|   | **UNITED                STATES**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|   | **SECURITIES                AND EXCHANGE COMMISSION**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |
|   | **Washington,                D.C. 20549**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|   | **Form                10-Q**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |   |
|   | ___X___                QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES                EXCHANGE ACT OF 1934                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |
|   | For                the quarterly period ended September 30, 2007                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|   | OR                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
|   | _______                TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES                EXCHANGE ACT OF 1934                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |
|   | For                the transition period from ____________ to ___________                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |
|   | Commission                file number  0-22290                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
|   |   CENTURY                CASINOS, INC.(Exact                name of registrant as specified in its charter)                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |
|   | DELAWARE(State                or other jurisdiction of incorporation or organization)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 84-1271317(I.R.S.                Employer Identification No.) |   |
|   | 1263                Lake Plaza Drive Suite A, Colorado Springs, Colorado                80906(Address                of principal executive offices)(Zip                Code)                                                                                                                                                                                                                                                                                                                                                                                                    |   |
|   | (719)                527-8300(Registrant’s                telephone number, including area code)                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |   |
|   | Indicate                by check mark whether the registrant (1) has filed all reports required                to                be filed by Section 13 or 15(d) of the Securities Exchange Act of                1934                during the preceding 12 months (or for such shorter period that the                registrant was required to file such reports), and (2) has been subject                to                such filing requirements for the past 90                days.  Yes   _X_   No                ___  |   |
|   | Indicate                by check mark whether the registrant is a large accelerated filer,                an                accelerated filer, or a non-accelerated filer. See definition of                “accelerated filer and large accelerated filer” in Rule 12b-2 of the                Exchange Act.                      Large accelerated filer __  Accelerated filer                _X_   Non-accelerated filer __                                                                           |   |
|   | Indicate                by check mark whether the registrant is a shell company (as defined                in                Rule 12b-2 of the Exchange                Act).     Yes___  No _X_                                                                                                                                                                                                                                                                                                                                          |   |
|   | Indicate                the number of shares outstanding of each of the issuer’s classes of common                stock, as of the latest practical date:                                                                                                                                                                                                                                                                                                                                                                                                             |   |
|   | Common                stock, $0.01 par value per share, 23,657,067 shares outstanding as                of                November 8, 2007.                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |

----

**CENTURY      CASINOS, INC.**

**FORM      10-Q INDEX**

|                   |   |                                                                                                                                                                     | Page   |
|------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| PART                I  |   | FINANCIAL                INFORMATION                                                                                                                                     | Number |
|                   |   |                                                                                                                                                                     |   |
| Item                1. |   | Condensed                Consolidated Financial Statements (unaudited)                                                                                                   |   |
|                   |   | Condensed                Consolidated Balance Sheets as ofSeptember                30, 2007 and December 31, 2006                                                        | 3      |
|                   |   | Condensed                Consolidated Statements of Earnings for the Three and Nine Months                Ended                September 30, 2007 and 2006               | 4      |
|                   |   | Condensed                Consolidated Statements of Comprehensive Earnings for the Three and                Nine                Months Ended September 30, 2007 and 2006 | 5      |
|                   |   | Condensed                Consolidated Statements of Cash Flows for the Nine Months Ended September                30, 2007 and 2006                                      | 6      |
|                   |   | Notes                to Condensed Consolidated Financial Statements                                                                                                      | 9      |
| Item                2. |   | Management’s                Discussion and Analysis of Financial Condition and Results of                Operations                                                | 17     |
| Item                3. |   | Quantitative                and Qualitative Disclosures About Market Risk                                                                                                | 43     |
| Item                4. |   | Controls                and Procedures                                                                                                                                   | 43     |
|                   |   |                                                                                                                                                                     |   |
| PART                II |   | OTHER                INFORMATION                                                                                                                                         |   |
|                   |   |                                                                                                                                                                     |   |
| Item                6. |   | Exhibits                                                                                                                                                                 | 44     |
|                   |   | SIGNATURES                                                                                                                                                               | 45     |

