| DELAWARE                                                      | 84-1271317                           |
|---------------------------------------------------------------|--------------------------------------|
| (State or other jurisdiction ofincorporation or organization) | (I.R.S. Employer Identification No.) |

|                           |   |                     |   |                                          |   |                             |
|--------------------------------|--------|--------------------------|--------|-----------------------------------------------|--------|----------------------------------|
| Large accelerated filer  ̈ |   | Accelerated filer  ̈ |   | Non-accelerated filer  ̈                  |   | Smaller reporting company þ |
|                           |   |                     |   | (Do not check if a smaller reporting company) |   |                             |

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|          |   |                                                                                                                 | Page          |
|---------------|--------|----------------------------------------------------------------------------------------------------------------------|---------------|
| PART I        |   | FINANCIAL INFORMATION                                                                                                | Number        |
|          |   |                                                                                                                 |          |
| Item 1.       |   | Condensed Consolidated Financial Statements (unaudited)                                                              |          |
|          |   |  Condensed Consolidated Balance Sheets as ofMarch 31, 2011 and December 31, 2010                                | 3             |
|          |   |  Condensed Consolidated Statements of Earnings for theThree Months ended March 31, 2011 and 2010                | 4             |
|          |   |  Condensed Consolidated Statements of Comprehensive Earnings for the Three Months ended March 31, 2011 and 2010 | 5             |
|          |   |  Condensed Consolidated Statements of Cash Flows forthe Three Months ended March 31, 2011 and 2010              |  6  |
|          |   |  Notes to Condensed Consolidated Financial Statements                                                           | 8             |
|  Item 2. |   |  Management’s Discussion and Analysis of Financial Condition and Results of Operations                    | 16            |
|  Item 3. |   |  Quantitative and Qualitative Disclosures About Market Risk                                                     |  28      |
|  Item 4. |   |  Controls and Procedures                                                                                        |  28      |
|          |   |                                                                                                                 |          |
| PART II       |   | OTHER INFORMATION                                                                                                    |          |
|          |   |                                                                                                                 |          |
| Item 2.       |   | Unregistered Sales of Equity Securities and Use of Proceeds                                                          | 29            |
|  Item 6. |   |  Exhibits                                                                                                       |  29      |
|          |   |  SIGNATURES                                                                                                     |  29      |

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|                                                                                                                                                                           |   | March 31, |    |   | December 31, |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------|---------|--------|--------------|--------|
| Amounts in thousands, except for share and per share information                                                                                                               |   | 2011      |    |   | 2010         |   |
| ASSETS                                                                                                                                                                         |   |      |    |   |         |   |
| Current Assets:                                                                                                                                                                |   |      |    |   |         |   |
|   Cash and cash equivalents                                                                                                                                          |   | $         | 20,661  |   |         | $      | 21,461 |   |
|   Receivables, net                                                                                                                                                   |   |      | 723     |   |         |   | 1,088 |   |
|   Prepaid expenses                                                                                                                                                   |   |      | 782     |   |         |   | 413 |   |
|   Inventories                                                                                                                                                        |   |      | 321     |   |         |   | 305 |   |
|   Other current assets                                                                                                                                               |   |      | 1       |   |         |   | 3 |   |
|   Deferred income taxes                                                                                                                                              |   |      | 477     |   |         |   | 197 |   |
| Total Current Assets                                                                                                                                                           |   |      | 22,965  |   |         |   | 23,467 |   |
|                                                                                                                                                                           |   |      |    |   |         |   |   |   |
| Property and equipment, net                                                                                                                                                    |   |      | 104,243 |   |         |   | 103,956 |   |
| Goodwill                                                                                                                                                                       |   |      | 5,058   |   |         |   | 4,942 |   |
| Equity investment                                                                                                                                                              |   |      | 3,040   |   |         |   | 2,806 |   |
| Deferred income taxes                                                                                                                                                          |   |      | 1,062   |   |         |   | 1,219 |   |
| Other assets                                                                                                                                                                   |   |      | 278     |   |         |   | 336 |   |
| Total Assets                                                                                                                                                                   |   | $         | 136,646 |   |         | $      | 136,726 |   |
|                                                                                                                                                                           |   |      |    |   |         |   |   |   |
| LIABILITIES AND SHAREHOLDERS’ EQUITY                                                                                                                                     |   |      |    |   |         |   |   |   |
| Current Liabilities:                                                                                                                                                           |   |      |    |   |         |   |   |   |
|   Current portion of long-term debt                                                                                                                                  |   | $         | 2,271   |   |         | $      | 4,203 |   |
|   Accounts payable and accrued liabilities                                                                                                                           |   |      | 5,805   |   |         |   | 5,151 |   |
|   Accrued payroll                                                                                                                                                    |   |      | 2,616   |   |         |   | 2,329 |   |
|   Taxes payable                                                                                                                                                      |   |      | 1,478   |   |         |   | 2,277 |   |
|   Deferred income taxes                                                                                                                                              |   |      | 100     |   |         |   | 97 |   |
| Total Current Liabilities                                                                                                                                                      |   |      | 12,270  |   |         |   | 14,057 |   |
|                                                                                                                                                                           |   |      |    |   |         |   |   |   |
| Long-term debt, less current portion                                                                                                                                           |   |      | 8,973   |   |         |   | 9,305 |   |
| Deferred income taxes                                                                                                                                                          |   |      | 2,138   |   |         |   | 1,866 |   |
| Total Liabilities                                                                                                                                                              |   |      | 23,381  |   |         |   | 25,228 |   |
|                                                                                                                                                                           |   |      |    |   |         |   |   |   |
| Commitments and Contingencies                                                                                                                                                  |   |      |    |   |         |   |   |   |
|                                                                                                                                                                           |   |      |    |   |         |   |   |   |
| Shareholders’ Equity:                                                                                                                                                    |   |      |    |   |         |   |   |   |
|   Preferred stock; $0.01 par value; 20,000,000 shares authorized;                                                                                                    |   |      |    |   |         |   |   |   |
|       no shares issued or outstanding                                                                                                            |   |      | -       |   |         |   | - |   |
| Common stock; $0.01 par value; 50,000,000 shares authorized; 23,990,610 and 23,977,061 shares issued, respectively; 23,874,798 and 23,861,249 shares outstanding, respectively |   |      | 240     |   |         |   | 240 |   |
|   Additional paid-in capital                                                                                                                                         |   |      | 75,039  |   |         |   | 74,930 |   |
|   Accumulated other comprehensive earnings                                                                                                                           |   |      | 6,276   |   |         |   | 4,982 |   |
|   Retained earnings                                                                                                                                                  |   |      | 31,992  |   |         |   | 31,628 |   |
|                                                                                                                                                                           |   |      | 113,547 |   |         |   | 111,780 |   |
|   Treasury stock – 115,812 shares at cost                                                                                                                      |   |      | (282    | )      |         |   | (282 | ) |
|   Total Shareholders’ Equity                                                                                                                                   |   |      | 113,265 |   |         |   | 111,498 |   |
| Total Liabilities and Shareholders’ Equity                                                                                                                               |   | $         | 136,646 |   |         | $      | 136,726 |   |
|                                                                                                                                                                           |   |      |    |   |         |   |   |   |
| See notes to condensed consolidated financial statements.                                                                                                                      |   |      |    |   |         |   |   |   |

