EXHIBIT 10.69

First  Amendment to the Credit  Agreement  dated as of March 31,  1997,  between
Wells Fargo Bank, N.A.  ("Lender");  WMCK Venture Corp., Century Casinos Cripple
Creek, Inc., and WMCK Acquisition Corp. ("Borrowers"); and Century Casinos, Inc.
("Guarantor"), dated November 11, 1997.



                       FIRST AMENDMENT TO CREDIT AGREEMENT


            THIS FIRST AMENDMENT TO CREDIT AGREEMENT ("First Amendment to Credit
Agreement")  dated as of the 11th day of  November,  1997,  is entered into with
reference  to that  certain  Credit  Agreement  dated as of March 31,  1997 (the
"Existing  Credit  Agreement")  executed  by and among  WMCK  VENTURE  CORP.,  a
Delaware   corporation,   CENTURY  CASINOS  CRIPPLE  CREEK,   INC.,  a  Colorado
corporation and WMCK ACQUISITION  CORP., a Delaware  corporation  (collectively,
"Borrowers"),  as  Borrowers,  CENTURY  CASINOS,  INC.,  a Delaware  corporation
("Guarantor"),  as Guarantor, each of the Lenders, as defined therein, and WELLS
FARGO BANK, National Association, as administrative and collateral agent for the
Lenders ("Agent Bank" and together with the Lenders, collectively referred to as
the "Banks"). Capitalized terms used herein not otherwise defined shall have the
meaning set forth for such terms in the Existing Credit Agreement.

            Borrowers, Guarantor and Banks agree as follows:

            1. Modification of Definitions.  Section 1.01 of the Existing Credit
Agreement  shall be and is hereby amended to include the following  definitions,
with such amendment to be effective as of September 30, 1997.  Those terms which
are currently defined by Section 1.01 of the Existing Credit Agreement and which
are also defined below shall be defined as set forth below:

            "Credit  Agreement"  shall mean the  Existing  Credit  Agreement  as
amended by the First  Amendment  to Credit  Agreement,  and as it may be further
amended, modified, extended, renewed or restated from time to time.

            "Existing Credit  Agreement" shall have the meaning set forth in the
Preamble to the First Amendment to Credit Agreement.

            "Existing Guaranty" shall mean the General Continuing Guaranty which
is defined as the "Guaranty" by Section 1.01 of the Existing Credit Agreement.

            "First  Amendment  to Credit  Agreement"  shall have the meaning set
forth in the  Preamble of the First  Amendment to Credit  Agreement  dated as of
November 11, 1997, executed by Borrowers, Guarantor and Banks.

            "Guaranty"  shall mean the Existing  Guaranty as affirmed,  ratified
and modified  pursuant to the First Amendment to Credit  Agreement and as it may
be further amended, modified,  supplemented,  replaced, renewed or restated from
time to time.

            2. Retroactive  Modification of Minimum Annual EBITDA.  Section 6.01
of the Existing Credit Agreement is hereby amended to read, in its entirety,  as
follows, with such amendment to be effective as of September 30, 1997:



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                  "Section   6.01.   Minimum   Annual   EBITDA.   The   Borrower
            Consolidation  shall maintain a minimum  EBITDA,  in the amounts set
            forth  below,  determined  as of  the  end  of  the  Fiscal  Quarter
            commencing  on July 1,  1997,  and as of the end of each  succeeding
            Fiscal Quarter, until Bank Facility Termination, with such EBITDA to
            be calculated, in each case, with respect to the Fiscal Quarter then
            ended and with respect to the immediately preceding three (3) Fiscal
            Quarters, on a rolling four (4) quarter basis:

                        (a) For  EBITDA  calculated  as of the end of the Fiscal
                  Quarter  commencing on July 1, 1997, and for EBITDA calculated
                  as of the end of each  succeeding  Fiscal Quarter  until,  and
                  including,  the Fiscal Quarter commencing on July 1, 1998, the
                  minimum  EBITDA shall be Four  Million  Five Hundred  Thousand
                  Dollars ($4,500,000.00); and

                        (b) For  EBITDA  calculated  as of the end of the Fiscal
                  Quarter   commencing   on  October  1,  1998  and  for  EBITDA
                  calculated  as of the end of each  succeeding  Fiscal  Quarter
                  until Bank Facility  Termination,  the minimum EBITDA shall be
                  Five Million Dollars ($5,000,000.00)."

