference to Exhibit 4(d) to the

                           Company's Registration Statement on Form S-8,
                           Registration No. 33-59483, filed on May 19, 1995 (the
                           "Form S-8")).

          4(e)   -         Amended and Restated By-Laws of the Company
                           (incorporated by reference to Exhibit 4(e) to the
                           Form S-8).

          4(f)             - Specimen of common stock certificate of the Company
                           (incorporated by reference to Exhibit 4.1 to the
                           Company's Annual Report on Form 10-K for the year
                           ended August 31, 1991, filed on November 8, 1989, as
                           amended (File No. 0-16986)).

         *5      -         Opinion of Rosenman & Colin LLP.

         23(a)   -         Consent of KPMG Peat Marwick LLP (included on page
                           II-7).

         23(b)  -          Consent of Grant Thornton LLP (included on page
                           II-8).

         23(c)  -          Consent of Rosenman & Colin LLP (included in
                           Exhibit 5).

                                     II - 2

<PAGE>




         24     -          Power of Attorney (included on page II-6).
---------------------------

*  Filed herewith


                                     II - 3

<PAGE>



ITEM 9.  UNDERTAKINGS

         The undersigned Registrant hereby undertakes: (a) to file, during any
period in which offers or sales are being made, a post-effective amendment to
this Registration Statement to include any material information with respect to
the plan of distribution of the securities being registered hereby not
previously disclosed in this Registration Statement or any material change to
such information in this Registration Statement; (b) that, for the purpose of
determining any liability under the Securities Act of 1933 (the "Securities
Act"), each such post-effective amendment shall be deemed to be a new

registration statement relating to the securities offered herein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof; and (c) to remove from registration by means of a
post-effective amendment any of the securities being registered which remain
unsold at the termination of the offering.

         The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the
Registrant's annual report pursuant to Section 13(a) or 15(d) of the Securities
Exchange Act of 1934 that is incorporated by reference in this Registration
Statement shall be deemed to be a new registration statement relating to the
securities offered herein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.

         Insofar as indemnification for liabilities arising under the Securities
Act may be permitted to directors, officers and controlling persons of the
Registrant pursuant to the foregoing provisions, or otherwise, the Registrant
has been advised that, in the opinion of the Securities and Exchange Commission,
such indemnification is against public policy as expressed in the Act and is,
therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the Registrant of expenses incurred
or paid by a director, officer or controlling person of the Registrant in the
successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being
registered, the Registrant will, unless in the opinion of its counsel the matter
has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Securities Act and will be governed by the final
adjudication of such issue.

                                     II - 4

<PAGE>



                                   SIGNATURES

         Pursuant to the requirements of the Securities Act of 1933, the
Registrant certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Glen Cove, State of New York, on this 11th day of
November, 1997.


                                                    ACCLAIM ENTERTAINMENT, INC.
                                                         (Registrant)


                                                  By   Gregory E. Fischbach
                                                    --------------------------
                                                       Gregory E. Fischbach
                                                   Co-Chairman of the Board and
                                                       Chief Executive Officer


                                     II - 5
 
<PAGE>
                                POWER OF ATTORNEY

         KNOW ALL MEN BY THESE PRESENTS, that each person whose signature
appears below constitutes and appoints Gregory E. Fischbach and James
Scoroposki, and each or either of them, his true and lawful attorney-in-fact and
agent, each acting alone, with full power of substitution and resubstitution,
for him and in his name, place, and stead, in any and all capacities, to sign
any or all amendments (including post-effective amendments) to this Registration
Statement, and to file the same, with all the exhibits thereto, and other
documents in connection therewith, with the Securities and Exchange Commission,
granting unto said attorneys-in-fact and agents, each acting alone, full power
and authority to do and perform each and every act and thing requisite or
necessary to be done in and about the premises as fully, to all intents and
purposes, as he might or could do in person, hereby ratifying and confirming all
that said attorneys-in-fact and agents, each acting alone, or his substitute or
substitutes, may lawfully do or cause to be done by virtue hereof.

         Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities and on the dates indicated.

         Signature                    Title                         Date



  Gregory E. Fischbach       Co-Chairman of the Board;        November 11, 1997
--------------------------     Chief Executive Officer;
  Gregory E. Fischbach         President; Director
                           

  James Scoroposki           Co-Chairman of the Board;        November 11, 1997
--------------------------     Senior Executive Vice
  James Scoroposki             President; Treasurer;
                               Secretary; Director;
                               Acting Chief Financial
                               and Accounting Officer


  Kenneth L. Coleman         Director                         November 11, 1997
--------------------------
  Kenneth L. Coleman


  Bernard J. Fischbach       Director                         November 11, 1997
--------------------------
  Bernard J. Fischbach


  Robert H. Groman           Director                         November 11, 1997
--------------------------
  Robert H. Groman



  James Scibelli             Director                         November 11, 1997
--------------------------
  James Scibelli


  Michael Tannen             Director                         November 11, 1997
--------------------------
  Michael Tannen

                                     II - 6

<PAGE>



                         CONSENT OF INDEPENDENT AUDITORS



To the Board of Directors
Acclaim Entertainment, Inc.:


We consent to the use of our report dated November 5, 1997 incorporated by
reference in this Registration Statement on Form S-8 of Acclaim Entertainment,
Inc.

