Exhibit 10.79

Casino Services Agreement dated January 4, 1999 by and between Casino Millennium
a.s., Century Casinos Management, Inc. and B.H. Centrum a.s.


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                            CASINO SERVICES AGREEMENT


         THIS CASINO SERVICES AGREEMENT (the  "Agreement"),  is made and entered
into as of the 4th day of January 1999, by and between CASINO MILLENNIUM a.s., a
corporation  duly organized in the Czech Republic  ("Owner") and CENTURY CASINOS
MANAGEMENT,  INC., a corporation duly organized under the laws of Delaware,  USA
("CCM").  B. H.  CENTRUM  a. s.,  a  corporation  duly  organized  in the  Czech
Republic,  shall be party to this Agreement for certain select  paragraphs  only
("BHC").


                                   WITNESSETH

         WHEREAS,  Owner  shall use its best  efforts  to obtain  all  necessary
approvals  from the relevant  authorities  in the Czech  Republic to develop and
operate a gaming/entertainment  facility to be situated in the Marriott Hotel in
Praha, Czech Republic (the "Casino"),  which is currently under construction and
scheduled  to open in the second  quarter of 1999,  being  developed by BHC, the
landlord of the  gaming/entertainment  facility to be developed  and operated by
Owner; and

         WHEREAS,  this  Agreement  shall  become  effective  only if Owner  has
successfully secured all licenses and approvals necessary to develop and operate
the Casino as outlined in the above Whereas paragraph; and

         WHEREAS, Owner desires to engage CCM to provide the expertise necessary
for the  management of the Casino and CCM is willing to provide such services on
behalf of and for the  account  of Owner on the terms and  conditions  set forth
herein.

         NOW,  THEREFORE,  in  consideration  of the  premises  and  the  mutual
covenants herein contained, the parties hereto agree as follows:


                              I. APPOINTMENT OF CCM

         1.1 Owner hereby appoints,  hires and employs CCM, as Owner's exclusive
agent, to provide services for the management of the Casino on behalf of and for
the account of Owner during the term of this Agreement.  CCM hereby accepts such
appointment upon and subject to the terms, conditions,  covenants and provisions
set forth  herein.  CCM agrees to act in compliance  with this  Agreement and in
conformity with the approved Annual Operating Plan.

         1.2 Owner hereby  agrees  that,  subject to the  limitations  described
herein,  CCM shall have  uninterrupted  control of the  management of the Casino
during the term of this Agreement, and that CCM may provide its services free of
eviction or disturbance by Owner or any third party through or under Owner.

         1.3 Prior to CCM's  recommendation of employment of the general manager
of the Casino,  CCM shall submit to Owner and BHC the resume of such  individual
and Owner and BHC shall have the right to  interview  such  individual  prior to
such individual being hired for the Casino. CCM shall not employ (for Owner) any
individual as general manager, if Owner and BHC have a reasonable and good faith
material basis for disapproving,  as asserted in a writing expressing such basis
for Owner's and BHC's  disapproval.  If Owner and BHC have a reasonable and good
faith material  objection to the  performance of any individual  employed by CCM
(for Owner) as general manager at the Casino,  Owner and BHC shall notify CCM of
such  objection  and CCM shall  meet with  Owner  and BHC with  respect  to such
objection.  Subject to compliance with  applicable  rules and  regulations,  CCM
shall take such steps as Owner and BHC may  reasonably  request  with respect to
any  objectionable  general  manager  that are  reasonably  necessary to satisfy
Owner's and BHC's reasonable objections.  CCM shall promptly notify Owner of any
actual or contemplated  replacement of the general manager and shall comply with
the requirements of the preceding with respect to any such replacement.

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                              II. TERM OF AGREEMENT

         2.1  Unless  sooner  terminated  pursuant  to the  provisions  of  this
Agreement,  the initial term of this Agreement shall be deemed to have commenced
as of the Effective Date and shall expire on the twentieth (20th) anniversary of
the Opening Date of the Casino.  The term of this Agreement shall  automatically
continue for a further  period of five (5) years unless one party serves  notice
to the other party of their  intention to terminate this Agreement at the end of
the  initial  twenty  (20) year term as defined  above.  Such  notice must be in
writing and  delivered to the other party by  registered  mail no later than six
months before the end of the initial twenty (20) year term.

         2.2 This  Agreement  shall  terminate upon the occurrence of any of the
following  events:  (i) the  expiration  of the  term  of  Agreement;  (ii)  the
agreement  by both  parties in writing to terminate  this  Agreement;  (iii) the
exercise of any termination  right  expressly  granted to either Owner or CCM in
this Agreement.

         2.3  All  sums  owed  by  either  party  to the  other  shall  be  paid
immediately upon termination of this Agreement.  In the event of any termination
of this Agreement, Owner shall,  notwithstanding such termination,  be liable to
CCM for the fees earned and reasonable out-of-pocket expenses incurred by CCM in
conformity  with this Agreement  prior to such  termination as follows:  (i) any
unpaid  accrued  portion of the  management  fee  (including  any unpaid accrued
interest  thereon),  if any, plus (ii) all reimbursable  costs to CCM which were
properly  incurred prior to termination  in connection  with the  performance of
CCM's obligations in conformity with this Agreement.  If the termination of this
Agreement is a consequence of Owner's Default, Owner shall also be liable to CCM
for all  reasonable  costs  (including,  but not  limited to,  severance  pay or
settlements and moving expenses of CCM's  employees,  if any, and any attorney's
fees, expenses, and losses as the result of such severance) incurred as a direct
result of Owner's Default. If the termination of this Agreement is a consequence
of CCM's  Default,  CCM shall not have the right to collect  any amounts due CCM
under  this  section  from  the Bank  Accounts.  If Owner  shall  have  properly
instituted a proceeding in arbitration or litigation arising from CCM's Default,
Owner shall have the right to place in escrow that portion of the amount due CCM
under clauses (i) and (ii) which is equal to the damages and expenses  sought in
such  proceeding by Owner as a result of CCM's  Default,  pending the release of
such  funds  to  the  appropriate   party  upon  (i)  the  entry  of  any  final
non-appealable  award of  damages  or  expenses  to  Owner,  or (ii)  any  final
non-appealable decision by the relevant court or arbitrator in favor of CCM.


