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

___X___     QUARTERLY  REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
            EXCHANGE  ACT  OF  1934  FOR  THE  QUARTERLY  PERIOD  ENDED
            JUNE  30,  2001.
_______     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      0-22290
                                         --------

                              CENTURY CASINOS, INC.
                              ---------------------
           (Exact name of registrant as specified in its charter)
                    DELAWARE                                84-1271317
                    --------                                ----------
        (State  of  incorporation)                  (IRS Employer  ID  No.)

             200-220  E.  Bennett  Ave., Cripple Creek, Colorado 80813
             ---------------------------------------------------------
                 (Address  of  principal  executive offices)

                             (719)  689-9100
                             ---------------
                             (Phone  Number)


Check  whether  the issuer (1) filed all reports required to be filed by Section
13  or  15(d) of the Exchange Act during the past 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
        -----      -----
   Number of shares of common stock, $.01 par value, outstanding as
   of August 08, 2001:
                              13,817,384

                                        1
<PAGE>




                              CENTURY CASINOS, INC.
                                   FORM 10-QSB
                                      INDEX


                                                                     Page Number
                                                                     -----------
PART  I    FINANCIAL  INFORMATION

Item  1.  Condensed  Financial  Statements  (unaudited)                  3
            Condensed Consolidated Balance Sheet as of
            June 30, 2001

            Condensed  Consolidated  Statements  of                      4
            Earnings for the Three Months Ended
            June 30, 2001 and 2000

            Condensed  Consolidated  Statements  of  Earnings            5
            for the Six Months Ended June 30, 2001 and 2000

            Condensed Consolidated Statements of                         6
            Comprehensive Earnings for the Three Months and
            Six Months Ended June 30, 2001 and 2000

            Condensed  Consolidated Statements of Cash Flows             7
            for the Six Months Ended June 30, 2001 and 2000

            Notes to Condensed Consolidated Financial Statements         8

Item 2.   Management's Discussion and Analysis                          17

PART II   OTHER INFORMATION                                             21

          SIGNATURES                                                    21


                                        2
<PAGE>

<TABLE>
<CAPTION>
<S> <C>
CENTURY  CASINOS,  INC.  AND  SUBSIDIARIES
CONDENSED  CONSOLIDATED  BALANCE  SHEET  (Unaudited)
(Dollar  amounts  in  thousands)
----------------------------------------------------

                                                                   June 30, 2001
                                                                   -------------

ASSETS
Current  Assets:
  Cash  and  cash  equivalents                                     $       2,935
  Accounts receivable                                                        745
  Prepaid expenses and other                                                 491
                                                                    ------------
    Total current assets                                                   4,171

Property and Equipment, net                                               32,957
Goodwill, net                                                              8,701
Other Assets                                                               3,780
                                                                    ------------
Total                                                               $     49,609
                                                                    ============

LIABILITIES  AND  SHAREHOLDERS'  EQUITY
Current  Liabilities:
  Current portion of long-term debt                                 $      2,338
  Accounts payable and accrued expenses                                    2,792
                                                                    ------------
    Total current liabilities                                              5,130

Long-Term Debt, Less Current Portion                                      20,016
Other Non-Current Liabilities                                                522
Minority Interest                                                            871

Shareholders'  Equity:
  Preferred  stock;  $.01  par  value;  20,000,000  shares
   authorized;  no  shares  issued  or  outstanding                            -
  Common  stock;  $.01  par  value;  50,000,000  shares  authorized;
   14,485,776 shares issued; 13,817,384 shares outstanding                   145
  Additional paid-in capital                                              21,915
  Accumulated other comprehensive loss                                   (1,205)
  Retained earnings                                                        3,434
                                                                    ------------
                                                                          24,289
  Treasury stock - 668,392 shares, at cost                               (1,219)
                                                                    ------------
    Total shareholders' equity                                            23,070
                                                                    ------------
Total                                                               $     49,609
                                                                    ============
</TABLE>

See  notes  to  condensed  consolidated  financial  statements.

                                        3
<PAGE>

<TABLE>
<CAPTION>
<S> <C>
CENTURY  CASINOS,  INC.  AND  SUBSIDIARIES
CONDENSED  CONSOLIDATED  STATEMENTS  OF  EARNINGS  (Unaudited)
(Dollar  amounts  in  thousands,  except  for  share  information)
------------------------------------------------------------------
                                                For the Three Months Ended June 30,
                                                -----------------------------------
                                                   2001                    2000
                                                   ----                    ----

Operating  Revenue:
  Casino                                   $         7,459          $         5,951
  Food and beverage                                    491                      315
  Hotel                                                168                       56
  Other                                                199                       64
                                           ---------------          ---------------
                                                     8,317                    6,386
  Less promotional allowances                          924                      872
                                           ---------------          ---------------
    Net operating revenue                            7,393                    5,514
                                           ---------------          ---------------
Operating  Costs  and  Expenses:
  Casino                                             2,295                    1,552
  Food and beverage                                    280                      144
  Hotel                                                166                       49
  General and administrative                         2,114                    1,785
  Depreciation and amortization                      1,254                      932
                                           ---------------          ---------------
    Total operating costs and expenses               6,109                    4,462
                                           ---------------          ---------------
Earnings from Operations                             1,284                    1,052
  Other income (expense), net                        (561)                    (288)
                                           ---------------          ---------------
Earnings before Income Taxes and                       723                      764
 Minority Interest
  Provision for income taxes                           196                      399
                                           ---------------          ---------------
Earnings before Minority Interest                      527                      365
  Minority interest in subsidiary losses                62                       31
                                           ---------------          ---------------
Net Earnings                               $           589          $           396
                                           ===============          ===============

Earnings  Per  Share:
  Basic                                    $          0.05          $          0.03
                                           ===============          ===============
  Diluted                                  $          0.04          $          0.03
                                           ===============          ===============
See  notes  to  condensed  consolidated  financial  statements.
</TABLE>

                                        4
<PAGE>
<TABLE>
<CAPTION>

CENTURY  CASINOS,  INC.  AND  SUBSIDIARIES
CONDENSED  CONSOLIDATED  STATEMENTS  OF  EARNINGS  (Unaudited)
(Dollar  amounts  in  thousands,  except  for  share  information)
------------------------------------------------------------------
<S> <C>
                                                    For the Six Months Ended June 30,
                                                    ---------------------------------
                                                      2001                    2000
                                                      ----                    ----
Operating  Revenue:
  Casino                                       $       14,917         $        11,609
  Food and beverage                                       880                     543
  Hotel                                                   324                      76
  Other                                                   344                     158
                                               --------------         ---------------
                                                       16,465                  12,386
  Less promotional allowances                           1,763                   1,708
                                               --------------         ---------------
    Net operating revenue                              14,702                  10,678
                                               --------------         ---------------