----

**CENTURY      CASINOS, INC. AND SUBSIDIARIES**

**CONDENSED        CONSOLIDATED BALANCE SHEETS (Unaudited) **

----

| *Amounts                in thousands, except for share information*                                                                                                                                                                                                                      |   | **September                30, 2007** |    |   | **December                31, 2006** |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------|---------|--------|--------------------------------------|--------|
| **ASSETS**                                                                                                                                                                                                                                                                               |   |                                  |    |   |                                 |   |
| **Current                Assets:**                                                                                                                                                                                                                                                       |   |                                  |    |   |                                 |   |
| Cash                and cash equivalents                                                                                                                                                                                                                                                 |   | $                                     | 18,184  |   |                                 | $      | 34,969 |   |
| Restricted                cash                                                                                                                                                                                                                                                           |   |                                  | 2,297   |   |                                 |   | 2,352 |   |
| Receivables,                net                                                                                                                                                                                                                                                          |   |                                  | 1,120   |   |                                 |   | 934 |   |
| Prepaid                expenses                                                                                                                                                                                                                                                          |   |                                  | 1,465   |   |                                 |   | 1,183 |   |
| Inventories                                                                                                                                                                                                                                                                              |   |                                  | 479     |   |                                 |   | 445 |   |
| Other                current assets                                                                                                                                                                                                                                                      |   |                                  | 473     |   |                                 |   | 1,091 |   |
| Deferred                income taxes – foreign                                                                                                                                                                                                                                     |   |                                  | 221     |   |                                 |   | 193 |   |
| Total                current assets                                                                                                                                                                                                                                                      |   |                                  | 24,239  |   |                                 |   | 41,167 |   |
|                                                                                                                                                                                                                                                                                     |   |                                  |    |   |                                 |   |   |   |
| **Property                and Equipment, net**                                                                                                                                                                                                                                           |   |                                  | 130,897 |   |                                 |   | 124,638 |   |
| **Goodwill**                                                                                                                                                                                                                                                                             |   |                                  | 12,997  |   |                                 |   | 12,262 |   |
| **Investment                in Unconsolidated Subsidiary**                                                                                                                                                                                                                               |   |                                  | 10,406  |   |                                 |   | - |   |
| **Casino                Licenses and Other Intangible Assets**                                                                                                                                                                                                                           |   |                                  | 10,364  |   |                                 |   | 9,341 |   |
| **Deferred                Income Taxes – domestic**                                                                                                                                                                                                                                |   |                                  | 2,307   |   |                                 |   | 1,763 |   |
| **                                         –                foreign** |   |                                  | 2,230   |   |                                 |   | 2,143 |   |
| **Note                Receivable (see Note 2)**                                                                                                                                                                                                                                          |   |                                  | -       |   |                                 |   | 5,170 |   |
| **Other                Assets**                                                                                                                                                                                                                                                          |   |                                  | 1,830   |   |                                 |   | 1,376 |   |
| **Total**                                                                                                                                                                                                                                                                                |   | $                                     | 195,270 |   |                                 | $      | 197,860 |   |