                               III. MANAGEMENT FEE

          3.1  During  the  Term of  this  Agreement,  CCM  shall  be  paid  the
management  fee by Owner set forth herein.  Failure to pay the management fee in
accordance with the time periods set forth in this Agreement shall  constitute a
breach of this Agreement. The management fee shall be equal to ten percent (10%)
of the  Casino's  Gross  Revenue,  plus  applicable  VAT (DHP).  The  applicable
exchange rate for the  computation  of the management fee and VAT (DHP) shall be
the average  exchange  rate valid on the payment  date as announced by the Czech
National Bank.

         3.2 The fee  described  above  shall be paid  from  Owner to CCM on the
first (1st) day of each month, for the preceding month.  Owner hereby authorizes
CCM to pay  itself  the  monthly  management  fee due from  the  Bank  Accounts.
Notwithstanding  the  foregoing,  all Operating  Expenses shall be paid directly
from the Bank Accounts.


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                       IV. CASINO DEVELOPMENT, PRE-OPENING

         4.1 As soon as  practicable  after the Effective Date of this Agreement
and after Owner and BHC have  demonstrated and represented,  to CCM's reasonable
satisfaction,  that the hotel and Casino will be finished and  ready-to-use on a
certain  date,  until  the  Casino is  substantially  completed  (including  the
installation  of FF&E),  CCM,  either  directly  or  through  one or more of its
Affiliates,  shall  provide the  technical and  pre-opening  services  described
below:

         (i)      Approx.  three months prior to the Estimated Opening Date, CCM
                  shall present to Owner and BHC for approval within thirty (30)
                  days, such approval shall not be unreasonably withheld,  CCM's
                  development  plan and  schedule for  developing  the Casino as
                  well as a development and  pre-opening  budget for the Casino.
                  CCM shall consult with Owner and BHC in the preparation of the
                  development   plan,   provided   Owner   and  BHC   make   its
                  representatives readily available for such consultation.

         (ii)     CCM will prepare specific  operational and functional criteria
                  for the Casino for use by the  architects and the designers in
                  the preparation of the plans and specifications;

         (iii)    CCM  shall  advise  and  consult  with the  architects  in the
                  development  of schematic,  preliminary  and working plans and
                  specifications   and  the   designers  in  the  selection  and
                  specifications of FF&E;

         (iv)     CCM  shall  review,   critique  and  make  recommendations  to
                  architects  and the  designers in the  selection and layout of
                  the FF&E in accordance  with the FF&E  specifications  and the
                  plans and specifications.

         (v)      CCM shall  start to  implement  the  marketing  portion of the
                  development plan, including, but not limited to, direct sales,
                  media and direct mail  advertising,  promotion,  publicity and
                  public relations  designed to attract  customers to the Casino
                  from and after the opening date.

         (vi)     CCM shall,  and shall  have the sole  authority  to,  recruit,
                  hire, provide  orientation to, train,  supervise,  promote and
                  determine  the  compensation  (which must be within normal and
                  reasonable  industry standards) of and discharge all executive
                  and general staff of the Casino on behalf of Owner,  including
                  all Casino personnel to be utilized during the period from the
                  Effective  Date hereto  until the opening  date in  accordance
                  with the development plan.

         4.2 Owner shall  engage and retain,  at Owner's  sole cost and expense,
such architects, engineers, contractors,  designers and other specialists as CCM
and Owner deem necessary to prepare all site plans, grading plans,  construction
drawings, surveys, materials, specifications,  architectural plans and drawings,
elevations,  engineering plans and drawings, approved plans and all other plans,
drawings, studies or reports required for the construction of the Casino and for
the purchase and installation of the FF&E.

         4.3 The FF&E shall (i) bear the name or identifying  characteristic  or
logo of the Casino,  where appropriate,  (ii) be generally consistent in quality
and relative scope with other public areas of the Marriott  hotel,  (iii) comply
with all applicable laws, rules and regulations, and (iv) upon CCM's request and
at CCM's discretion, identify, clearly visible to the customers, that the Casino
is operated in cooperation with Century Casinos.

          4.4 The Casino shall be opened to the public on a date  established by
Owner,  BHC  and  CCM  ("Estimated  Opening  Date")  upon  satisfaction  of  the
following:  (i)  the  construction  project  managers  have  issued  to  Owner a
certificate of substantial  completion  confirming that the Casino and the hotel
have  been   substantially   completed   in   accordance   with  the  plans  and
specifications,  (ii) all operating permits (including,  without  limitation,  a
certificate of occupancy or local equivalent,  gaming/casino, currency exchange,
liquor and restaurant licenses and all permits,  certificates and other licenses
required by any authority) have been obtained,  (iii) the initial cash needs and
the working  capital for the Casino as determined by CCM and the Casino Bankroll
have been furnished by Owner, (iv) CCM is satisfied that all operational systems
have been adequately  tested on a "dry-run" basis to the satisfaction of CCM and
any  appropriate  governmental  authorities,  and  (v)  all  other  governmental
requirements  necessary  to open,  occupy  and  operate  the  Casino  have  been
satisfied. CCM shall use all reasonable efforts in the performance of its duties
under this Agreement to assist Owner in achieving the satisfaction of all of the
foregoing requirements by the Estimated Opening Date.