Operating  Costs  and  Expenses:
  Casino                                                4,648                   3,104
  Food and beverage                                       556                     243
  Hotel                                                   326                      63
  General and administrative                            4,208                   3,817
  Depreciation and amortization                         2,491                   1,796
                                               --------------         ---------------
    Total operating costs and expenses                 12,229                   9,023
                                               --------------         ---------------
Earnings from Operations                                2,473                   1,655
  Other income (expense), net                          (1,073)                    861
                                               --------------         ---------------
Earnings before Income Taxes and                        1,400                   2,516
 Minority Interest
  Provision for income taxes                              523                   1,172
                                               --------------         ---------------
Earnings before Minority Interest                         877                   1,344
  Minority interest in subsidiary losses                  165                      31
                                               --------------         ---------------
Net Earnings                                   $        1,042         $         1,375
                                               ==============         ===============

Earnings  Per  Share:
  Basic                                        $         0.08         $          0.10
                                               ==============         ===============
  Diluted                                      $         0.07         $          0.09
                                               ==============         ===============
</TABLE>


See  notes  to  condensed  consolidated  financial  statements.

                                        5
<PAGE>

<TABLE>
<CAPTION>
<S> <C>
CENTURY  CASINOS,  INC.  AND  SUBSIDIARIES
CONDENSED  CONSOLIDATED  STATEMENTS  OF  COMPREHENSIVE  EARNINGS  (Unaudited)
(Dollar  amounts  in  thousands)
-----------------------------------------------------------------------------

                                                For the Three Months Ended June 30,
                                                -----------------------------------
                                                    2001                     2000
                                                    ----                     ----

  Net Earnings                                  $    589                  $    396
  Foreign currency translation adjustments          (320)                     (294)
  Change in fair value of interest rate swap          17                         -
                                                --------                  --------
  Comprehensive Earnings                        $    286                  $    102
                                                ========                  ========


                                                For the Six Months Ended June 30,
                                                ---------------------------------
                                                    2001                     2000
                                                    ----                     ----

  Net Earnings                                  $  1,042                 $  1,375
  Foreign currency translation adjustments          (218)                    (320)
  Cumulative effect of change in accounting
   principle related to interest rate swap,
   net of income tax benefit                        (175)                       -
  Change in fair value of interest rate swap        (153)                       -
                                                --------                 --------
  Comprehensive Earnings                        $    496                 $  1,055
                                                ========                 ========

</TABLE>




See  notes  to  condensed  consolidated  financial  statements.

                                        6
<PAGE>

<TABLE>
<CAPTION>
<S> <C>

CENTURY  CASINOS,  INC.  AND  SUBSIDIARIES
CONDENSED  CONSOLIDATED  STATEMENTS  OF  CASH  FLOWS  (Unaudited)
(Dollar  amounts  in  thousands)
-----------------------------------------------------------------
                                                For the Six Months Ended June 30,
                                                ---------------------------------
                                                 2001                        2000
                                                 ----                        ----

  Cash provided by operating activities     $   1,966                  $    1,474
                                            ---------                  ----------
  Cash (used in) investing activities          (3,454)                     (4,496)
                                            ---------                  ----------
  Cash provided by (used in)                   (4,736)                      4,037
   financing activities
                                            ---------                  ----------
Effect of exchange rate changes on cash          82                           -
                                            ---------                  ----------
  Increase (decrease) in cash and cash         (6,142)                      1,015
   equivalents
  Cash and cash equivalents at beginning        9,077                       2,508
   of period
                                            ---------                  ----------
  Cash and cash equivalents at              $   2,935                  $    3,523
   end of period
                                            =========                  ==========


Supplemental  Disclosure  of  Cash  Flow  Information:
  Interest paid                             $     613                  $      432

  Income taxes paid                         $     930                  $      910
</TABLE>


Non-cash  Investing  and  Financing  Activities:
In  connection with the Company's acquisition of CAL in 2000
(see Note 4), the minority shareholder contributed fixed assets valued at
$3,836 in exchange for a note payable  to  the  minority  shareholder  of
$2,302 and an equity interest of $1,534.


See  notes  to  condensed  consolidated  financial  statements

                                        7
<PAGE>
CENTURY  CASINOS,  INC.  AND  SUBSIDIARIES
NOTES TO CONDENSED  CONSOLIDATED  STATEMENTS (Unaudited)
(Dollar  amounts  in  thousands, except for share information)
-----------------------------------------------------------------

1.   DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION
     Century Casinos, Inc. and subsidiaries (the "Company") is an international
     gaming company which owns and operates a limited-stakes gaming casino
     in Cripple Creek, Colorado, manages a casino within a hotel located in
     Prague, Czech Republic, owns 65% of, is developing, and manages the
     casino operations of a hotel, spa and casino resort in Caledon, South
     Africa, and serves as concessionaire of small casinos on four luxury
     cruise vessels. The Company regularly pursues additional gaming
     opportunities internationally and in the United States.

     The  Company's  operations  in  Cripple Creek, Colorado began with the 1994
     acquisition  of  Legends  Casino  ("Legends"),  followed  by  the 1996
     acquisition  of  Womack's Saloon & Gaming Parlor ("Womacks"), which is
     immediately adjacent to Legends. Following the acquisition of Womacks,
     interior  renovations were undertaken on both properties to facilitate
     the  operation  and marketing of the combined properties as one casino
     under  the  name  Womacks/Legends  Casino.

     In  July  1999, the Company began providing management services and leasing
     gaming equipment to the Casino Millennium, located in the five-star
     Marriott Hotel in Prague, Czech Republic. In January 2000, the Company
     entered into a memorandum of agreement to acquire a 50% ownership
     interest in Casino Millennium. The Company is in the process of
     negotiating a definitive purchase agreement.

     In   April 2000, the Company's South African subsidiary acquired a 50%
     equity interest in Caledon Casino Bid Company (Pty) Limited ("CCBC").
     In June, 2001 the company name for CCBC was changed, with board
     approval, to Century Casinos Caledon (Pty) Ltd. ("CAL"). CAL owns a
     92-room resort hotel and spa and approximately 600 acres of land in
     Caledon, South Africa and was awarded a casino license for the
     project. The Company has a long-term agreement to manage the
     operations of the casino, which began in October 2000. In November
     2000, the Company, through its South African subsidiary, increased its
     equity interest in CAL by 15%, raising its total ownership to 65%.