----

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|                                                                            |   | For the three months ended March 31, |   |
|---------------------------------------------------------------------------------|--------|-------------------------------------------|--------|
| Amounts in thousands, except for share and per share information                |   | 2011                                      |   |   | 2010 |   |
| Operating revenue:                                                              |   |                                      |   |   |   |   |
|   Gaming                                                              |   | $                                         | 14,825 |   |   | $ | 12,582 |   |
|   Hotel, bowling, food and beverage                                   |   |                                      | 3,243  |   |   |   | 2,765 |   |
|   Other                                                               |   |                                      | 935    |   |   |   | 579 |   |
|            Gross revenue |   |                                      | 19,003 |   |   |   | 15,926 |   |
| Less: Promotional allowances                                                    |   |                                      | (1,888 | ) |   |   | (1,789 | ) |
| Net operating revenue                                                           |   |                                      | 17,115 |   |   |   | 14,137 |   |
| Operating costs and expenses:                                                   |   |                                      |   |   |   |   |   |   |
|   Gaming                                                              |   |                                      | 6,931  |   |   |   | 5,433 |   |
|   Hotel, bowling, food and beverage                                   |   |                                      | 2,511  |   |   |   | 2,110 |   |
|   General and administrative                                          |   |                                      | 5,368  |   |   |   | 4,943 |   |
|   Depreciation                                                        |   |                                      | 1,641  |   |   |   | 1,489 |   |
| Total operating costs and expenses                                              |   |                                      | 16,451 |   |   |   | 13,975 |   |
| Earnings from equity investment                                                 |   |                                      | 92     |   |   |   | 188 |   |
| Earnings from operations                                                        |   |                                      | 756    |   |   |   | 350 |   |
| Non-operating income (expense):                                                 |   |                                      |   |   |   |   |   |   |
|   Interest income                                                     |   |                                      | 2      |   |   |   | 8 |   |
|   Interest expense                                                    |   |                                      | (246   | ) |   |   | (291 | ) |
|   Gains on foreign currency transactions and other                    |   |                                      | 75     |   |   |   | 243 |   |
| Non-operating income (expense), net                                             |   |                                      | (169   | ) |   |   | (40 | ) |
| Earnings before income taxes                                                    |   |                                      | 587    |   |   |   | 310 |   |
| Income tax provision                                                            |   |                                      | 223    |   |   |   | 180 |   |
| Net earnings                                                                    |   | $                                         | 364    |   |   | $ | 130 |   |
|                                                                            |   |                                      |   |   |   |   |   |   |
| Earnings per share:                                                             |   |                                      |   |   |   |   |   |   |
|   Basic                                                               |   | $                                         | 0.02   |   |   | $ | 0.01 |   |
|   Diluted                                                             |   | $                                         | 0.02   |   |   | $ | 0.01 |   |
|                                                                            |   |                                      |   |   |   |   |   |   |
| See notes to condensed consolidated financial statements.                       |   |                                      |   |   |   |   |   |   |

----

----

|                                                      |   | For the three months |   |
|-----------------------------------------------------------|--------|----------------------|--------|
|                                                      |   | ended March 31,      |   |
|                                                      |   |                 |   |   |   |   |
| Amounts in thousands                                      |   | 2011                 |   |   | 2010 |   |
|                                                      |   |                 |   |   |   |   |
| Net earnings                                              |   | $                    | 364    |   |   | $ | 130 |   |
| Foreign currency translation adjustments                  |   |                 | 1,294  |   |   |   | 630 |   |
| Comprehensive earnings                                    |   | $                    | 1,658  |   |   | $ | 760 |   |
|                                                      |   |                 |   |   |   |   |   |   |
| See notes to condensed consolidated financial statements. |   |                 |   |   |   |   |   |   |