Our report dated November 5, 1997 contains an explanatory paragraph that states
that the Company's significant losses from operations in fiscal 1997 and 1996
and its working capital and stockholders' deficiencies at August 31, 1997 raise
substantial doubt about its ability to continue as a going concern. The
consolidated financial statements do not include any adjustments that might
result from the outcome of that uncertainty. The report also indicates that the
auditors were unable to review the fiscal 1996 selected quarterly data in
accordance with professional standards.


                                            KPMG PEAT MARWICK LLP


New York, New York
November 10, 1997

                                     II - 7

<PAGE>



                       CONSENT OF INDEPENDENT AUDITORS



         We have issued our report dated December 8, 1995 accompanying the
consolidated financial statements and schedule for the year ended August 31,
1995, included in the Annual Report of Acclaim Entertainment, Inc. on Form 10-K
for the year ended August 31, 1997. We hereby consent to the incorporation by
reference of said report in the Registration Statement of Acclaim Entertainment,
Inc. on Form S-8.

         Our report dated December 8, 1995 contains an emphasis paragraph as to
uncertainty relating to the eventual outcome of certain class action lawsuits.
The fiscal 1995 consolidated financial statements do not include any provision
for any liability that might result upon the resolution of these matters.



GRANT THORNTON LLP


New York, New York
November 5, 1997



                                     II - 8
[{"type": "S-8", "sequence": "1", "description": "REGISTRATION STATEMENT", "secsgml_size_bytes": 17090}]
{"company-data": {"conformed-name": "ACCLAIM ENTERTAINMENT INC", "cik": "0000804888", "assigned-sic": "7372", "irs-number": "382698904", "state-of-incorporation": "DE", "fiscal-year-end": "0831"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-40025", "film-number": "97714796"}, "business-address": {"street1": "ONE ACCLAIM PLAZA", "city": "GLEN COVE", "state": "NY", "zip": "11542", "phone": "5169222400"}, "mail-address": {"street1": "OEN ACCLAIM PALZA", "city": "GLEN COVEY", "state": "NY", "zip": "11542"}, "former-company": {"former-conformed-name": "GAMMA CAPITAL CORP", "date-changed": "19880608"}}
As filed with the Securities and Exchange Commission on November 12, 1997
                                              Registration No. 333-______

===========================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                               ------------------

                                    FORM S-8
                             REGISTRATION STATEMENT
                                      UNDER
                           THE SECURITIES ACT OF 1933
                                ------------------

                           ACCLAIM ENTERTAINMENT, INC.
             (Exact name of registrant as specified in its charter)

               Delaware                              38-2698904
     (State or other jurisdiction of              (I.R.S Employer
     incorporation or organization)             Identification Number)

                                One Acclaim Plaza
                            Glen Cove, New York 11542
                    (Address of principal executive offices)
                               -------------------

                           Acclaim Entertainment, Inc.
                             1988 Stock Option Plan
                            (Full title of the plan)
                               -------------------

     Gregory E. Fischbach                          Copy to:
     Chief Executive Officer                       Jayshree Parthasarathy, Esq.
     One Acclaim Plaza                             Rosenman & Colin LLP
     Glen Cove, New York  11542                    575 Madison Avenue
     (516) 656-5000                                New York, New York  10022
     (Name, address and telephone                  (212) 940-8800
     number of agent for service)
                               -------------------
CALCULATION OF REGISTRATION FEE

==================================================================================================================================

Title of                                                Proposed maximum             Proposed maximum            Amount of
securities to                       Amount to be        offering price               aggregate offering          registration
be registered                        registered         per share*                   price*                      fee

==================================================================================================================================
Common Stock,
  par value $0.02
  per share......                    10,000,000          $4.11                        $41,100,000                 $12,455.00

==================================================================================================================================
* Estimated solely for the purpose of calculating the registration fee;
computed, pursuant to Rule 457(c), upon the basis of the average of the high and
low prices of the Common Stock as quoted on The NASDAQ Stock Market's National
Market System on November 7, 1997.
==============================================================================
PART II