     In   May 2000, the Company entered into a five-year agreement to serve as
     concessionaire of small casinos providing unlimited-stakes gaming
     operations on four luxury cruise vessels. The Company operates the
     casinos for its own account and pays concession fees based on
     passenger count and gross gaming revenue, as defined, in excess of an
     established per passenger per day amount. The agreement requires the
     Company to provide all necessary gaming equipment. In September 2000,
     the Company opened the first of four casinos aboard the luxury cruise
     vessels, followed by the second and third casinos in October and
     November 2000, respectively. The maiden voyage of the fourth vessel
     occurred in June 2001. The Company has a total of approximately 160
     gaming positions on the four combined shipboard casinos.

     In   August 2000, the Company entered into a five-year agreement to serve
     as concessionaire of a small casino aboard a vessel designed to be an
     exclusive residential community at sea. The Company will operate the
     casino for its own account and pay concession fees based on gross
     gaming revenue, as defined, in excess of an established per passenger
     per day amount. The maiden voyage of the residential cruise liner is
     expected early in 2002.
                                        8
<PAGE>
CENTURY  CASINOS,  INC.  AND  SUBSIDIARIES
NOTES TO CONDENSED  CONSOLIDATED  STATEMENTS (Unaudited)
(Dollar  amounts  in  thousands, except for share information)
-----------------------------------------------------------------
     The  accompanying condensed consolidated financial statements and related
     notes have been prepared in accordance with accounting principles
     generally accepted in the United States of America for interim
     financial reporting and the instructions to Form 10-QSB and Item
     310(b) of Regulation S-B. Accordingly, certain information and
     footnote disclosures normally included in financial statements
     prepared in accordance with accounting principles generally accepted
     in the United States of America, have been condensed or omitted. In
     the opinion of management, all adjustments (consisting of only normal
     recurring accruals) considered necessary for fair presentation of
     financial position, results of operations and cash flows have been
     included. These condensed consolidated financial statements should be
     read in conjunction with the financial statements and notes thereto
     included in the Company's Annual Report on Form 10-KSB for the year
     ended December 31, 2000.

2.   INCOME  TAXES
     The  income  tax  provisions  are based on estimated full-year earnings for
     financial reporting purposes adjusted for permanent differences, which
     consist primarily of nondeductible goodwill amortization.

3.   EARNINGS  PER  SHARE
     Basic  and  diluted  earnings per share for the three months ended June 30,
     2001  and  2000  were  computed  as  follows:

<TABLE>
<CAPTION>
<S> <C>
                                               For the Three Months Ended June 30,
                                               -----------------------------------
                                                      2001                    2000
                                                      ----                    ----
Basic  Earnings  Per  Share:
  Net earnings                              $          589         $           396
                                            ==============         ===============
  Weighted average common shares                13,821,593              14,318,779
                                            ==============         ===============
  Basic earnings per share                  $         0.05         $          0.03
                                            ==============         ===============

Diluted  Earnings  Per  Share:
  Net earnings, as reported                 $          589         $           396
   Interest  expense,  net  of  income                   3                       8
   taxes,  on  convertible  debenture
                                            --------------         ---------------
Net earnings available to common          $          592         $           404
   shareholders
                                            ==============         ===============

  Weighted average common shares                13,821,593              14,318,779
     Effect  of  dilutive  securities:
       Convertible  debenture                      109,293                 271,739
       Stock options and warrants                1,076,118                 752,521
                                            --------------         ---------------
Dilutive potential common shares                15,007,004              15,343,039
                                            ==============         ===============
Diluted earnings per share                  $         0.04         $          0.03
                                            ==============         ===============

Excluded from computation of diluted
earnings per share due to antidilutive
effect:
    Options and warrants to purchase               155,000                 535,000
    common shares
    Weighted average exercise price         $         2.36         $          2.43
</TABLE>

                                        9
<PAGE>

CENTURY  CASINOS,  INC.  AND  SUBSIDIARIES
NOTES TO CONDENSED  CONSOLIDATED  STATEMENTS (Unaudited)
(Dollar  amounts  in  thousands, except for share information)
-----------------------------------------------------------------
<TABLE>
<CAPTION>
<S> <C>

Basic  and diluted earnings per share for the six months ended June 30, 2001 and
2000  were  computed  as  follows:
                                               For the Six Months Ended June 30,
                                               ---------------------------------
                                                    2001                      2000
                                                    ----                      ----

Basic  Earnings  Per  Share:
  Net earnings                              $      1,042              $      1,375
                                            ============              ============
  Weighted average common shares              13,878,741                14,399,342
                                            ============              ============
  Basic earnings per share                  $       0.08              $       0.10
                                            ============              ============

Diluted  Earnings  Per  Share:
  Net earnings, as reported                 $      1,042              $      1,375
   Interest expense, net of income                     8                        16
   taxes, on convertible debenture
                                            ------------              ------------
  Net earnings available to common          $      1,050              $      1,391
  shareholders
                                            ============              ============

  Weighted average common shares              13,878,741                14,399,342
    Effect  of  dilutive  securities:
     Convertible  debenture                      136,019                   271,739
     Stock options and warrants                1,057,988                   440,414
                                            ------------              ------------
  Dilutive potential common shares            15,072,748                15,111,495
                                            ============              ============
  Diluted earnings per share                $       0.07              $       0.09
                                            ============              ============

  Excluded from computation of diluted
  earnings per share due to
  antidilutive effect:
   Options and warrants to purchase              155,000                   565,000
   common shares
   Weighted average exercise price          $       2.36          $           2.39
</TABLE>

4.   CALEDON,  SOUTH  AFRICA

     In   April 2000, the Caledon Casino Bid Company (Pty) Limited ("CCBC") was
     awarded a gaming license for a casino at a 92-room resort hotel and
     spa in Caledon, province of the Western Cape, South Africa and the
     Company's South African subsidiary, Century Casinos Africa (Pty) Ltd
     ("CCA"), acquired a 50% equity interest in CCBC. In June, 2001 the
     company name for CCBC was changed, with board approval, to Century
     Casinos Caledon (Pty) Ltd. ("CAL"). The Company (through CCA) made an
     initial equity investment of approximately $1,534 in and a loan of
     approximately $2,302 to CAL with borrowings under its revolving credit
     facility. In a concurrent transaction, CAL, the Company and Caledon
     Overberg Investments (Proprietary) Limited ("COIL"), a minority
     shareholder in CAL, entered into a note agreement as part of the
     purchase of CAL. Under the terms of the agreement, CAL, in exchange
     for the contribution of certain fixed assets, entered into a loan
     agreement with COIL in  the  amount of approximately $2,302.
                                       10
<PAGE>