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         4.5 All costs and expenses  properly  incurred in  connection  with the
technical and pre-opening services of CCM ("Pre-Opening Expenses") shall be paid
from the Bank Accounts. Owner shall deposit, in advance, such sums in accordance
with the schedule as shall be established by the parties in the development plan
and  Owner  shall  maintain  sufficient  funds  therein  to pay all  Pre-Opening
Expenses  in  accordance  with  monthly  schedules  to be  prepared  by CCM  and
submitted  to, and  approved by, Owner and BHC. CCM shall not incur any expenses
or make any  disbursements  that are not  provided  for, or are in excess of one
hundred twenty percent (120%) of any line item, in the development  plan without
Owner's prior written  consent;  provided,  however,  that if a savings of up to
forty percent (40%) is obtained for a line item,  such amount may be reallocated
so as to allow an excess  disbursement  in an amount up to the amount saved with
respect to another line item.

         4.6 All  development  plans and schedules and cost budgets are intended
only to be reasonable  estimates  based on CCM's best business  judgment and CCM
shall not be liable or responsible  in any event if any of the budgeted  figures
are not  attained or there is any  variance  between the actual  numbers and the
amounts set forth in any  development  plans,  schedules or cost budgets.  Owner
acknowledges that CCM has not made any guarantees, warranty or representation of
any nature in this regard.


                              V. CASINO OPERATIONS

          5.1 On or before  November 15 of each year,  CCM shall submit to Owner
and BHC for  approval  within  thirty  (30)  days,  such  approval  shall not be
unreasonably  withheld, an annual operating plan for the operation of the Casino
for the forthcoming  year (each such approved annual  operating plan is referred
to  herein  as an  "Annual  Operating  Plan"),  which  shall  include  an annual
marketing  plan,  annual  operating  budget  by  month  (the  "Annual  Operating
Budget"),  annual  estimate of key operating  statistics,  annual  projection of
sources of cash,  and a two (2) year  projection  of capital  expenditures.  The
Annual  Operating  Plan shall include  sufficient  amounts for  maintenance  and
repairs to keep the Casino in good  operating  condition.  CCM will consult with
Owner and BHC in preparing the Annual  Operating  Plan,  provided that Owner and
BHC make its representatives readily available for such consultations.  If Owner
and CCM cannot agree on certain  portions of the proposed Annual  Operating Plan
or an Annual Operating Budget contained therein,  the undisputed portions of the
proposed Annual  Operating Plan or Annual Operating Budget shall be deemed to be
adopted and approved. With respect to objectionable items in any proposed Annual
Operating  Budget,  the  corresponding  item  contained in the Annual  Operating
Budget for the  preceding  year  shall be  substituted  in lieu of the  disputed
portions of the proposed Annual Operating Budget, excluding, however, line items
in the previous Annual Operating Budget for extraordinary  expenses or revenues.
In any instance where a portion of an Annual  Operating  Budget from a preceding
year is deemed to be applicable to the Annual Operating Budget in effect until a
new Annual Operating Budget is fully approved,  corresponding items contained in
the Annual  Operating  Budget  for the  preceding  year  shall be  automatically
adjusted by a percentage  equal to the  percentage  change in the Consumer Price
Index during the preceding year.

          5.2 Except as provided  elsewhere  in this  Agreement,  CCM shall not,
without  Owner's  prior  written  consent,   incur  any  expenses  or  make  any
disbursements  that are either not provided for in an Annual Operating Budget or
are in excess of one hundred and twenty  percent  (120%) of the amount  approved
for  a  particular  item  in  such  Annual  Operating  Budget  unless  otherwise
permitted;  provided, however, that if a savings of up to forty percent (40%) is
obtained  for a line  item,  such  amount may be  reallocated  so as to allow an
excess  disbursement in an amount up to the amount saved with respect to another
line item. Any request by CCM to make any expenditure or incur any obligation in
excess of one hundred twenty percent (120%) of an amount set forth in the Annual
Operating  Budget  contained in the  applicable  Annual  Operating Plan or which
falls into any category of expenditures which is required by any law to have the
prior  approval  of  Owner,  shall be  submitted  to Owner  in  writing  with an
explanation of such  expenditure.  Owner shall respond to any request within ten
(10) days after the receipt  thereof.  If Owner fails to respond within such ten
(10) day period, the proposed expenditure shall be deemed approved.


     
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         5.3 CCM may  make,  enter  into and  perform,  in the name of,  for the
account  of, on behalf  of,  and at the  expense  of Owner,  any  contracts  and
agreements  provided for under this Agreement and each Annual Operating Plan and
Annual Operating  Budget,  so long as CCM has complied with all the requirements
of this Agreement with respect to such contracts and  agreements.  All costs and
expenses  reasonably  incurred by CCM or an Affiliate of CCM in accordance  with
this Agreement,  the Annual Operating Plan and the Annual Operating Budget shall
be for and on behalf of Owner and for Owner's account. All debts and liabilities
properly  incurred  by CCM under this  Agreement  to third  parties on behalf of
either Owner or the Casino are and shall remain the sole obligations of Owner.