----

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|                                                                                |   | For the three months ended March 31, |   |
|-------------------------------------------------------------------------------------|--------|-------------------------------------------|--------|
| Amounts in thousands                                                                |   | 2011                                      |   |   | 2010 |   |
|                                                                                |   |                                      |   |   |   |   |
| Cash Flows from Operating Activities:                                               |   |                                      |   |   |   |   |
|                                                                                |   |                                      |   |   |   |   |
| Net earnings                                                                        |   | $                                         | 364    |   |   | $ | 130 |   |
| Adjustments to reconcile net earnings to net cash provided by operating activities: |   |
| Depreciation                                                                        |   |                                      | 1,641  |   |   |   | 1,489 |   |
| Loss on disposition of fixed assets                                                 |   |                                      | 31     |   |   |   | 2 |   |
| Amortization of stock-based compensation                                            |   |                                      | 96     |   |   |   | 143 |   |
| Amortization of deferred financing costs                                            |   |                                      | 40     |   |   |   | 8 |   |
| Deferred tax expense                                                                |   |                                      | 144    |   |   |   | 141 |   |
| Earnings from equity investment                                                     |   |                                      | (92    | ) |   |   | (188 | ) |
|                                                                                |   |                                      |   |   |   |   |   |   |
| Changes in operating assets and liabilities:                                        |   |                                      |   |   |   |   |   |   |
| Receivables                                                                         |   | $                                         | 374    |   |   | $ | 301 |   |
| Prepaid expenses and other assets                                                   |   |                                      | (357   | ) |   |   | (109 | ) |
| Accounts payable and accrued liabilities                                            |   |                                      | 619    |   |   |   | (490 | ) |
| Inventories                                                                         |   |                                      | (10    | ) |   |   | - |   |
| Other operating assets                                                              |   |                                      | 23     |   |   |   | - |   |
| Accrued payroll                                                                     |   |                                      | 262    |   |   |   | 306 |   |
| Taxes payable                                                                       |   |                                      | (792   | ) |   |   | (477 | ) |
| Net cash provided by operating activities                                           |   |                                      | 2,343  |   |   |   | 1,256 |   |
|                                                                                |   |                                      |   |   |   |   |   |   |
| Cash Flows from Investing Activities:                                               |   |                                      |   |   |   |   |   |   |
| Purchases of property and equipment                                                 |   | $                                         | (970   | ) |   | $ | (753 | ) |
| Proceeds from disposition of Century Casino Millennium                              |   |                                      | -      |   |   |   | 200 |   |
| Acquisition of Century Casino Calgary, net of $1,193 cash acquired                  |   |                                      | -      |   |   |   | (9,301 | ) |
| Proceeds from disposition of assets                                                 |   |                                      | 9      |   |   |   | - |   |
| Net cash used in investing activities                                               |   |                                      | (961   | ) |   |   | (9,854 | ) |
|                                                                                |   |                                      |   |   |   |   |   |   |
| Cash Flows from Financing Activities:                                               |   |                                      |   |   |   |   |   |   |
| Principal repayments                                                                |   | $                                         | (2,535 | ) |   | $ | (423 | ) |
| Repurchase of common stock                                                          |   |                                      | -      |   |   |   | (141 | ) |
| Proceeds from exercise of options                                                   |   |                                      | 13     |   |   |   | - |   |
| Net cash used in financing activities                                               |   |                                      | (2,522 | ) |   |   | (564 | ) |

|   | - | Continued - |
|--------|---|-------------|

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| Effect of Exchange Rate Changes on Cash                                                                                                                                              |   |   | 340    |   |   |   | (27    | )      |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|
|                                                                                                                                                                                 |   |   |   |   |   |   |   |   |
| (Decrease) in Cash and Cash Equivalents                                                                                                                                              |   |   | (800   | )      |   |   | (9,189 | )      |
|                                                                                                                                                                                 |   |   |   |   |   |   |   |   |
| Cash and Cash Equivalents at Beginning of Period                                                                                                                                     |   |   | 21,461 |   |   |   | 36,992 |   |
| Cash and Cash Equivalents at End of Period                                                                                                                                           |   | $      | 20,661 |   |   | $      | 27,803 |   |
| Supplemental Disclosure of Cash Flow Information:                                                                                                                                    |   |   |   |   |   |   |   |   |
| Interest paid                                                                                                                                                                        |   | $      | 229    |   |   | $      | 283    |   |
| Income taxes paid                                                                                                                                                                    |   | $      | 57     |   |   |   | -      |   |
|                                                                                                                                                                                 |   |   |   |   |   |   |   |   |
| Supplemental Disclosure of Non-Cash Investing and Financing Activities:                                                                                                              |   |   |   |   |   |
| Please refer to Note 2 of the Company's condensed consolidated financial statements for details of the Company’s acquisition of the Century Casino Calgary in Alberta, Canada. |   |
|                                                                                                                                                                                 |   |   |   |   |   |   |   |   |
| See notes to condensed consolidated financial statements.                                                                                                                            |   |   |   |   |   |   |   |   |

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----

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION

|   |                                  | March 31 | December 31 | March 31 |
|--------|---------------------------------------|----------|-------------|----------|
|   | Ending Rates                          | 2011     | 2010        | 2010     |
|   | Canadian dollar (CAD)                 | 0.9718   | 0.9946      | 1.0156   |
|   | Euros (€)                       | 0.7051   | 0.7468      | 0.7393   |
|   | Polish zloty (PLN)                    | 2.8229   | 2.9641      | 2.8544   |
|   | Source: Pacific Exchange Rate Service |     |