CENTURY  CASINOS,  INC.  AND  SUBSIDIARIES
NOTES TO CONDENSED  CONSOLIDATED  STATEMENTS (Unaudited)
(Dollar  amounts  in  thousands, except for share information)
-----------------------------------------------------------------
     The  loan bears interest at the rate of 2% over the prime/base rate
     established by PSG Investment Bank Limited ("PSGIB"), and is due on
     demand subsequent to the repayment in full of the loan, discussed
     below, between CAL and PSGIB. In November 2000, the Company, through
     CCA, acquired an additional 15% of CAL, raising its ownership in CAL
     to 65%. The acquisition was completed with the payment of
     approximately $1,800 by the Company to COIL in exchange for 15% of the
     total shares of common stock of CAL (valued at approximately $1,200)
     and a shareholder loan to CAL, previously held by COIL (with a value
     of approximately $600). The acquisition of CAL by the Company and COIL
     has been recorded using the purchase method of accounting.

     In   April 2000, CAL entered into a loan agreement with PSGIB, which
     agreement provides for a principal loan of approximately $6,200 to
     fund development of the Caledon project and a working capital facility
     of approximately $2,100. CAL is required to make principal payments
     beginning December 2001 and continuing over a five-year period.
     Outstanding borrowings bear interest at the bank's base rate plus
     2.75-3.75%. The shareholders of CAL have pledged all of the common
     shares held by them in CAL to PSGIB as collateral. The loan is also
     collateralized by a first mortgage bond over land and buildings and a
     general notorial bond over all equipment. As of June 30, 2001, $5,700
     has been advanced against the loan agreement. The loan agreement
     includes certain restrictive covenants, as defined in the agreement,
     the most significant of which include, i) CAL must maintain a
     debt/equity ratio of 44:56 after the first twelve months of operations
     and a 40:60 debt/equity ratio after two years of operations, ii) CAL
     must maintain an interest coverage ratio of at least 2.0 after the
     first twelve months of operations, iii) CAL must maintain a debt
     service coverage ratio of at least 1.3 for the principal loan and 1.7
     for the working capital facility after the first twelve months of
     operations, and iv) CAL must maintain a loan life coverage ratio of
     1.5 for the principal loan and a loan life coverage ratio of 2.5 for
     the working capital facility. The Company is required to be in
     compliance with these covenants beginning October 31, 2001. In January
     2001, CAL cancelled the working capital facility to obtain more
     favorable terms. In April 2001, CAL entered into an addendum to the
     loan agreement in which PSGIB provided CAL with a standby facility in
     the amount of approximately $600. CAL is required to make principal
     payments on the standby facility in semi-annual installments,
     beginning December 2001 and continuing over a five-year period.
     Outstanding borrowings under the standby facility bear interest at 3%
     over a base rate of 12.10%. As of June 30, 2001 CAL had drawn $560 on
     the standby facility.

     In  December 1999, the Company, through CCA, entered into a ten-year casino
     management agreement with CAL, which agreement may be extended at CCA's
     option for multiple ten-year periods. The Company, through CCA, will
     earn management fees based on percentages of annual gaming revenue and
     earnings before interest, income taxes, depreciation, amortization and
     certain other costs. The casino opened on October 11, 2000 with 250
     slot machines and 14 gaming tables. In addition to the casino license,
     hotel and spa, CAL owns approximately 600 acres of land, which is
     expected to be used for future expansion of the project.

                                       11
<PAGE>

CENTURY  CASINOS,  INC.  AND  SUBSIDIARIES
NOTES TO CONDENSED  CONSOLIDATED  STATEMENTS (Unaudited)
(Dollar  amounts  in  thousands, except for share information)
-----------------------------------------------------------------

5.   PRAGUE,  CZECH  REPUBLIC
     In   January 2000, the Company entered into a memorandum of agreement with
     B.H. Centrum a.s., the Company's Czech Republic business partner in
     Casino Millennium, located in Prague, Czech Republic. The memorandum
     of agreement provides for the two parties to acquire the casino from
     third parties by either a joint acquisition of Casino Millennium a.s.
     or the formation of a new joint venture. The transaction, if
     completed, would result in the Company having a 50% equity interest in
     Casino Millennium. Any funding required by the Company to consummate
     this transaction would be met through a combination of existing RCF
     borrowings (see Note 6), liquidity and anticipated cash flow. The
     Company is in the process of negotiating a definitive purchase
     agreement. As of June 30, 2001, the Company's net fixed assets leased
     to the Casino Millennium approximated $918 and management fee income
     for the six months ended June 30, 2001 was approximately $132.


6.   REVOLVING  CREDIT  FACILITY
     On   April 26, 2000, the Company and Wells Fargo Bank (the "Bank") entered
     into an Amended and Restated Credit Agreement (the "Agreement" or
     "RCF") which increased the Company's aggregate borrowing commitment
     from the Bank to $26,000 and extended the maturity date to April 2004.
     The aggregate commitment available to the Company will be reduced
     quarterly by $722, beginning October 2000 through the maturity date.
     As of June 30, 2001, the aggregate commitment, net of the quarterly
     reduction, available to the Company was $23,834. Interest on the
     Agreement is variable based on the interest rate option selected by
     the Company, plus an applicable margin based on the Company's leverage
     ratio. The Agreement also requires a nonusage fee based on the
     Company's leverage ratio on the unused portion of the commitment. The
     principal balance outstanding under the loan agreement as of June 30,
     2001 was $13,304. The loan agreement includes certain restrictive
     covenants, the most significant of which include i) WMCK Venture
     Corp., a wholly-owned subsidiary of the Company, must maintain a
     maximum leverage ratio no greater than 3.10 to 1.00, ii) WMCK Venture
     Corp. must maintain a minimum interest coverage ratio no less than
     1.50 to 1.00, and iii) WMCK Venture Corp. must maintain a TFCC ratio
     (a derivative of EBITDA, as defined in the agreement) of no less than
     1.10 to 1.00. As of June 30, 2001, the Company is in compliance with
     all restrictive covenants. The consolidated weighted average interest
     rate on borrowings under the RCF was 8.17% for the first six months of
     2001.