         5.4  During the Term of this  Agreement,  CCM shall  maintain  full and
adequate  books of account and  records  ("Books and  Records")  reflecting  the
results of the  operation of the Casino on an accrual  basis,  all in accordance
with generally accepted accounting  principles and Czech accounting  regulations
consistently  applied in all material  respects.  The Books and Records shall be
kept separate and distinct from all other  operations  and  businesses of CCM or
Affiliates  of CCM.  CCM shall keep all Books and  Records,  including,  without
limitation,  current vendor invoices,  payroll records,  general ledgers, credit
transactions  and other records relating to the Casino at such location as shall
be approved by Owner in writing,  subject to such record  retention  and storage
policies  and  access  rights  required  by any casino  authority  and any other
applicable  governmental  requirements.  All such Books and Records shall at all
times be the  property  of Owner  and  shall not be  removed  from the  approved
location by CCM without Owner's  written  approval except as required by general
laws.  Upon any  termination  of this  Agreement,  all Books and  Records  shall
immediately  be turned over to Owner so as to ensure the orderly  continuance of
the  operation of the Casino,  but (i) CCM may make and retain  copies of all or
any portion of the Books and Records  needed for its own record keeping and (ii)
such  Books and  Records  shall be  available  to CCM for a period of five years
after  termination  of this Agreement at all  reasonable  times for  inspection,
audit,  examination and  transcription of particulars  relating to the period in
which CCM managed the Casino.

         5.5 All Annual  Operating  Plans and  Budgets are  intended  only to be
reasonable  estimates based on CCM's best business judgment and CCM shall not be
liable  or  responsible  in any  event if any of the  budgeted  figures  are not
attained or there is any variance  between the actual revenues and  expenditures
and the  amounts  set forth in any Annual  Operating  Plans and  Budgets.  Owner
acknowledges that CCM has not made any guarantees, warranty or representation of
any nature  concerning  or related to the amounts of Gross Gaming  Revenue to be
generated and Operating Expenses to be incurred from the operation of the Casino
during the term of this Agreement.

         5.6 CCM shall have the discretion and authority to determine  operating
policies  and   procedures,   standards  of  operation,   staffing   levels  and
organization,  win payment  arrangements,  standards of service and maintenance,
pricing,  and other policies affecting the Casino, or the operation thereof,  to
implement all such policies and procedures,  and to perform any act on behalf of
Owner which CCM deems necessary or desirable in its good faith business judgment
for the operation and  maintenance of the Casino on behalf,  for the account and
at the expense of Owner in order to maximize Owner's benefits from the operation
of the Casino. CCM shall apply the same standards of care and diligence as if it
were the Owner.

         5.7 Owner shall  establish one or more bank accounts that are necessary
for the operation of the Casino at various banking  institutions chosen by Owner
and CCM (such  accounts are  hereinafter  collectively  referred to as the "Bank
Accounts").  The accounts shall be in the name of Owner, but, except as provided
in the following sentence,  CCM's designees shall be the only persons authorized
to draw upon the Bank  Accounts.  If CCM has committed an Event of Default which
continues during the term of any applicable cure periods, or if CCM has acted in
bad faith with respect to Owner's funds in the Bank  Accounts,  then Owner shall
have the  right to  assume  sole  control  of the  Bank  Accounts  upon ten (10)
business days' prior written notice to CCM,  whereupon the signatures of two (2)
members of Owner  shall be  required  to draw upon the Bank  Accounts.  The Bank
Accounts  shall be interest  bearing  accounts if such  accounts are  reasonably
available and all interest  thereon shall be credited to the Bank Accounts.  All
Gross  Revenues  received  by CCM from the  operations  of the  Casino  shall be
deposited in the Bank  Accounts and CCM shall pay out of the Bank  Accounts,  to
the extent of the funds therein,  from time to time, all Operating  Expenses and
other amounts  required by CCM to perform its obligations  under this Agreement.
Owner shall bear the risk of the insolvency of any financial institution holding
such Bank Accounts.


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         5.8 Without limiting the generality of this section,  in the event that
a condition exists in, on, or about the Casino of a nature  reasonably  believed
by CCM to be an  emergency,  including  structural  repairs,  which CCM believes
requires  immediate  repair to  preserve  and  protect the Casino and assure its
continued  operation  or to  protect  the safety  and  welfare  of the  Casino's
customers,  guests or employees,  CCM, on behalf of and at the expense of Owner,
shall take all reasonable steps and make all reasonable  expenditures  necessary
to repair and correct any such  condition,  whether or not provisions  have been
made in the applicable budgets for any such emergency expenditures. Expenditures
made by CCM in  connection  with  an  emergency  shall  be paid  from  the  Bank
Accounts.  Owner  shall  replenish  funds paid from the Bank  Accounts  with any
insurance  proceeds,  if any,  received by Owner with respect to such  emergency
condition  or  situation,  and Owner shall  replace any  difference  between the
insurance proceeds, if any, and the amount used for such emergency from the Bank
Accounts.  CCM shall promptly  notify Owner of any emergency  expenditures  made
pursuant to this section.

         5.9 CCM shall  provide  Owner and BHC with daily  revenue  and  monthly
financial  statements  concerning  the operation of the Casino without delay for
appropriate invoicing under Owner's Lease Agreement with BHC.