| **LIABILITIES                AND SHAREHOLDERS’ EQUITY**                                                                                                                                                                                             |   |   |    |   |   |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|
| **Current                Liabilities:**                                                                                                                                                                                                                   |   |   |    |   |   |   |
| Current                portion of long-term debt                                                                                                                                                                                                          |   | $      | 11,022  |   |   | $      | 20,669 |   |
| Accounts                payable and accrued liabilities                                                                                                                                                                                                   |   |   | 8,635   |   |   |   | 10,625 |   |
| Accrued                payroll                                                                                                                                                                                                                            |   |   | 2,447   |   |   |   | 2,172 |   |
| Taxes                payable                                                                                                                                                                                                                              |   |   | 2,555   |   |   |   | 2,509 |   |
| Deferred                income taxes – domestic                                                                                                                                                                                                     |   |   | 13      |   |   |   | 16 |   |
| Total                current liabilities                                                                                                                                                                                                                  |   |   | 24,672  |   |   |   | 35,991 |   |
|                                                                                                                                                                                                                                                      |   |   |    |   |   |   |   |   |
| **Long-Term                Debt, less current portion**                                                                                                                                                                                                   |   |   | 54,085  |   |   |   | 56,036 |   |
| **Other                Long-Term Accrued Liabilities**                                                                                                                                                                                                    |   |   | 1,545   |   |   |   | - |   |
| **Minority                Interest**                                                                                                                                                                                                                      |   |   | 5,636   |   |   |   | 5,406 |   |
|                                                                                                                                                                                                                                                      |   |   |    |   |   |   |   |   |
| **Commitments                and Contingencies**                                                                                                                                                                                                          |   |   |    |   |   |   |   |   |
|                                                                                                                                                                                                                                                      |   |   |    |   |   |   |   |   |
| **Shareholders’                Equity:**                                                                                                                                                                                                            |   |   |    |   |   |   |   |   |
|                                                                                                                                                                                                                                       |   |   |    |   |   |   |   |   |
|      Preferred                stock; $.01 par value; 20,000,000 shares authorized;  no shares                issued or outstanding                                                                                     |   |   | -       |   |   |   | - |   |
| Common                stock; $.01 par value;                50,000,000 shares authorized;23,568,443 and 23,168,443 shares issued,                respectively;   23,451,067                and 23,004,067 shares outstanding, respectively |   |   | 236     |   |   |   | 232 |   |
| Additional                paid-in                capital                                                                                                                                                                                                  |   |   | 70,299  |   |   |   | 69,779 |   |
| Accumulated                other                comprehensive earnings                                                                                                                                                                                    |   |   | 6,643   |   |   |   | 2,768 |   |
| Retained                earnings (see Note                7)                                                                                                                                                                                              |   |   | 32,419  |   |   |   | 28,020 |   |
|                                                                                                                                                                                                                                                      |   |   | 109,597 |   |   |   | 100,799 |   |
| Treasury                stock – 117,376 and 164,376 shares at cost, respectively                                                                                                                                                                    |   |   | (265    | )      |   |   | (372 | ) |
| Total                shareholders’ equity                                                                                                                                                                                                           |   |   | 109,332 |   |   |   | 100,427 |   |
| **Total**                                                                                                                                                                                                                                                 |   | $      | 195,270 |   |   | $      | 197,860 |   |