7.   SHAREHOLDERS'  EQUITY
     During the first half of 2001, the Company repurchased, on the open market,
     an additional 203,900 shares of its common stock at an average price
     per share of $1.97. The Company held 668,392 shares in treasury as of
     June 30, 2001.
                                       12
<PAGE>
CENTURY  CASINOS,  INC.  AND  SUBSIDIARIES
NOTES TO CONDENSED  CONSOLIDATED  STATEMENTS (Unaudited)
(Dollar  amounts  in  thousands, except for share information)
-----------------------------------------------------------------

     In   connection with the granting of a gaming license to CAL by the Western
     Cape Gambling and Racing Board in April 2000, CAL issued a total of
     200 preference shares, 100 shares each to two minority shareholders.
     The preference shares are neither cumulative nor redeemable. The
     preference shares entitle the holders of such shares to dividends of
     20% of the after-tax profits directly attributable to the CAL casino
     business subject to working capital and capital expenditure
     requirements and CAL loan obligations and liabilities as determined by
     the directors of CAL. Should the casino business be sold or otherwise
     dissolved, the preference shareholders are entitled to 20% of any
     surplus directly attributable to the CAL casino business, net of all
     liabilities attributable to the CAL casino business. As of June 30,
     2001, no dividends have been declared for the preference shareholders.

8.   ACCOUNTING CHANGES AND RECENT ACCOUNTING PRONOUNCEMENTS
     The  Company adopted SFAS No. 133, Accounting for Derivative Instruments
     and Hedging Activities, and SFAS No. 138, Accounting for Certain
     Derivative Instruments and Certain Hedging Activities, in the first
     quarter of fiscal 2001. SFAS No. 133 establishes accounting and
     reporting standards for derivative instruments and hedging activities.
     The pronouncement requires that a company designate the intent of a
     derivative to which it is a party, and prescribes measurement and
     recognition criteria based on the intent and effectiveness of the
     designation. SFAS No. 138 amends the accounting and reporting
     standards for certain derivative instruments and certain hedging
     activities, including amendments to normal purchases and normal sales,
     interest rate risk, hedging recognized foreign currency denominated
     assets and liabilities and intercompany derivative provisions of SFAS
     No. 133. The cumulative effect of adopting SFAS No. 133 related to the
     Company's interest rate swap agreements was to decrease shareholders'
     equity as of January 1, 2001 by $175, net of related federal and state
     income tax benefits of $104. The adoption of SFAS No. 138 had no
     effect on the Company's financial statements.
                                       13
<PAGE>

CENTURY  CASINOS,  INC.  AND  SUBSIDIARIES
NOTES TO CONDENSED  CONSOLIDATED  STATEMENTS (Unaudited)
(Dollar  amounts  in  thousands, except for share information)
-----------------------------------------------------------------
     For  2001, the Company has adopted Emerging Issues Task Force (EITF) No.
     00-14, Accounting for Certain Sales Incentives and EITF No. 00-22,
     Accounting for Points an Certain Other Time-Based or Volume-Based
     Sales Incentive Offers, and Offers for Free Products or Services to be
     Delivered in the Future. EITF No. 00-14 requires, among other things,
     that discounts which result in a reduction in or refund of the selling
     price of a product or service in a single exchange transaction be
     recorded as a reduction in revenue. As part of the Company's
     promotional activities, the Company offers "free plays" or coupons to
     its customers for gaming activity. The cost associated with these
     activities was previously recorded by the Company as casino expense
     instead of a reduction in revenue. Issue No. 3 of EITF No. 00-22,
     requires that vendors recognize the cash rebate or refund obligation
     associated with time-based or volume-based cash rebates as a reduction
     of revenue based on a "systematic and rational allocation of the cost
     of honoring rebates or refunds earned and claimed to each of the
     underlying revenue transactions that result in progress by the
     customer toward earning the rebate or refund". The liability for such
     obligations is based on the estimated amount of rebates or refunds to
     be ultimately earned, including an estimation of "breakage", if it can
     be reasonably estimated. The Company's players' clubs allow customers
     to earn certain complimentary services and/or cash rebates based on
     the volume of the customers' gaming activity. Prior to adopting EITF
     No. 00-22 the Company accounted for its players' clubs as a casino
     expense instead of a reduction in revenue; however, the liability for
     such obligations was previously recorded in a manner consistent with
     EITF No. 00-22. In 2001, the Company changed its classification of the
     afore mentioned promotional charges from recording the charges as
     expense to recording the charges as a reduction of revenue. The
     changes totaled $1,272 and $1,368 for the six months ended June 30,
     2001 and 2000, respectively, and $654 and $697 for the three months
     ended June 30, 2001 and 2000, respectively; prior period amounts have
     been reclassified to be consistent with the current year periods. The
     reclassifications associated with the adoption of EITF Nos. 00-14 and
     00-22 did not have any impact on net earnings or earnings per share
     amounts.

     In   June 2001, the Financial Accounting Standards Board (the "FASB")
     issued SFAS No. 141, Business Combinations and SFAS No. 142, Goodwill
     and Other Intangible Assets. SFAS No. 141 addresses the methods used
     to account for business combinations and requires the use of the
     purchase method of accounting for all combinations after June 30,
     2001. SFAS No. 142 addresses the methods used to amortize intangible
     assets and to assess impairment of those assets, including goodwill
     resulting from business combinations accounted for under the purchase
     method. SFAS No. 142 is effective for fiscal years beginning after
     December 15, 2001; however, any goodwill or intangible assets with
     indefinite lives acquired after June 30, 2001 will not be amortized.
     Included in assets at June 30, 2001 is unamortized goodwill of
     approximately $8,701. The Company will continue to amortize goodwill
     recognized prior to July 1, 2001, under its current method until
     January 1, 2002, at which time annual and quarterly goodwill
     amortization of $356 and $1,425 will no longer be recognized. The
     Company is required to assess goodwill for impairment in the year of
     adoption. The Company will not be able to determine the full effect of
     SFAS No. 142 on its financial position or results of its operations
     until it is able to complete its analysis of the impairment provisions
     of the new standard during 2002. In the event the Company's analysis
     under the new guidance indicates goodwill is impaired, it will be
     required to record a charge to its earnings in the year of adoption.
                                       14
<PAGE>
CENTURY  CASINOS,  INC.  AND  SUBSIDIARIES
NOTES TO CONDENSED  CONSOLIDATED  STATEMENTS (Unaudited)
(Dollar  amounts  in  thousands, except for share information)
-----------------------------------------------------------------
9.   SEGMENT  INFORMATION
     The  Company is managed in four segments: United States, South Africa,
     Cruise Ships, and Corporate operations. Corporate operations include
     the revenue and expense of certain corporate gaming projects for which
     the Company has secured long term management contracts. Earnings
     before interest, taxes, depreciation and amortization (EBITDA) is not
     considered a measure of performance recognized as an accounting
     principle generally accepted in the United States of America.
     Management believes that EBITDA is a valuable measure of the relative
     performance amongst its operating segments. Segment information as of
     June 30, 2001 and for the three and six months ended June 30, 2001 is
     presented below. Comparable information is not provided for 2000
     because, during the first half of 2000, the Company operated as one
     identifiable segment, Cripple Creek, United States.