                              VI. EVENTS OF DEFAULT

         6.1 The  occurrence of any one or more of the events  described in this
section which is not cured within the time permitted shall  constitute a default
under this  Agreement  (hereinafter  referred to as a "Default"  or an "Event of
Default") as to the party failing in the  performance or effecting the breaching
act.

         a)       CCM's Defaults.  CCM shall have committed a "CCM's Default" if
                  CCM shall:

                  (i)      file  a   voluntary   petition   in   bankruptcy   or
                           insolvency,    or   a   petition    for   relief   or
                           reorganization  under any  bankruptcy  or  insolvency
                           law;

                  (ii)     consent to an  involuntary  petition in bankruptcy or
                           fail to vacate  any order  approving  an  involuntary
                           petition  within  sixty  (60)  days  from the date of
                           entry thereof;

                  (iii)    assign for the  benefit of its  creditors  all or any
                           substantial  part of its  assets,  or  consent to the
                           appointment of a receiver,  liquidator,  custodian or
                           trustee  in   bankruptcy   for  CCM  of  all  or  any
                           substantial part of its assets;

                  (iv)     fail to materially  perform or materially comply with
                           any of the  covenants,  agreed  terms  or  conditions
                           contained in this Agreement  applicable to CCM (other
                           than  monetary   payments)  and  such  failure  shall
                           continue for a period of  forty-five  (45) days after
                           written  notice  thereof from Owner to CCM specifying
                           in detail the nature of such failure, or, in the case
                           such failure is of a nature that it cannot,  with due
                           diligence and good faith, be cured within  forty-five
                           (45) days, if CCM fails to proceed  promptly and with
                           all due  diligence and in good faith to cure the same
                           and  thereafter  to  prosecute  the  curing  of  such
                           failure to completion  with all due diligence  within
                           ninety (90) days thereafter.

If the only  result of the  failure  by CCM to act is a  monetary  loss to Owner
which is not  otherwise  capable of being cured by CCM, then CCM shall not be in
Default if CCM reimburses Owner for such losses within ninety (90) business days
of incurring such loss or otherwise protects Owner against such loss in a manner
reasonably acceptable to Owner.


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         b) Owner's Default.  Owner shall have committed an "Owner's Default" if
Owner shall:

                   (i)     file  a   voluntary   petition   in   bankruptcy   or
                           insolvency,    or   a   petition    for   relief   or
                           reorganization  under any  bankruptcy  or  insolvency
                           law;  

                  (ii)     consent to an  involuntary  petition in bankruptcy or
                           fail to vacate  any order  approving  an  involuntary
                           petition  within  sixty  (60)  days  from the date of
                           entry thereof;

                  (iii)    assign for the  benefit of its  creditors  all or any
                           substantial part of its assets, or the consent to the
                           appointment of a receiver,  liquidator,  custodian or
                           trustee in bankruptcy for all or any substantial part
                           of its assets;
                           
                  (iv)     fail to make any monetary payment required under this
                           Agreement,   including,   but  not  limited  to,  the
                           management fee or Owner's Advances,  on or before the
                           due date recited  herein and said  failure  continues
                           for thirty (30) business  days after  written  notice
                           from CCM specifying such failure; or

                  (v)      fail to perform or materially  comply with any of the
                           other  covenants,  agreements,  terms  or  conditions
                           contained in this  Agreement  applicable to Owner and
                           such   failure   shall   continue  for  a  period  of
                           forty-five  (45) days after  written  notice  thereof
                           from CCM to Owner  specifying in detail the nature of
                           such  failure,  or, in the case such  failure is of a
                           nature that it cannot,  with due  diligence  and good
                           faith,  cure within  forty-five  (45) days,  if Owner
                           fails to proceed  promptly and with all due diligence
                           and in good faith to cure the same and  thereafter to
                           prosecute  the curing of such  failure to  completion
                           with  all  due  diligence  within  ninety  (90)  days
                           thereafter.

         6.2 Upon the occurrence of a CCM's Default,  Owner shall be entitled to
(i) terminate this Agreement by Owner's written notice of termination to CCM and
such  termination  shall be effective  fifteen (15) days after  delivery of such
notice; or (ii) obtain specific  performance of CCM's obligations  hereunder and
injunctive  relief. In the event of a termination of this Agreement  pursuant to
clause (i) of this section,  Owner shall be entitled to a payment, as liquidated
damages, in the amount of the projected Management Fee for the twelve (12) month
period following the termination. Upon the occurrence of an Owner's Default, CCM
shall be entitled to (a) terminate  this  Agreement by CCM's  written  notice of
termination to Owner, and such  termination  shall be effective thirty (30) days
after delivery of such notice or such time as a new management  services company
is  appointed,  whichever  is earlier;  or (b) obtain  specific  performance  of
Owner's  obligations  hereunder  and  injunctive  relief.  In  the  event  of  a
termination of this Agreement pursuant to clause (a) of this section,  CCM shall
be entitled  to  accelerated  payment of its  projected  Management  Fee for the
twelve (12) month period following the termination  date of this Agreement.  The
projection for the  Management Fee shall be based on the estimated  revenues for
the Casino in the Casino's  most recent  Annual  Operating  Budget.  The parties
hereby agree that the amount payable as liquidated  damages described above is a
reasonable  estimate of the amount of damages for  termination of this Agreement
arising out of such CCM or Owner Default and the  termination  of this Agreement
and upon  payment  thereof  CCM or Owner,  respectively,  shall  have no further
rights, claims or entitlement to damages as a consequence of such termination.

         6.3 No delay  or  omission  as to the  exercise  of any  right or power
accruing  upon any Event of  Default  shall  impair the  non-defaulting  party's
exercise of any right or power or shall be construed to be a waiver of any Event
of Default.