            3.  Representation  and Warranty.  To induce the Banks to enter into
this First Amendment to Credit Agreement and to make the accommodations provided
for herein,  Borrowers  and  Guarantor  represent  and warrant to the Banks that
there are not any Events of Default  existing,  nor are there any  circumstances
existing which would  constitute such an Event of Default with notice,  lapse of
time, or both.

            4.  Reaffirmation of Guaranty.  Guarantor hereby:  (i) reaffirms and
ratifies its obligations under the Existing Guaranty;  and (ii) agrees that each
and  every  reference  to the  "Credit  Agreement"  which is  contained  in such
Existing Guaranty shall be to the Existing Credit  Agreement,  as amended by the
First  Amendment  to  Credit  Agreement,  and  as it  may  be  further  amended,
supplemented or otherwise modified from time to time.

            5.  Corporate  Authority.   Concurrently  herewith,   Borrowers  and
Guarantor shall each deliver to Agent Bank an original  Certificate of Corporate
Resolution and Certificate of Incumbency executed by the respective Secretary of
each such entity and attested to by the  President,  Vice President or Treasurer
of each such  entity  authorizing  such entity to enter into all  documents  and
agreements  to be  executed  by the  respective  entity  pursuant  to this First
Amendment to Credit Agreement and further authorizing and empowering the officer
or officers who will execute such  documents and  agreements  with the authority
and power to execute such  documents and  agreements on behalf of the respective
entity.

            6. Reimbursement of Agent Bank. Borrowers shall reimburse Agent Bank
for all reasonable  fees and  out-of-pocket  expenses  incurred by Agent Bank in
connection  with this First  Amendment to Credit  Agreement  including,  without
limitation, attorneys' fees of Henderson & Nelson and all other like expenses.

                                       2

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            7. No Other Amendments. Except as specifically set forth herein, the
Credit  Agreement and each of the Loan Documents  shall remain  unchanged and in
full force and effect.

            8.  Counterparts.  This First  Amendment to Credit  Agreement may be
executed by the parties hereto in any number of separate  counterparts  with the
same  effect  as if  the  signatures  hereto  and  hereby  were  upon  the  same
instrument. All such counterparts shall together constitute but one and the same
document.

            IN WITNESS  WHEREOF,  Borrowers  and Banks have  executed this First
Amendment to Credit Agreement by their duly authorized representatives as of the
day and year first above written.

BORROWERS:                             BANKS:

CENTURY CASINOS CRIPPLE                WELLS FARGO BANK,
CREEK, INC., a Colorado                National Association,
corporation                            Agent Bank and Lender


By  /s/ Norbert Teufelberger           By  /s/ Dave Kramer
        --------------------------             ---------------------------------
   Name Norbert Teufelberger              Name Dave Kramer
  Title Director & Secretary             Title SVP

WMCK  ACQUISITION  CORP., a Delaware
corporation


By  /s/ Norbert Teufelberger
        --------------------------
   Name Norbert Teufelberger
  Title Director & Secretary

WMCK VENTURE CORP., a
Delaware corporation


By  /s/ Norbert Teufelberger
        ---------------------------
   Name Norbert Teufelberger
  Title Director & Secretary

GUARANTOR:

CENTURY CASINOS, INC., a
Delaware corporation

By  /s/ Norbert Teufelberger
        ---------------------------
   Name Norbert Teufelberger
  Title Director & Secretary