<TABLE>
<CAPTION>



<S>                               <C>                <C>            <C>            <C>                 <C>
As of June 30, 2001:              United        South    Cruise    Corporate    Intersegment     Consolidated
                                  States       Africa    Ships      & Other     Elimination
Property and equipment,
net of accumulated depreciation   $  19,046  $  11,834  $  231   $   1,846         -              $  32,957
Total Assets                      $  30,090  $  17,578  $  441   $   4,134      ($2,634)          $  49,609

For the three months ended June 30, 2001:

Net operating revenue             $   5,171  $   1,998  $  150   $      74          -             $   7,393
Depreciation & amortization       $     819  $     362  $   10   $      63          -             $   1,254
Interest  income                  $       -  $      13       -   $      89         ($85)          $      17
Interest expense,
including debt issuance cost      $     355  $     311       -   $      11         ($85)          $     592
Earnings(loss) before income taxes
and minority interest             $   1,396  $    (275) $   24   $    (422)           -           $     723
Income tax expense(benefit)       $     642  $    (181)      -   $    (265)           -           $     196
Net earnings(loss)                $     754  $     (32) $   24   $    (157)           -           $     589
EBITDA                            $   2,570  $     447  $   34   $    (437)           -           $   2,614

</TABLE>

                                       15
<PAGE>
CENTURY  CASINOS,  INC.  AND  SUBSIDIARIES
NOTES TO CONDENSED  CONSOLIDATED  STATEMENTS (Unaudited)
(Dollar  amounts  in  thousands, except for share information)
-----------------------------------------------------------------
<TABLE>
<CAPTION>


<S>                               <C>                <C>            <C>            <C>                 <C>
                                  United        South    Cruise    Corporate    Intersegment     Consolidated
                                  States       Africa    Ships      & Other     Elimination

For the six months ended June 30, 2001:

Net operating revenue             $  10,100  $   4,138  $  332   $     132          -             $  14,702
Depreciation & amortization       $   1,642  $     710  $   21   $     118          -             $   2,491
Interest  income                  $       -  $      26       -   $     179        ($171)          $      34
Interest expense,
including debt issuance cost      $     677  $     535       -   $      24        ($171)          $   1,065
Earnings(loss) before income taxes
and minority interest             $   2,524  $    (385) $   60   $    (799)           -           $   1,400
Income tax expense(benefit)       $   1,161  $    (181)      -   $    (457)           -           $     523
Net earnings(loss)                $   1,363  $     (39) $   60   $    (342)           -           $   1,042
EBITDA                            $   4,843  $     999  $   81   $    (836)           -           $   5,087

</TABLE>
                                       16
<PAGE>
CENTURY  CASINOS,  INC.  AND  SUBSIDIARIES
Item 2. MANAGEMENT DISCUSSION AND ANALYSIS
(Dollar  amounts  in  thousands, except for share information, or as noted)
---------------------------------------------------------------------------
Forward-Looking  Statements,  Business  Environment  and  Risk  Factors

Information  contained  in the following discussion of results of operations and
financial  condition  of  the Company contains forward-looking statements within
the  meaning  of the Private Securities Litigation Reform Act of 1995, which can
be identified by the use of words such as "may", "will", "expect", "anticipate",
"estimate",  or "continue", or variations thereon or comparable terminology.  In
addition,  all statements other than statements of historical facts that address
activities,  events  or  developments  that  the  Company  expects,  believes or
anticipates,  will  or  may  occur  in  the  future, and other such matters, are
forward-looking  statements.

The  following  discussion  should  be  read  in  conjunction with the Company's
consolidated  financial  statements and related notes included elsewhere herein.
The  Company's  future  operating  results may be affected by various trends and
factors,  which  are  beyond  the Company's control.  These include, among other
factors,  the  competitive  environment  in  which  the  Company  operates,  the
Company's  present  dependence  upon  the Cripple Creek, Colorado gaming market,
changes  in the rates of gaming-specific taxes, shifting public attitudes toward
the  socioeconomic  costs  and benefits of gaming, actions of regulatory bodies,
dependence  upon  key  personnel,  the speculative nature of gaming projects the
Company  may  pursue,  risks  associated  with  expansion,  and  other uncertain
business  conditions  that  may  affect  the  Company's  business.

The  Company  cautions  the  reader that a number of important factors discussed
herein,  and in other reports filed with the Securities and Exchange Commission,
could  affect  the  Company's  actual results and cause actual results to differ
materially  from  those  discussed  in  forward-looking  statements.

Results  of  Operations
Six  Months  Ended  June  30,  2001  VS.  2000
----------------------------------------------
Net operating revenue for the first six months of 2001 was $14,702 compared with
$10,678  for  the  same  period  in  2000, an increase of 37.7%.  Casino revenue
increased  from  $11,609  in 2000 to $14,917 in 2001, or 28.5%.  The increase is
attributable  to  the  addition of the Caledon Casino and the cruise ship casino
operations  which  provided $4,138 and $332, respectively.   The Company's share
of  the  Cripple  Creek  casino market was 16.9% through the first six months of
2001  compared with 18.0% a year earlier.  Womacks/Legends Casino operated 14.0%
of  the  slot machines in the Cripple Creek market and achieved an average daily
win  per machine of $105 (one hundred and five dollars) versus the Cripple Creek
average  of  $86  (eighty  six  dollars).  Gross margin for the Company's casino
activities  (casino  revenues,  net of applicable casino gaming incentives, less
casino  expenses) decreased to 65.9% from 69.7% a year earlier, due primarily to
the  effects  of  the  lower margin, 53.7%, achieved by the Caledon Casino which
began  operations  in  October  2000.  The  gross margin for the Company's other
casino  operations increased to 70.0% due primarily to the continued improvement
in  casino  operating  efficiencies.