----

|   |                                  |   | For the three months ended March 31, |   |
|--------|---------------------------------------|--------|-------------------------------------------|--------|
|   | Average Rates                         |   | 2011                                      |   |   | 2010 |   |
|   | Canadian dollar (CAD)                 |   |                                      | 0.9859 |   |   |   | 1.0411 |   |
|   | Euros (€)                       |   |                                      | 0.7314 |   |   |   | 0.7236 |   |
|   | Polish zloty (PLN)                    |   |                                      | 2.8865 |   |   |   | 2.8866 |   |
|   | Source: Pacific Exchange Rate Service |   |

| 2. | ACQUISITIONS |
|----|--------------|

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|   | Amounts in thousands                                                |                                                                                                                                                                        |
|--------|---------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | Acquisition Date                                                    | January 13, 2010                                                                                                                                                            |
|   | Cash                                                                | $1,193                                                                                                                                                                      |
|   | Accounts receivable                                                 | 202                                                                                                                                                                         |
|   | Prepaid expenses                                                    | 207                                                                                                                                                                         |
|   | Inventory                                                           | 56                                                                                                                                                                          |
|   | Property and equipment                                              | 10,977                                                                                                                                                                      |
|   | Deferred tax asset, net                                             |                             690 |
|   | Total assets acquired                                               | 13,325                                                                                                                                                                      |
|   | Accounts payable and accrued liabilities                            |                             429 |
|   | Accrued payroll                                                     |                             222 |
|   | Total liabilities assumed                                           |                             651 |
|   | Net assets                                                          |                        12,674                            |
|   | Excess of net assets over purchase consideration (bargain purchase) |                          1,180                 |
|   | Purchase consideration                                              |                        11,494                            |
|   |                                                                |                                                                                                                                                                        |
|   | Cash acquired                                                       |                         (1,193)                     |
|   | Cash deposit made in 2009                                           |                         (1,000)                     |
|   | Net cash paid in 2010                                               | $9,301                                                                                                                                                                      |

----

|   | Amounts in thousands (in USD):                 | March 31, 2011 | December 31, 2010 |
|--------|------------------------------------------------|----------------|-------------------|
|   | Balance Sheet:                                 |           |              |
|   |     Current assets         | $5,026         | $4,197            |
|   |     Noncurrent assets      | $11,223        | $10,927           |
|   |     Current liabilities    | $5,830         | $5,503            |
|   |     Noncurrent liabilities | $4,139         | $3,842            |

|   |                  |          For the three months            ended March 31, |
|--------|-----------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                  | 2011                                                                                                                                                         | 2010 |
|   | Operating Results     |                                                                                                                                                         |   |
|   | Net operating revenue | $11,537                                                                                                                                                      | $12,902 |
|   | Net earnings          | $275                                                                                                                                                         | $564 |

|   | Amounts in thousands (in USD)          | Total  |
|--------|----------------------------------------|--------|
|   | Balance – January 1, 2011        | $2,806 |
|   | Equity Earnings                        | 92     |
|   | Effect of foreign currency translation | 142    |
|   | Balance – March 31, 2011         | $3,040 |

----

|   | Amounts in thousands                   |   |
|--------|----------------------------------------|--------|
|   | Balance – January 1, 2011        | $4,942 |
|   | Effect of foreign currency translation | $116   |
|   | Balance – March 31, 2011         | $5,058 |

|   |                         | For the three months ended March 31                                                                                                      |
|--------|------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------|
|   |                         | 2011                                                                                                                                          | 2010 |
|   | Amounts in thousands         |                                                                                                                                          |
|   | Hotel, Food & Beverage   | $832                                                                                                                                          | $731 |
|   | Free Plays or Coupons        |                        445 |                        569 |
|   | Player Points                |                        611 |                        489 |
|   | Total Promotional Allowances | $1,888                                                                                                                                        | $1,789 |

----

| ·   | The level of historical taxable income and projections for future taxable income over periods in which the deferred tax assets would be deductible, |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Accumulation of net income before tax utilizing a look-back period of three years, and |
|--------------------|----------------------------------------------------------------------------------------|

| ·   | Tax planning strategies. |
|--------------------|--------------------------|

|   |                                              | For the three months ended March 31, |
|--------|---------------------------------------------------|-------------------------------------------|
|   | Amounts in thousands                              | 2011                                      | 2010 |
|   | U.S. Federal - Current                            | $25                                       | $15 |
|   | U.S. Federal - Deferred                           | -                                         | - |
|   | Provision (benefit) for U.S. federal income taxes | 25                                        | 15 |
|   |                                              |                                      |   |
|   | Foreign - Current                                 | $54                                       | $24 |
|   | Foreign - Deferred                                | 144                                       | 141 |
|   | Provision for foreign income taxes                | 198                                       | 165 |
|   | Total provision for income taxes                  | $223                                      | $180 |

|   |                 | For the three months                                                                         |                                                                                                    |      | For the three months |                                                                              |
|--------|----------------------|----------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------|-----------|----------------------|-----------------------------------------------------------------------------------|
|   | Amounts in thousands | ended March 31, 2011                                                                         |                                                                                                    |      | ended March 31, 2010 |                                                                              |
|   |                 | Pre-tax income (loss)                                                                        | Income tax                                                                                              | Effective |                 | Pre-tax income (loss)                                                             | Income tax | Effective |
|   |                 |                                                                                         |                                                                                                    | tax rate  |                 |                                                                              |   | tax rate |
|   | Canada               | $455                                                                                         | $192                                                                                                    | 42.2%     |                 | $546                                                                              | $156 | 28.6% |
|   | United States        |            (498)                      |                25            | (5.0%)    |                 |            (553)           |                15 | (2.7%) |
|   | Mauritius            |              484            |                  5 | 1.0%      |                 |              279 |                  9 | 3.2% |
|   | Austria              |              118            |                  1 | 0.8%      |                 |            (107)           |  - | - |
|   | Poland               |                28 |                -             | -         |                 |              145 |  - | - |
|   | Total                | $587                                                                                         | $223                                                                                                    | 38.0%     |                 | $310                                                                              | $180 | 58.1% |