                 7. CERTAIN RIGHTS AND RESPONSIBILITIES OF OWNER

         7.1 Owner shall advance to CCM on a timely and prompt basis immediately
available  funds with which to conduct  the affairs of and  maintain  the Casino
(hereafter referred to as "Owner's Advances") as set forth in this Agreement and
as otherwise provided hereunder.

         7.2 Owner shall timely fund to CCM the initial amounts agreed to by the
parties set forth in the development  plan or any revisions  thereof approved by
Owner.  In the event that Owner or CCM anticipates a delay in the opening of the
Casino beyond the Estimated Opening Date, each shall be obligated to immediately
notify the other in writing and Owner shall,  at the request of CCM, at any time
and  from  time to  time,  deposit  with  CCM any  additional  amounts  that are
reasonably necessary to pay the additional  Pre-Opening Expenses attributable to
the delay,  which shall include,  without  limitation,  wages and other expenses
relating to the Casino's personnel already employed.

                                     - 7 -

<PAGE>

         7.3 Thirty (30) days prior to the Estimated  Opening Date,  Owner shall
fund to CCM the working capital  necessary to commence  operating the Casino, as
established by CCM. During the term of this Agreement,  within five (5) business
days after receipt of written notice from CCM, Owner shall fund Owner's Advances
adequate  to insure  that the  working  capital is  sufficient  to  support  the
uninterrupted and efficient ongoing operation of the Casino. The written request
for any  additional  working  capital  shall be  submitted  by CCM to Owner on a
quarterly basis based.

         7.4      CCM shall pay from Gross Gaming  Revenues the following  items
                  on or  immediately  before  their  applicable  due  date:  

                  (i)      Operating Expenses (including the management fee) and
                           emergency expenditures, if any; and

                  (ii)     Payments  due  on any  purchase  or  other  financing
                           arrangements  relating  to the  FF&E,  and any  other
                           expenditures  permitted by any Annual Operating Plan;
                           and

                  (iii)    Any other  taxes,  expenses  or fees  which  Owner is
                           obligated  to pay out of Gross  Revenues by contract,
                           as long as such  contract  has  been  brought  to the
                           attention of CCM and Owner has requested, in writing,
                           that CCM shall  provide  this service for the account
                           of Owner, or under law.

CCM's  responsibility  to make any of the  foregoing  payments is subject to and
conditioned  upon Owner making  available funds sufficient to make such payments
from Gross Revenue or otherwise in the order set forth above.

         7.5 In addition to the initial cash needs,  at least  fifteen (15) days
prior to the  Estimated  Opening Date,  Owner shall  provide the initial  Casino
Bankroll and shall maintain such amount  throughout the term of this  Agreement.
If the Casino Bankroll  required to be provided by Owner is not sufficient or is
depleted  as a result of losses,  Owner  shall fund the  Casino  Bankroll  in an
amount  sufficient  to carry on the  Casino's  operations  and in a manner which
complies with governmental requirements

         7.6 Owner and CCM shall cooperate fully with each other during the term
of this Agreement to facilitate the performance by CCM of CCM's  obligations and
responsibilities  set forth in this  Agreement  and to procure and  maintain all
permits.  Owner shall  provide CCM with all such  information  necessary  to the
performance  by CCM of  its  obligations  hereunder  as  may be  reasonably  and
specifically requested by CCM from time to time.

        7.7  CCM   acknowledges   that  BHC  has  the  right  to  terminate  the
lease/rental  contract  (entered  into  between  BHC and  Owner)  for the casino
premises in the Marriott Hotel Praha,  in case both of the following  conditions
apply:  (i) the average  rental  payment (which is calculated as a percentage of
the Casino's Gross Revenue) equals less than  twenty-five  Deutsche Mark (DM 25)
per square meter per month during any twelve months period,  beginning after the
second  anniversary of the Opening Date, and (ii) the Annual  Operating Plan and
Budget for the next  (after a twelve  month  period as defined  under (i) above)
twelve  months  period  fails  to  show a  trend  towards  achieving  such DM 25
benchmark.  Should  both  conditions  apply  and  BHC  elect  to  terminate  the
lease/rental  contract,  the  Owner  shall  have  the  right to  terminate  this
Agreement.  This DM 25  benchmark is subject to  indexation  applying the German
Consumer Price Index.

         7.8 Owner shall further have the right to terminate this Agreement,  in
case more than one of the members of CCM's Prague Project Committee of the Board
of Directors loses or be removed from the management and control of CCM.
 

                                     - 8 -
<PAGE>

                             VIII. INSURANCE, DAMAGE
                                                        
         8.1  Owner  and  CCM  shall  procure  all  insurance  coverages  deemed
necessary and adequate, subject in each case to reasonable deductible amounts as
determined  by Owner and CCM. The premiums  for all  insurance  obtained and the
uninsured portion of any loss to which such insurance relates shall be Operating
Expenses.

         8.2 In the event of a Minor  Casualty,  CCM shall  repair any damage or
destruction at Owner's sole cost and expense.  In the event of a Major Casualty,
Owner  shall have the option,  to repair and  restore  the damaged or  destroyed
premises.
                                                        
                                                        
                                IX. MISCELLANEOUS

         9.1 All notices,  demands,  consents,  requests,  approvals,  and other
communications  required or permitted hereunder shall be in writing and shall be
deemed effective only upon delivery  (whether receipt is accepted or refused) at
the addresses  set forth below (or at such other  addresses as shall be given in
writing by any party to the others in accordance with this section). Notices may
be delivered by hand, registered or certified mail, return receipt requested, or
bonded private courier service.