Food  and beverage revenue increased by 62.1% to $880 for the first half of 2001
compared  with  $543 in 2000.  The increase is principally due to the opening of
the  Caledon  Casino  Hotel  and Spa.  The cost of food and beverage promotional
allowances,  which  is  included  in  casino  costs,  increased slightly to $423
compared  with  $408 in the prior year.  Hotel revenue increased by 326% to $324
for  the first half of 2001 compared with $76 in 2000.  The increase is directly
attributable  to  the opening of the Caledon Casino Hotel and Spa.  The increase
in  hotel costs is associated with the operations of the hotel in Caledon, South
Africa.

                                       17
<PAGE>
CENTURY  CASINOS,  INC.  AND  SUBSIDIARIES
Item 2. MANAGEMENT DISCUSSION AND ANALYSIS
(Dollar  amounts  in  thousands, except for share information, or as noted)
---------------------------------------------------------------------------
General  and administrative expense as a percentage of net operating revenue was
28.6% for the first six months of 2001 compared with 35.7% in 2000.  Included in
first  six  months  of  2000 was the write-off of a non-compete agreement with a
former  officer/director  in  March  2000  and  bonuses  paid  to  certain
officers/directors  relating  to the final payment received in January 2000 from
the  previous  sale  of  the  Company's interest in its Indiana riverboat gaming
license.

Depreciation  expense  increased  to $1,778 in the first six months of 2001 from
$1,125  in same period of 2000, primarily due to the acquisition of fixed assets
for  the Caledon Casino, Hotel and Spa  which opened in October 2000 and ongoing
improvements  to  Womacks/Legends Casino.  Amortization of goodwill in the first
six  months  of 2001 increased to $713 from $671 in the same period of 2000 as a
result  of  the  goodwill recognized in the stock acquisition of CAL in November
2000.

Other income (expense), net, for the first six months of 2001 consists primarily
of net interest costs of $1,031, plus $57 related to the write-down of the value
of  non-operating casino property and land which the Company owns.  Other income
(expense),  net,  for  the  first six months of 2000 consists of $1,380 from the
final  payment  received in January by the Company from the sale of its interest
in  a riverboat gaming license in Indiana, offset by net interest costs of $514.
The  increase  in  interest  expense  is  principally  due  to  the  increase in
outstanding  long-term  debt  associated  with  the stock acquisition of CAL and
continued  improvements  to  the  property  in  Caledon,  South  Africa.

The  income  tax provisions for the six months ended June 30, 2001 and 2000, are
based  on estimated full-year earnings for financial reporting purposes adjusted
for  permanent  book-tax  differences,  consisting  primarily  of  nondeductible
goodwill  amortization.

Liquidity  and  Capital  Resources

Cash  and  cash equivalents totaled $2,935 at June 30, 2001, and the Company had
net  deficit  working  capital of $959.  Additional liquidity is provided by the
Company's  revolving  credit facility ("RCF") with Wells Fargo Bank, under which
the  Company  had  a  total commitment of $26,000 ($23,834, net of the quarterly
reduction)  and  unused  borrowing capacity of approximately $10,530 at June 30,
2001.  For  the  six  months  ended  June  30,  2001, cash provided by operating
activities  was $1,966 compared with $1,474 in the prior-year period.  Cash used
in investing activities of $3,454 for the first six months of 2001, consisted of
a  $250  loan provided by the Company to a non-gaming retailer in Cripple Creek,
Colorado, $1,954 was due to improvements to the Caledon Casino Hotel and Spa in
South  Africa  and  Womacks/Legends  casino  in Cripple Creek, Colorado  and the
balance  was  due  to  increases  in  other  non-current  assets.  Cash  used in
financing  activities  for  the  first  six  months  of  2001  consisted  of net
repayments  of  $5,336  under  the  RCF with Wells Fargo, net borrowings of $698
under the PSG loan agreements, the repurchase of the company's stock on the open
market,  with  a  cost  of  $402,  and  other  net  receipts  of  $304.

The  RCF, which has a maturity date of April 2004, provides for the availability
of  funds,  not to exceed a total of $10,500, for the Company's South Africa and
Casino  Millennium  investments  and  repurchase  of the Company's common stock.
Through  June  30,  2001,  the  Company  had  used  $6,200  for  such  purposes.

                                       18
<PAGE>
CENTURY  CASINOS,  INC.  AND  SUBSIDIARIES
Item 2. MANAGEMENT DISCUSSION AND ANALYSIS
(Dollar  amounts  in  thousands, except for share information, or as noted)
---------------------------------------------------------------------------
In  April  2000,  the  Century  Casinos Caledon (Pty) Ltd. ("CAL") was awarded a
gaming  license  for  a  casino  at  a  92-room resort hotel and spa in Caledon,
province  of  the  Western  Cape,  South  Africa,  and the Company's subsidiary,
Century Casinos Africa (Pty) Ltd. ("CCA"), acquired a 50% equity interest in CAL
The  Company  made  an  initial equity investment of approximately $1,534 in and
loans  totaling  approximately  $2,302 to CAL with borrowings obtained under the
Company's  RCF.  CCA  has a ten-year casino management agreement with CAL, which
agreement may be extended at the Company's option for multiple ten-year periods.
The  Company,  through  CCA,  will  earn management fees based on percentages of
annual  gaming revenue and earnings before interest, income taxes, depreciation,
amortization  and  certain  other  costs.  The casino opened on October 11, 2000
with 250 slot machines and 14 gaming tables.  In addition to the casino license,
hotel and spa, CAL owns approximately 600 acres of land, which is expected to be
used  for  future  expansion  of  the  Caledon  project.  In  November 2000, the
Company,  through  CCA, acquired an additional 15% of CAL, raising its ownership
in CAL to 65%. The acquisition of the additional interest was completed with the
payment  of  approximately  $1,800 by Century to COIL in exchange for 15% of the
total  shares  of  common  stock  of  CAL (valued at approximately $1,200) and a
shareholder  loan  to CAL previously held by COIL (with a value of approximately
$600).  In  April  2000,  CAL  entered into a loan agreement with PSG Investment
Bank  Limited("PSGIB"),  which  provides  for  a principal loan of approximately
$6,200 to fund development of the Caledon project and a working capital facility
of  approximately $2,100.  As of June 30, 2001, $5,700 has been advanced against
the  loan.  In January 2001, CAL cancelled the working capital facility based on
management's ability to obtain more favorable terms.  In April 2001, CAL entered
into  an  addendum  to  the  loan  agreement  in which PSGIB provided CAL with a
standby  facility  in the amount of approximately $600.  CAL is required to make
principal  payments,  beginning  December  2001,  in  semi-annual  installments
continuing  over  a  five-year period.  Outstanding borrowings under the standby
facility  bear  interest at 3% over a base rate of 12.10%.  As of June 30, 2001,
CAL  had  drawn  $560  on  the  standby  facility.