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

ITEM 3.  INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE

         Acclaim Entertainment, Inc. (the "Company") is subject to the
informational requirements of the Securities Exchange Act of 1934 (the "Exchange
Act") and, in accordance therewith, files reports and other information with the
Securities and Exchange Commission (the "Commission"). The following documents,
or portions thereof, filed by the Company with the Commission pursuant to the
Exchange Act are incorporated by reference in this Registration Statement:

                  (a) Annual Report on Form 10-K for the fiscal year ended
         August 31, 1997, filed on November 12, 1997 (File
         No. 0-16986); and

                  (b) The information in respect of the Company's common stock
         under the caption "Description of Registrant's Securities to be
         Registered" contained in the Registration Statement on Form 8-A filed
         on June 8, 1988, as amended by the Current Report on Form 8-K, dated
         August 24, 1989, relating to the one-for-two stock split effected by
         the Company (File No. 0-16986).

         All documents subsequently filed by the Company pursuant to Sections
13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a
post-effective amendment hereto indicating that all securities offered have been
sold or which deregisters all securities then remaining unsold, shall be deemed

to be incorporated by reference in this Registration Statement and to be a part
of this Registration Statement from the respective dates of filings of such
documents.

ITEM 6.  INDEMNIFICATION OF DIRECTORS AND OFFICERS

         The Certificate of Incorporation of the Company provides that any
person may be indemnified against all expenses and liabilities to the fullest
extent permitted by the General Corporation Law of the State of Delaware.

         Section 145 of the General Corporation Law of Delaware, the law of the
state in which the Company is incorporated, empowers a corporation within
certain limitations to indemnify any person against expenses, including
attorneys' fees, judgments, fines and amounts paid in settlement actually and
reasonably incurred by him in connection with any suit or proceeding to which he
is a party by reason of the fact that he is or was a director, officer, employee
or agent of the corporation or is or was serving at the request of the
corporation as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise, as long as he acted in
good faith and in a manner which he reasonably believed to be in, or not opposed
to, the best
interests of the corporation.  With respect to any criminal
proceeding, he must have had no reasonable cause to believe his
conduct was unlawful.

         The Company has in effect directors' and officers' liability insurance.

ITEM 8.  EXHIBITS

   Exhibit No.             Description
   -----------             -----------
         *4(a)   -         Acclaim Entertainment, Inc. 1988 Stock Option Plan,
                           as amended and restated.

          4(b)   -         Certificate of Incorporation (incorporated by
                           reference to Exhibit 3.1 to the Company's
                           Registration Statement on Form S-1, Registration
                           No. 33-28274, filed on April 21, 1989, as amended).

          4(c)   -         Amendment to Certificate of Incorporation
                           (incorporated by reference to Exhibit 3.2 to the
                           Company's Registration Statement on Form S-1,
                           Registration No. 33-28274, filed on April 21, 1989,
                           as amended).

          4(d)             - Amendment to Certificate of Incorporation
                           (incorporated by reference to Exhibit 4(d) to the

                           Company's Registration Statement on Form S-8,
                           Registration No. 33-59483, filed on May 19, 1995 (the
                           "Form S-8")).

          4(e)   -         Amended and Restated By-Laws of the Company
                           (incorporated by reference to Exhibit 4(e) to the
                           Form S-8).

          4(f)             - Specimen of common stock certificate of the Company
                           (incorporated by reference to Exhibit 4.1 to the
                           Company's Annual Report on Form 10-K for the year
                           ended August 31, 1991, filed on November 8, 1989, as
                           amended (File No. 0-16986)).

         *5      -         Opinion of Rosenman & Colin LLP.

         23(a)   -         Consent of KPMG Peat Marwick LLP (included on page
                           II-7).

         23(b)  -          Consent of Grant Thornton LLP (included on page
                           II-8).

         23(c)  -          Consent of Rosenman & Colin LLP (included in
                           Exhibit 5).

                                     II - 2
24     -          Power of Attorney (included on page II-6).
---------------------------

*  Filed herewith

                                     II - 3
ITEM 9.  UNDERTAKINGS

         The undersigned Registrant hereby undertakes: (a) to file, during any
period in which offers or sales are being made, a post-effective amendment to
this Registration Statement to include any material information with respect to
the plan of distribution of the securities being registered hereby not
previously disclosed in this Registration Statement or any material change to
such information in this Registration Statement; (b) that, for the purpose of
determining any liability under the Securities Act of 1933 (the "Securities
Act"), each such post-effective amendment shall be deemed to be a new

registration statement relating to the securities offered herein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof; and (c) to remove from registration by means of a
post-effective amendment any of the securities being registered which remain
unsold at the termination of the offering.