         If to Owner:               Casino Millennium a.s.   
                                    Na Vaclavce 14         
                                    110 00 Praha 1     
                                    Att.: Vorsitzender des Vorstands 
                                    Gernot Leuthmetzer      

         with a copy to:            B. H. Centrum a.s.   
                                    Hybernska 7             
                                    110 00 Praha 1          

         If to CCM:                 Erwin Haitzmann         
                                    200 - 220 East Bennett Avenue  
                                    Cripple Creek, CO. 80813, USA 

         with a copy to:            Schellmann & Partner       
                                    Lerchengasse 2              
                                    2340 Modling, Austria    

         9.2 This Agreement shall be governed by the laws of the Czech Republic.
The forum for any  actions  between  Owner and CCM will be a court of  competent
jurisdiction in Prague.

         9.3 This  Agreement  shall be binding  upon and inure to the benefit of
the parties hereto and their  respective  successors  and permitted  assigns but
will not be  assignable  or  delegable  by any party  without the prior  written
consent of the other party; provided, however, that nothing in this Agreement is
intended  to  limit  CCM's   ability  to  assign  its  rights  or  delegate  its
responsibilities  under this Agreement to any directly or indirectly  controlled
Affiliate of Century Casinos, Inc.

         9.4 If any  provision  herein shall be held  invalid or  unenforceable,
such  provision  shall not affect the  validity or  enforceability  of any other
provisions  hereof, all of which other provisions shall, in such case, remain in
full force and effect.

         9.5 This Agreement  constitutes the entire understanding of the parties
with  respect to the  subject  matter  hereof and  supersedes  all other oral or
written  agreements  between the  parties.  This  Agreement  may not be amended,
modified, altered or waived, in whole or in part, except by a subsequent writing
signed by each of the parties hereto.


                                     - 9 -
<PAGE>

         9.6 Except as otherwise  set forth  elsewhere in this  Agreement,  both
parties shall maintain  confidentiality  with respect to any developments in the
course of the development and operation of the Casino. Except as required by any
general law (including,  without  limitation,  federal  securities  exchange and
stock  exchange  or  NASD   requirements)  and  casino   authorities,   material
confidential  information  shall  only be made  available  to such of a  party's
employees  and  consultants  as are required to have access to the same in order
for the recipient party to adequately use such  information for the purposes for
which it was furnished.  Any person to whom such  information is disclosed shall
be informed of its  confidential  nature and shall agree to keep it confidential
as  provided  herein.  Information  provided  by one party to the other shall be
presumed  confidential  unless the information is (i) published or in the public
domain  other  than as a result of any  action by the  recipient  thereof,  (ii)
disclosed to the recipient by a third party, or (iii) presented to the recipient
under  circumstances  which clearly and directly  indicate the delivering  party
does not intend such information to be confidential.

       9.7  In the  event  of  litigation  or  arbitration  of  any  dispute  or
controversy  arising  from,  in,  under or  concerning  this  Agreement  and any
amendments hereof, including,  without limiting the generality of the foregoing,
any claimed breach hereof,  any suit for accounting,  or action for dissolution,
the prevailing party in such action or arbitration  shall be entitled to recover
from the other  party in such  action or  arbitration,  such sum as the court or
arbitrator shall fix as reasonable attorneys' fees and expenses incurred by such
prevailing party.

       9.8 No consent or waiver,  express or implied,  by any party to or of any
breach or  default  by any other  party in the  performance  by the other of its
obligations  hereunder shall be deemed or construed to be a consent or waiver to
or of any other breach or default in the  performance  by the other party of the
same or any other  obligations of such party  hereunder.  Failure on the part of
any party to  complain  of any act or  failure  to act of the other  party or to
declare  the other  party in  default,  irrespective  of how long  such  failure
continues,  shall  not  constitute  a  waiver  by any such  party of its  rights
hereunder.

         9.9 During the term of this Agreement,  so long as no events of default
by CCM have occurred, Owner shall grant CCM the first right of refusal on all of
its and/or its Affiliates' future gaming casino projects. Such right shall be on
terms substantially similar to those outlined in this Agreement.  CCM shall have
sixty (60) days upon receipt of notice from Owner to either  accept or reject an
offer to act as CCM of Owner's and/or Owner's  Affiliates'  future gaming casino
project(s).

         9.10 CCM, or any of its Affiliates,  shall not, during the term of this
Agreement,  manage or operate any other  casino in Prague  without the  previous
written consent of Owner and BHC.

         9.11 CCM has the right to remove itself from (terminate) this Agreement
in case it  reasonably  determines  that any casino  license  currently  held or
applied for by any company within the Century  Casinos group of companies  might
be threatened or put in jeopardy  because of this  Agreement.  In addition,  CCM
shall have the right to immediately  terminate this Agreement in case any of the
following conditions occur:

         The  composition  of  Owner's  members  of the board or  members of the
         supervisory board is changed without CCM's written consent;  Any of the
         shareholders of Owner sells, pledges or otherwise disposes of his (her)
         shares in Owner without CCM's written consent.

       9.12  Exhibit  A  ("Definitions")  shall  be an  integral  part  of  this
Agreement.


                                     - 10 -
<PAGE>

IN WITNESS  WHEREOF,  the parties  hereto have caused this  Agreement to be duly
executed as of the date and year first above written.


FOR CASINO MILLENNIUM a. s.