The  Company  has  a  20-year  agreement  with  Casino  Millennium a.s., a Czech
company,  to  operate a casino in the five-star Marriott Hotel, in Prague, Czech
Republic.  The  hotel  and  casino  opened  in  July 1999.  The Company provides
casino  management  services  in  exchange for ten percent of the casino's gross
revenue  and  leases  gaming  equipment,  with an original cost of approximately
$1,200,  to the casino for 45% of the casino's net profit.  In January 2000, the
Company  entered  into  a  memorandum  of  agreement with B. H. Centrum, a Czech
company  which  owns the hotel and casino facility, to acquire the operations of
the  casino  by  either  a  joint  acquisition  of Casino Millennium a.s. or the
formation  of  a new joint venture.  The transaction, if completed, would result
in  the  Company having a 50% equity interest in Casino Millennium.  Any funding
required  by  the  Company to consummate this transaction would be met through a
combination  of  RCF  borrowings,  existing liquidity and anticipated cash flow.
The  Company  is  in the process of negotiating a definitive purchase agreement.

In  May  2000,  the Company entered into a five-year casino concession agreement
with  a  cruise  line  for  casino  operations  aboard four cruise vessels.  The
Company  pays  fees  to  the owner of the vessels based on a percentage of gross
gaming  revenue,  as  defined, in excess of an established per passenger per day
amount.  In  August  2000, the Company entered into a similar agreement to serve
as  concessionaire of a small casino aboard a vessel designed to be an exclusive
residential  community  at sea.  On September 18, 2000 the Company announced the
opening  of  the  first  of  four casinos aboard the cruise vessels.  In October
2000,  the  Company opened a second casino and, in November 2000, opened a third
aboard  a luxury cruise vessel.  The maiden voyage of the fourth vessel occurred
in  June  2001.  Both  agreements  require  the Company to provide all necessary
gaming  equipment, $260 of which the Company purchased during the second half of
2000  and  the  first  half of 2001. The Company estimates the remaining cost at
approximately  $50.

                                       19
<PAGE>
CENTURY  CASINOS,  INC.  AND  SUBSIDIARIES
Item 2. MANAGEMENT DISCUSSION AND ANALYSIS
(Dollar  amounts  in  thousands, except for share information, or as noted)
---------------------------------------------------------------------------
The  Company's  Board  of  Directors  has  approved  a  discretionary program to
repurchase  up  to  $5,000 of the Company's outstanding common stock.  The Board
believes  that  the Company's stock is undervalued in the current trading market
in relation to both its present operations and its future prospects.  During the
first  six months of 2001, the Company purchased 203,900 additional shares at an
average  cost  per share of $1.97.  Beginning in 1998 and through June 30, 2001,
the  Company  has  repurchased  a  total  of 2,053,700 shares at a total cost of
approximately  $2,683.    Management  expects  to  continue to review the market
price  of  the  Company's stock and repurchase shares as appropriate, with funds
coming  from  existing  liquidity  or  borrowings  under  the  RCF.

The  Company  is the contracted casino management partner with and has the right
to a minority equity interest in Rhino Resort Ltd. ("Rhino"), a consortium which
includes  Silverstar  Development  Ltd.  ("Silverstar").  Rhino has submitted an
application  for  a  proposed  $50,000,  hotel/casino  resort development in the
greater  Johannesburg  area  of  South  Africa.  The  value  of  the  proposed
development  fluctuates  with the USD/Rand exchange rate.  The Company currently
estimates  the development cost at approximately 400 million Rand.  In the event
that Rhino is awarded a license, the Company would be required to make an equity
investment  of  approximately  9  million Rand or $1,100 at the current exchange
rate.  This  funding  requirement would be met through borrowings under the RCF.
The  Company has also projected additional development costs of up to $500 which
could  be  incurred  by  the Company related to this project.  In July 2001, the
Gauteng  Gambling  Board  held  an  official  hearing  regarding  the  license
application  of  Rhino.  This  is  the only application being considered for the
sixth  and  final  gaming  license in the Gauteng Province of South Africa.  The
Company anticipates that a final determination on this license application could
be  made during the third or early fourth quarter of 2001.  At the present time,
however,  there can be no certainty regarding an award of this gaming license or
that  this  license  will  ultimately  be  awarded  to  the  Rhino  consortium.

Management believes that the Company's cash at June 30, 2001, together with
expected cash flows from operations and borrowing capacity under the RCF, will
be sufficient to fund its anticipated capital expenditures, pursue additional
business growth opportunities for the foreseeable future, and satisfy its debt
repayment obligations.


                         * * * * * * * * * * * * * * * *

                                       20
<PAGE>

PART  II

OTHER  INFORMATION

Item  1.  -  Legal  Proceedings
             The  Company is not a party to, nor is it aware of, any pending
             or threatened litigation which, in management's opinion,
             could have a material adverse effect on the Company's
             financial position or results of operations.

Item  6.  -  Exhibits  and  Reports  on  Form  8-K

            (a)     Exhibits:
                    No  exhibits  are  being  filed  herewith.

            (b)     Reports  on  Form  8-K:
                    No  reports  on  Form  8-K  were  filed
                    during the quarter ended June 30, 2001.

                                  * * * * * * *
SIGNATURES:

Pursuant  to the Securities Exchange Act of 1934, the Registrant has duly caused
this  report  to  be  signed  on  its  behalf  by the undersigned thereunto duly
authorized.

CENTURY  CASINOS,  INC.

/s/  Larry  Hannappel
___________________________
Larry  Hannappel
Chief  Accounting  Officer  and  duly  authorized  officer
Date:  August  13,  2001

                                       21
<PAGE>