----

|   |                                    | For the three months ended March 31 |
|--------|-----------------------------------------|-------------------------------------|
|   |                                    | 2011                                | 2010 |
|   | Weighted average common shares, basic   | 23,711,176                          | 23,542,576 |
|   | Dilutive effect of stock options        | 290,112                             | 217,423 |
|   | Weighted average common shares, diluted | 24,001,288                          | 23,759,999 |

|   |                      | For the three months ended March 31                                                                                                         |
|--------|---------------------------|---------------------------------------------------------------------------------------------------------------------------------------------|
|   |                      | 2011                                                                                                                                        | 2010 |
|   | Unvested restricted stock |                       160,000 |                                - |
|   | Stock options             | 886,710                                                                                                                                     | 916,710 |

----

|   |                                               | Long Lived Assets                    |
|--------|----------------------------------------------------|--------------------------------------|
|   |                                               | March 31,                            | December 31, |
|   | Amounts in thousands                               | 2011                                 | 2010 |
|   |                                               |                                 |   |
|   | United States                                      | $57,297                              | $57,904 |
|   | International:                                     |                                 |   |
|   |    Canada                           | $51,317                              | $50,474 |
|   |    Europe                                | 3,333                                | 3,102 |
|   |    International waters             | 1,734                                | 1,779 |
|   | Total international                                | 56,384                               | 55,355 |
|   | Total                                              | $113,681                             | $113,259 |
|   |                                               |                                 |   |
|   |                                               |                                 |   |
|   |                                               |                                 |   |
|   |                                               | Net Operating Revenue                |
|   |                                               | For the three months ended March 31, |
|   | Amounts in thousands                               | 2011                                 | 2010 |
|   | United States                                      | $7,239                               | $6,437 |
|   | International:                                     |                                 |   |
|   |    Canada                           | $8,341                               | $7,102 |
|   |    International waters & other | 1,535                                | 598 |
|   | Total international                                | 9,876                                | 7,700 |
|   | Total                                              | $17,115                              | $14,137 |

----

Item 2

| -   | The Century Casino & Hotel in Edmonton, Alberta, Canada;  |
|---------------|---------------------------------------------------------------|
| -   | The Century Casino Calgary, Alberta, Canada;                  |
| -             | The Century Casino & Hotel in Cripple Creek, Coloado; and |
| -             | The Century Casino & Hotel in Central City, Colorado.     |

----

|  Cruise Line         | Ship                 |  Agreement Date |
|---------------------------|----------------------|----------------------|
| Silversea Cruises         | Silver Cloud         | May 27, 2000*        |
| Oceania Cruises           | Regatta              | March 28, 2003       |
| Oceania Cruises           | Nautica              | March 28, 2003       |
| Oceania Cruises           | Insignia             | March 28, 2003       |
| Oceania Cruises           | Marina               | June 23, 2010        |
| TUI Cruises               | Mein Schiff 1        | November 24, 2008    |
| Windstar Cruises          | Wind Surf            | March 10, 2010       |
| Windstar Cruises          | Wind Star            | March 10, 2010       |
| Windstar Cruises          | Wind Spirit          | March 10, 2010       |
| Regent Seven Seas Cruises | Seven Seas Voyager   | June 23, 2010        |
| Regent Seven Seas Cruises | Seven Seas Mariner   | June 23, 2010        |
| Regent Seven Seas Cruises | Seven Seas Navigator | June 23, 2010        |

----

|                                  | For the three months ended March 31, |
|---------------------------------------|--------------------------------------|
| Average Rates                         | 2011                                 | 2010 |
| Canadian dollar (CAD)                 | 0.9859                               | 1.0411 |
| Euros (€)                       | 0.7314                               | 0.7236 |
| Polish zloty (PLN)                    | 2.8865                               | 2.8866 |
| Source: Pacific Exchange Rate Service |                                 |