         The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the
Registrant's annual report pursuant to Section 13(a) or 15(d) of the Securities
Exchange Act of 1934 that is incorporated by reference in this Registration
Statement shall be deemed to be a new registration statement relating to the
securities offered herein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.

         Insofar as indemnification for liabilities arising under the Securities
Act may be permitted to directors, officers and controlling persons of the
Registrant pursuant to the foregoing provisions, or otherwise, the Registrant
has been advised that, in the opinion of the Securities and Exchange Commission,
such indemnification is against public policy as expressed in the Act and is,
therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the Registrant of expenses incurred
or paid by a director, officer or controlling person of the Registrant in the
successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being
registered, the Registrant will, unless in the opinion of its counsel the matter
has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Securities Act and will be governed by the final
adjudication of such issue.

                                     II - 4
SIGNATURES

         Pursuant to the requirements of the Securities Act of 1933, the
Registrant certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Glen Cove, State of New York, on this 11th day of
November, 1997.

                                                    ACCLAIM ENTERTAINMENT, INC.
                                                         (Registrant)

                                                  By   Gregory E. Fischbach
                                                    --------------------------
                                                       Gregory E. Fischbach
                                                   Co-Chairman of the Board and
                                                       Chief Executive Officer

                                     II - 5
POWER OF ATTORNEY

         KNOW ALL MEN BY THESE PRESENTS, that each person whose signature
appears below constitutes and appoints Gregory E. Fischbach and James
Scoroposki, and each or either of them, his true and lawful attorney-in-fact and
agent, each acting alone, with full power of substitution and resubstitution,
for him and in his name, place, and stead, in any and all capacities, to sign
any or all amendments (including post-effective amendments) to this Registration
Statement, and to file the same, with all the exhibits thereto, and other
documents in connection therewith, with the Securities and Exchange Commission,
granting unto said attorneys-in-fact and agents, each acting alone, full power
and authority to do and perform each and every act and thing requisite or
necessary to be done in and about the premises as fully, to all intents and
purposes, as he might or could do in person, hereby ratifying and confirming all
that said attorneys-in-fact and agents, each acting alone, or his substitute or
substitutes, may lawfully do or cause to be done by virtue hereof.

         Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities and on the dates indicated.

         Signature                    Title                         Date

  Gregory E. Fischbach       Co-Chairman of the Board;        November 11, 1997
--------------------------     Chief Executive Officer;
  Gregory E. Fischbach         President; Director
                           

  James Scoroposki           Co-Chairman of the Board;        November 11, 1997
--------------------------     Senior Executive Vice
  James Scoroposki             President; Treasurer;
                               Secretary; Director;
                               Acting Chief Financial
                               and Accounting Officer

  Kenneth L. Coleman         Director                         November 11, 1997
--------------------------
  Kenneth L. Coleman

  Bernard J. Fischbach       Director                         November 11, 1997
--------------------------
  Bernard J. Fischbach

  Robert H. Groman           Director                         November 11, 1997
--------------------------
  Robert H. Groman

  James Scibelli             Director                         November 11, 1997
--------------------------
  James Scibelli

  Michael Tannen             Director                         November 11, 1997
--------------------------
  Michael Tannen

                                     II - 6
CONSENT OF INDEPENDENT AUDITORS

To the Board of Directors
Acclaim Entertainment, Inc.:

We consent to the use of our report dated November 5, 1997 incorporated by
reference in this Registration Statement on Form S-8 of Acclaim Entertainment,
Inc.

Our report dated November 5, 1997 contains an explanatory paragraph that states
that the Company's significant losses from operations in fiscal 1997 and 1996
and its working capital and stockholders' deficiencies at August 31, 1997 raise
substantial doubt about its ability to continue as a going concern. The
consolidated financial statements do not include any adjustments that might
result from the outcome of that uncertainty. The report also indicates that the
auditors were unable to review the fiscal 1996 selected quarterly data in
accordance with professional standards.

                                            KPMG PEAT MARWICK LLP

New York, New York
November 10, 1997

                                     II - 7
CONSENT OF INDEPENDENT AUDITORS

         We have issued our report dated December 8, 1995 accompanying the
consolidated financial statements and schedule for the year ended August 31,
1995, included in the Annual Report of Acclaim Entertainment, Inc. on Form 10-K
for the year ended August 31, 1997. We hereby consent to the incorporation by
reference of said report in the Registration Statement of Acclaim Entertainment,
Inc. on Form S-8.

         Our report dated December 8, 1995 contains an emphasis paragraph as to
uncertainty relating to the eventual outcome of certain class action lawsuits.
The fiscal 1995 consolidated financial statements do not include any provision
for any liability that might result upon the resolution of these matters.

GRANT THORNTON LLP

New York, New York
November 5, 1997

                                     II - 8