By:/s/ Alois Slezacek                         By:/s/ Michal Janeba
----------------------------                  --------------------------------
a duly authorized signatory                   a duly authorized signatory
Position:  Shareholder                        Position: Shareholder
Print name: Alois Slezacek                    Print name: Michal Janeba




By:/s/ Gernot Leuthmetzer                     By:/s/ Peter Hoetzinger
----------------------------                  --------------------------------
a duly authorized signatory                   a duly authorized signatory
Position: Member of the Board                 Position: Member of the Board
Print name: Gernot Leuthmetzer                Print name: Peter Hoetzinger



FOR CENTURY CASINOS MANAGEMENT, INC.




By:/s/ Erwin Haitzmann                        By:/s/ Peter Hoetzinger
----------------------------                  --------------------------------
a duly authorized signatory                   a duly authorized signatory
Position: Chairman                            Position: Vice Chairman
Print name: Erwin Haitzmann                   Print name: Peter Hoetzinger



B. H. CENTRUM a. s. for  paragraphs  1.3, 4.1 (i),  4.4, 5.1, 5.9, 7.7, 9.10 and
the first WHEREAS clause only:




By:/s/ Gernot Leuthmetzer                      By:/s/ Ludwig Steinbauer
----------------------------                  --------------------------------
a duly authorized signatory                    a duly authorized signatory
Position: Member of the Board                  Position: Member of the Board
Print name: Gernot Leuthmetzer                 Print name: Ludwig Steinbauer



                                      - 11 -


<PAGE>


                              DEFINITIONS EXHIBIT A
                                                   

Affiliate. The term "Affiliate" shall mean a Person that directly or indirectly,
or through one or more intermediaries,  controls,  is controlled by, or is under
common control with the person in question and any stockholder or partner of any
person referred to in the preceding  clause owning more than fifty percent (50%)
or more of such person.

Casino. The term "Casino" means the casino facility,  including improvements and
fixtures, at the Praha Marriott Hotel, consistent with the concepts set forth in
the development plan and in accordance with the plans and specifications.

Casino  Bankroll.  The term  "Casino  Bankroll"  shall  mean an amount of monies
determined  by CCM as  necessary  to provide  cash-on-hand  monies  required  to
operate and maintain the Casino's  operation,  but in no event shall such amount
be less than the amount  required by law. In no event shall the Casino  Bankroll
include  amounts  necessary  to provide for the payment of  Operating  Expenses,
Working  Capital or initial cash needs.  The Casino  Bankroll  shall include the
funds in the  separate  accounts  in CCM's  name plus any funds  located  on the
casino tables, in the gambling devices,  cages, vault, counting rooms, or in any
other location in the Casino where funds may be found.

Default Rate. The term "Default Rate" shall mean the lesser of (i) the reference
or prime commercial lending rate in the Czech Republic,  plus three percent (3%)
per annum,  or (ii) the highest rate permitted by applicable  law, to the extent
applicable law  establishes a maximum rate of interest which may be charged with
respect to obligations of the type of questions, until paid.

Effective  Date.  The term  "Effective  Date" shall mean the date when Owner has
received Owner's Gaming License.

CCM's Prague Project Committee of the Board of Directors. The term "CCM's Prague
Project  Committee of the Board of Directors" shall mean Erwin Haitzmann,  Peter
Hoetzinger and Norbert Teufelberger.

FF&E.  The term "FF&E" shall mean all  furniture,  furnishings,  equipment,  and
fixtures,  including gaming equipment,  computers,  housekeeping and maintenance
equipment,  necessary or  appropriate  to operate the Casino in conformity  with
this Agreement.

Gross Revenue.  The term "Gross Revenue" shall mean all gaming receipts less all
sums paid out as  winnings  in  connection  therewith,  plus all  other  revenue
generated within the Casino, such as bar,  merchandise,  currency exchange,  and
similar.

Major  Casualty.  The term "Major  Casualty" shall mean any casualty or accident
which prevents or substantially impairs the conduct of the Casino's business and
the ability to earn or generate revenues.

Minor  Casualty.  The term "Minor  Casualty" shall mean any casualty or accident
other than a Major Casualty.

Opening Date. The term "Opening Date" shall mean the first date a revenue-paying
customer is admitted to the Casino.

Operating Expenses.  The term "Operating Expenses" shall mean those necessary or
reasonable operating expenses, including, without limitation, costs of operating
supplies, payroll and benefits, marketing,  administration,  maintenance, energy
and all costs and expenses of licensing CCM's or Owner's employees,  incurred on
behalf  of Owner  after the  Opening  Date in  connection  with  conducting  and
operating the Casino,  computed on an accrual basis,  deductible under Generally
Accepted Accounting Principles in determining  "Operating Income" (as defined in
casino industry practice) for purpose of preparing a statement of operations for
the Casino as well as taxes and other payments due any governmental authorities;
provided,   however,  Operating  Expenses  shall  not  include  depreciation  or
amortization  with respect to the Casino or the F, F&E,  debt service or capital
replacements deposits. Operating Expenses shall include the management fee under
this Agreement and the rent under the Lease Agreement between Owner and BHC.

Owner's  Gaming  License.  The term  "Owner's  Gaming  License " shall  mean the
license necessary to operate the Casino.

Working Capital.  The term "Working  Capital" shall mean such amount in the Bank
Accounts as will be sufficient to  reasonably  assure the timely  payment of all
current  liabilities of the Casino and the uninterrupted and efficient operation
of the Casino  during the term of this  Agreement  to permit CCM to perform  its
responsibilities  and  obligations   hereunder,   all  as  contemplated  by  the
applicable  Annual  Operating Plan with  reasonable  reserves for  unanticipated
contingencies  and for short term business  fluctuations  resulting from monthly
variations between the Annual Operating Plan and actual operating expenses.


                                     - 12 -