----

----

|                                       |   | For the three months ended March 31, |    |
|--------------------------------------------|--------|-------------------------------------------|---------|
| Amounts in thousands                       |   | 2011                                      |    |   | 2010 |   |   | Change |   |   | Percentage Change |   |
| Gaming Revenue                             |   | $                                         | 14,825  |   |   | $ | 12,582 |   |   | $ | 2,243 |   |   |   | 17.8 | % |
| Hotel, Bowling, Food and Beverage Revenue  |   |                                      | 3,243   |   |   |   | 2,765 |   |   |   | 478 |   |   |   | 17.3 | % |
| Other Revenue                              |   |                                      | 935     |   |   |   | 579 |   |   |   | 356 |   |   |   | 61.5 | % |
| Gross Revenue                              |   |                                      | 19,003  |   |   |   | 15,926 |   |   |   | 3,077 |   |   |   | 19.3 | % |
| Less Promotional Allowances                |   |                                      | (1,888  | ) |   |   | (1,789 | ) |   |   | (99 | ) |   |   | 5.5 | % |
| Net Operating Revenue                      |   |                                      | 17,115  |   |   |   | 14,137 |   |   |   | 2,978 |   |   |   | 21.1 | % |
| Gaming Expenses                            |   |                                      | (6,931  | ) |   |   | (5,433 | ) |   |   | (1,498 | ) |   |   | 27.6 | % |
| Hotel, Bowling, Food and Beverage Expenses |   |                                      | (2,511  | ) |   |   | (2,110 | ) |   |   | (401 | ) |   |   | 19.0 | % |
| General and Administrative Expenses        |   |                                      | (5,368  | ) |   |   | (4,943 | ) |   |   | (425 | ) |   |   | 8.6 | % |
| Total Operating Costs and Expenses         |   |                                      | (16,451 | ) |   |   | (13,975 | ) |   |   | (2,476 | ) |   |   | 17.7 | % |
| Earnings from Equity Investment            |   |                                      | 92      |   |   |   | 188 |   |   |   | (96 | ) |   |   | (51.1 | %) |
| Earnings from Operations                   |   |                                      | 756     |   |   |   | 350 |   |   |   | 406 |   |   |   | 116.0 | % |
| Net Earnings                               |   | $                                         | 364     |   |   | $ | 130 |   |   | $ | 234 |   |   |   | 180.0 | % |
|                                       |   |                                      |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic and Diluted, Earnings Per Share      |   |                                      |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Net Earnings       |   | $                                         | 0.02    |   |   | $ | 0.01 |   |   | $ | 0.01 |   |   |   | 100.0 | % |

----

|                                  |   | For the three months ended March 31, |   |
|---------------------------------------|--------|-------------------------------------------|--------|
| Amounts in thousands                  |   | 2011                                      |   |   | 2010 |   |   | Change |   |   | Percentage Change |   |
| Gaming                                |   | $                                         | 4,084  |   |   | $ | 3,785 |   |   | $ | 299 |   |   |   | 7.9 | % |
| Hotel, Food and Beverage              |   |                                      | 1,422  |   |   |   | 1,308 |   |   |   | 114 |   |   |   | 8.7 | % |
| Other                                 |   |                                      | 464    |   |   |   | 419 |   |   |   | 45 |   |   |   | 10.7 | % |
| Gross Revenue                         |   |                                      | 5,970  |   |   |   | 5,512 |   |   |   | 458 |   |   |   | 8.3 | % |
| Less Promotional Allowances           |   |                                      | (217   | ) |   |   | (152 | ) |   |   | (65 | ) |   |   | 42.8 | % |
| Net Operating Revenue                 |   |                                      | 5,753  |   |   |   | 5,360 |   |   |   | 393 |   |   |   | 7.3 | % |
| Gaming Expenses                       |   |                                      | (1,612 | ) |   |   | (1,509 | ) |   |   | (103 | ) |   |   | 6.8 | % |
| Hotel, Food and Beverage Expenses     |   |                                      | (924   | ) |   |   | (854 | ) |   |   | (70 | ) |   |   | 8.2 | % |
| General & Administrative Expenses |   |                                      | (1,378 | ) |   |   | (1,348 | ) |   |   | (30 | ) |   |   | 2.2 | % |
| Total Operating Costs and Expenses    |   |                                      | (4,279 | ) |   |   | (4,054 | ) |   |   | (225 | ) |   |   | 5.6 | % |
| Earnings from Operations              |   |                                      | 1,474  |   |   |   | 1,306 |   |   |   | 168 |   |   |   | 12.9 | % |
| Net Earnings                          |   | $                                         | 895    |   |   | $ | 719 |   |   | $ | 176 |   |   |   | 24.5 | % |

----

|                                 |   | For the three months ended March 31, |   |
|--------------------------------------|--------|-------------------------------------------|--------|
| Amounts in thousands                 |   | 2011                                      |   |   |   | 2010 | * |   | Change |   |   | Percentage Change |   |
| Gaming                               |   | $                                         | 1,517  |   |   | $ | 1,053 |   |   | $ | 464 |   |   |   | 44.1 | % |
| Bowling, Food and Beverage           |   |                                      | 964    |   |   |   | 636 |   |   |   | 328 |   |   |   | 51.6 | % |
| Other                                |   |                                      | 225    |   |   |   | 101 |   |   |   | 124 |   |   |   | 122.8 | % |
| Gross Revenue                        |   |                                      | 2,706  |   |   |   | 1,790 |   |   |   | 916 |   |   |   | 51.2 | % |
| Less Promotional Allowances          |   |                                      | (118   | ) |   |   | (48 | ) |   |   | (70 | ) |   |   | 145.8 | % |
| Net Operating Revenue                |   |                                      | 2,588  |   |   |   | 1,742 |   |   |   | 846 |   |   |   | 48.6 | % |
| Gaming Expenses                      |   |                                      | (947   | ) |   |   | (527 | ) |   |   | (420 | ) |   |   | 79.7 | % |
| Bowling, Food and Beverage Expenses  |   |                                      | (717   | ) |   |   | (481 | ) |   |   | (236 | ) |   |   | 49.1 | % |
| General & Adminstrative Expenses |   |                                      | (826   | ) |   |   | (555 | ) |   |   | (271 | ) |   |   | 48.8 | % |
| Total Operating Costs and Expenses   |   |                                      | (2,679 | ) |   |   | (1,604 | ) |   |   | (1,075 | ) |   |   | 67.0 | % |
| (Losses) Earnings from Operations    |   |                                      | (91    | ) |   |   | 138 |   |   |   | (229 | ) |   |   | (165.9 | %) |
| Net (Loss) Earnings                  |   | $                                         | (163   | ) |   | $ | 94 |   |   | $ | (257 | ) |   |   | (273.4 | %) |

|                                  |   | For the three months ended March 31, |   |
|---------------------------------------|--------|-------------------------------------------|--------|
| Amounts in thousands                  |   | 2011                                      |   |   | 2010 |   |   | Change |   |   | Percentage Change |   |
| Gaming                                |   | $                                         | 4,763  |   |   | $ | 4,576 |   |   | $ | 187 |   |   |   | 4.1 | % |
| Hotel, Food and Beverage              |   |                                      | 558    |   |   |   | 534 |   |   |   | 24 |   |   |   | 4.5 | % |
| Other                                 |   |                                      | 35     |   |   |   | 38 |   |   |   | (3 | ) |   |   | (7.9 | %) |
| Gross Revenue                         |   |                                      | 5,356  |   |   |   | 5,148 |   |   |   | 208 |   |   |   | 4.0 | % |
| Less Promotional Allowances           |   |                                      | (956   | ) |   |   | (976 | ) |   |   | 20 |   |   |   | (2.0 | %) |
| Net Operating Revenue                 |   |                                      | 4,400  |   |   |   | 4,172 |   |   |   | 228 |   |   |   | 5.5 | % |
| Gaming Expenses                       |   |                                      | (2,059 | ) |   |   | (1,926 | ) |   |   | (133 | ) |   |   | 6.9 | % |
| Hotel, Food and Beverage Expenses     |   |                                      | (497   | ) |   |   | (464 | ) |   |   | (33 | ) |   |   | 7.1 | % |
| General & Administrative Expenses |   |                                      | (886   | ) |   |   | (862 | ) |   |   | (24 | ) |   |   | 2.8 | % |
| Total Operating Costs and Expenses    |   |                                      | (4,097 | ) |   |   | (3,924 | ) |   |   | (173 | ) |   |   | 4.4 | % |
| Earnings from Operations              |   |                                      | 303    |   |   |   | 248 |   |   |   | 55 |   |   |   | 22.2 | % |
| Net Earnings                          |   | $                                         | 196    |   |   | $ | 162 |   |   | $ | 34 |   |   |   | 21.0 | % |

----

|                                  |   | For the three months ended March 31, |   |
|---------------------------------------|--------|-------------------------------------------|--------|
| Amounts in thousands                  |   | 2011                                      |   |   | 2010 |   |   | Change |   |   | Percentage Change |   |
| Gaming                                |   | $                                         | 3,114  |   |   | $ | 2,570 |   |   | $ | 544 |   |   |   | 21.2 | % |
| Hotel, Food and Beverage              |   |                                      | 300    |   |   |   | 287 |   |   |   | 13 |   |   |   | 4.5 | % |
| Other                                 |   |                                      | 21     |   |   |   | 21 |   |   |   | - |   |   |   | - |   |
| Gross Revenue                         |   |                                      | 3,435  |   |   |   | 2,878 |   |   |   | 557 |   |   |   | 19.4 | % |
| Less Promotional Allowances           |   |                                      | (598   | ) |   |   | (613 | ) |   |   | 15 |   |   |   | (2.4 | %) |
| Net Operating Revenue                 |   |                                      | 2,837  |   |   |   | 2,265 |   |   |   | 572 |   |   |   | 25.3 | % |
| Gaming Expenses                       |   |                                      | (1,156 | ) |   |   | (1,049 | ) |   |   | (107 | ) |   |   | 10.2 | % |
| Hotel, Food and Beverage Expenses     |   |                                      | (373   | ) |   |   | (311 | ) |   |   | (62 | ) |   |   | 19.9 | % |
| General & Administrative Expenses |   |                                      | (778   | ) |   |   | (713 | ) |   |   | (65 | ) |   |   | 9.1 | % |
| Total Operating Costs and Expenses    |   |                                      | (2,565 | ) |   |   | (2,362 | ) |   |   | (203 | ) |   |   | 8.6 | % |
| Earnings (Losses) from Operations     |   |                                      | 272    |   |   |   | (97 | ) |   |   | 369 |   |   |   | 380.4 | % |
| Net Earnings (Loss)                   |   | $                                         | 168    |   |   | $ | (60 | ) |   | $ | 228 |   |   |   | 380.0 | % |

----

|                                  |   | For the three months ended March 31, |   |
|---------------------------------------|--------|-------------------------------------------|--------|
| Amounts in thousands                  |   | 2011                                      |   |   | 2010 |   |   | Change |   |   | Percentage Change |   |
| Gaming                                |   | $                                         | 1,346  |   |   | $ | 598 |   |   | $ | 748 |   |   |   | 125.1 | % |
| Other                                 |   |                                      | 189    |   |   |   | - |   |   |   | 189 |   |   |   | 100.0 | % |
| Net Operating Revenue                 |   |                                      | 1,535  |   |   |   | 598 |   |   |   | 937 |   |   |   | 156.7 | % |
| Gaming Expenses                       |   |                                      | (1,157 | ) |   |   | (422 | ) |   |   | (735 | ) |   |   | 174.2 | % |
| General & Administrative Expenses |   |                                      | (146   | ) |   |   | (19 | ) |   |   | (127 | ) |   |   | 668.4 | % |
| Total Operating Costs and Expenses    |   |                                      | (1,415 | ) |   |   | (529 | ) |   |   | (886 | ) |   |   | 167.5 | % |
| Earnings from Operations              |   |                                      | 120    |   |   |   | 69 |   |   |   | 51 |   |   |   | 73.9 | % |
| Net Earnings                          |   | $                                         | 118    |   |   | $ | 67 |   |   | $ | 51 |   |   |   | 76.1 | % |

|                                  |   | For the three months ended March 31, |   |
|---------------------------------------|--------|-------------------------------------------|--------|
| Amounts in thousands                  |   | 2011                                      |   |   | 2010 |   |   | Change |   |   | Percentage Change |   |
| Other                                 |   | $                                         | 2      |   |   |   | - |   |   | $ | 2 |   |   |   | 100.0 | % |
| Net Operating Revenue                 |   |                                      | 2      |   |   |   | - |   |   |   | 2 |   |   |   | 100.0 | % |
| General & Administrative Expenses |   |                                      | (1,354 | ) |   |   | (1,446 | ) |   |   | 92 |   |   |   | (6.4 | %) |
| Total Operating Costs and Expenses    |   |                                      | (1,416 | ) |   |   | (1,502 | ) |   |   | 86 |   |   |   | (5.7 | %) |
| Losses from Operations                |   |                                      | (1,322 | ) |   |   | (1,314 | ) |   |   | (8 | ) |   |   | 0.6 | % |
| Net Loss                              |   | $                                         | (850   | ) |   | $ | (852 | ) |   | $ | 2 |   |   |   | (0.2 | %) |

----

|                                               |   | For the three months ended March 31, |   |
|----------------------------------------------------|--------|-------------------------------------------|--------|
|                                               |   | 2011                                      |   |   | 2010 |   |   | Change |   |   | Percentage Change |   |
| Interest Income                                    |   | $                                         | 2      |   |   | $ | 8 |   |   | $ | (6 | ) |   |   | (75.0 | %) |
| Interest Expense                                   |   |                                      | (246   | ) |   |   | (291 | ) |   |   | 45 |   |   |   | (15.5 | %) |
| Gains on Foreign Currency Transactions & Other |   |                                      | 75     |   |   |   | 243 |   |   |   | (168 | ) |   |   | (69.1 | %) |
| Non-Operating Expense                              |   | $                                         | (169   | ) |   | $ | (40 | ) |   | $ | (129 | ) |   |   | 322.5 | % |

----

|                 |   | For the three months        |   |   |             |   |   | For the three months |   |   |                        |   |
|----------------------|--------|-----------------------------|--------|--------|------------------|--------|--------|----------------------|--------|--------|-----------------------------|--------|
| Amounts in thousands |   | ended March 31, 2011        |   |   |             |   |   | ended March 31, 2010 |   |   |                        |   |
|                 |   |                        |   |   |             |   |   | Effective            |   |   |                        |   |   |   |   |   | Effective |   |
|                 |   |  Pre-tax income (loss) |   |   |  Income tax |   |   | tax rate             |   |   |  Pre-tax income (loss) |   |   | Income tax |   |   | tax rate |   |
| Canada               |   | $                           | 455    |   |             | $      | 192    |                 |   |   | 42.2                        | %      |   | $ | 546 |   |   | $ | 156 |   |   |   | 28.6 | % |
| United States        |   |                        | (498   | )      |             |   | 25     |                 |   |   | (5.0                        | %)     |   |   | (553 | ) |   |   | 15 |   |   |   | (2.7 | %) |
| Mauritius            |   |                        | 484    |   |             |   | 5      |                 |   |   | 1.0                         | %      |   |   | 279 |   |   |   | 9 |   |   |   | 3.2 | % |
| Austria              |   |                        | 118    |   |             |   | 1      |                 |   |   | 0.8                         | %      |   |   | (107 | ) |   |   | - |   |   |   | - |   |
| Poland               |   |                        | 28     |   |             |   | -      |                 |   |   | -                           |   |   |   | 145 |   |   |   | - |   |   |   | - |   |
| Total                |   | $                           | 587    |   |             | $      | 223    |                 |   |   | 38.0                        | %      |   | $ | 310 |   |   | $ | 180 |   |   |   | 58.1 | % |

----

----

Item 3. 

Item 4.  

----

Item 2.

Item 6

|   | (a) Exhibits |
|--------|--------------|

| 3.1  | Certificate of Incorporation of Century Casinos, Inc. is hereby incorporated by reference to the Company’s Proxy Statement for the 1994 Annual Meeting of Stockholders.                                  |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.2  | Amended and Restated Bylaws of Century Casinos, Inc. is hereby incorporated by reference from Exhibit 11.14 to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2002. |
| 31.1 | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002,Co Chief Executive Officer.                                                                                                            |
| 31.2 | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002,Co Chief Executive Officer and President.                                                                                              |
| 31.3 | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002,Principal Financial Officer.                                                                                                           |
| 32.1 | Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002,Co Chief Executive Officer.                                                                                                            |
| 32.2 | Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002,Co Chief Executive Officer and President.                                                                                              |
| 32.3 | Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002,Principal Financial Officer.                                                                                                           |

SIGNATURES

----

| Exhibit No. | Document                                                                                                                                                                                                       |
|-------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1         | Certificate of Incorporation of Century Casinos, Inc. is hereby incorporated by reference to the Company’s Proxy Statement for the 1994 Annual Meeting of Stockholders.                                  |
| 3.2         | Amended and Restated Bylaws of Century Casinos, Inc. is hereby incorporated by reference from Exhibit 11.14 to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2002. |
| 31.1        | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002,Co Chief Executive Officer.                                                                                                            |
| 31.2        | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002,Co Chief Executive Officer and President.                                                                                              |
| 31.3        | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002,Principal Financial Officer.                                                                                                           |
| 32.1        | Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002,Co Chief Executive Officer.                                                                                                            |
| 32.2        | Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002,Co Chief Executive Officer and President.                                                                                              |
| 32.3        | Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002,Principal Financial Officer.                                                                                                           |

----