----

**CENTURY      CASINOS, INC. AND SUBSIDIARIES**

**CONDENSED        CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) **

----

|                                                                                                      |   | **For                  the three months****ended                  September 30,** |   |   | **For                  the nine months****ended                  September 30,** |   |
|-----------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------|--------|--------|----------------------------------------------------------------------------------|--------|
| *Amounts                in thousands, except for share information*                                       |   | **2007**                                                                          |   |   | **2006**                                                                         |   |   | **2007** |   |   | **2006** |   |
| **Operating                revenue:**                                                                     |   |                                                                              |   |   |                                                                             |   |   |   |   |   |   |   |
| Casino                                                                                                    |   | $                                                                                 | 23,163 |   |                                                                             | $      | 16,261 |   |   | $ | 64,541 |   |   | $ | 36,667 |   |
| Hotel,                food and beverage                                                                   |   |                                                                              | 3,479  |   |                                                                             |   | 1,627 |   |   |   | 9,325 |   |   |   | 3,981 |   |
| Other                                                                                                     |   |                                                                              | 550    |   |                                                                             |   | 298 |   |   |   | 1,489 |   |   |   | 758 |   |
| Gross                revenues                                                                             |   |                                                                              | 27,192 |   |                                                                             |   | 18,186 |   |   |   | 75,355 |   |   |   | 41,406 |   |
| Less                promotional allowances                                                                |   |                                                                              | 2,468  |   |                                                                             |   | 1,208 |   |   |   | 6,897 |   |   |   | 3,093 |   |
| Net                operating revenue                                                                      |   |                                                                              | 24,724 |   |                                                                             |   | 16,978 |   |   |   | 68,458 |   |   |   | 38,313 |   |
|                                                                                                      |   |                                                                              |   |   |                                                                             |   |   |   |   |   |   |   |   |   |   |   |
| **Operating                costs and expenses:**                                                          |   |                                                                              |   |   |                                                                             |   |   |   |   |   |   |   |   |   |   |   |
| Casino                                                                                                    |   |                                                                              | 9,222  |   |                                                                             |   | 6,705 |   |   |   | 25,790 |   |   |   | 14,368 |   |
| Hotel,                food and beverage                                                                   |   |                                                                              | 2,802  |   |                                                                             |   | 1,616 |   |   |   | 7,927 |   |   |   | 3,437 |   |
| General                and administrative                                                                 |   |                                                                              | 7,166  |   |                                                                             |   | 5,118 |   |   |   | 19,951 |   |   |   | 12,667 |   |
| Impairments                and other write-offs, net of recoveries                                        |   |                                                                              | 9      |   |                                                                             |   | (420 | ) |   |   | 34 |   |   |   | (405 | ) |
| Depreciation                                                                                              |   |                                                                              | 1,987  |   |                                                                             |   | 1,293 |   |   |   | 6,310 |   |   |   | 2,998 |   |
|                                                                                                      |   |                                                                              |   |   |                                                                             |   |   |   |   |   |   |   |   |   |   |   |
| Total                operating costs and expenses                                                         |   |                                                                              | 21,186 |   |                                                                             |   | 14,312 |   |   |   | 60,012 |   |   |   | 33,065 |   |
|                                                                                                      |   |                                                                              |   |   |                                                                             |   |   |   |   |   |   |   |   |   |   |   |
| **Earnings                from unconsolidated subsidiary**                                                |   |                                                                              | 37     |   |                                                                             |   | - |   |   |   | 91 |   |   |   | - |   |
| **Earnings                from operations**                                                               |   |                                                                              | 3,575  |   |                                                                             |   | 2,666 |   |   |   | 8,537 |   |   |   | 5,248 |   |
| **Non-operating                income (expense):**                                                        |   |                                                                              |   |   |                                                                             |   |   |   |   |   |   |   |   |   |   |   |
| Interest                income                                                                            |   |                                                                              | 85     |   |                                                                             |   | 156 |   |   |   | 802 |   |   |   | 595 |   |
| Interest                expense                                                                           |   |                                                                              | (1,649 | )      |                                                                             |   | (1,320 | ) |   |   | (5,280 | ) |   |   | (1,777 | ) |
| Other                (expense) income, net                                                                |   |                                                                              | (146   | )      |                                                                             |   | (19 | ) |   |   | 641 |   |   |   | 300 |   |
| Non-operating                (expense), net                                                               |   |                                                                              | (1,710 | )      |                                                                             |   | (1,183 | ) |   |   | (3,837 | ) |   |   | (882 | ) |
| **Earnings                before income taxes, minority interest and preferred                dividends** |   |                                                                              | 1,865  |   |                                                                             |   | 1,483 |   |   |   | 4,700 |   |   |   | 4,366 |   |
| Provision                (benefit) for income taxes                                                       |   |                                                                              | 27     |   |                                                                             |   | (67 | ) |   |   | 655 |   |   |   | 394 |   |
| **Earnings                before minority interest and preferred dividends**                              |   |                                                                              | 1,838  |   |                                                                             |   | 1,550 |   |   |   | 4,045 |   |   |   | 3,972 |   |
| Minority                interest in subsidiary losses, net                                                |   |                                                                              | 170    |   |                                                                             |   | 301 |   |   |   | 822 |   |   |   | 900 |   |
| Preferred                dividends issued by subsidiary                                                   |   |                                                                              | (59    | )      |                                                                             |   | - |   |   |   | (335 | ) |   |   | - |   |
| **Net                earnings**                                                                           |   | $                                                                                 | 1,949  |   |                                                                             | $      | 1,851 |   |   | $ | 4,532 |   |   | $ | 4,872 |   |
|                                                                                                      |   |                                                                              |   |   |                                                                             |   |   |   |   |   |   |   |   |   |   |   |
| **Earnings                per share:**                                                                    |   |                                                                              |   |   |                                                                             |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                                                                                     |   | $                                                                                 | 0.08   |   |                                                                             | $      | 0.08 |   |   | $ | 0.20 |   |   | $ | 0.21 |   |
| Diluted                                                                                                   |   | $                                                                                 | 0.08   |   |                                                                             | $      | 0.08 |   |   | $ | 0.19 |   |   | $ | 0.20 |   |

----

**CENTURY      CASINOS, INC. AND SUBSIDIARIES**

**CONDENSED        CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS (Unaudited) **

----

|                                                    |   | **For                the three months****ended                September 30,** |   |   | **For                the nine months****ended                September 30,** |   |
|---------------------------------------------------------|--------|-------------------------------------------------------------------------------|--------|--------|------------------------------------------------------------------------------|--------|
| *Amounts                in thousands*                   |   | **2007**                                                                      |   |   | **2006**                                                                     |   |   | **2007** |   |   | **2006** |   |
|                                                    |   |                                                                          |   |   |                                                                         |   |   |   |   |   |   |   |
| **Net                earnings**                         |   | $                                                                             | 1,949  |   |                                                                         | $      | 1,851 |   |   | $ | 4,532 |   |   | $ | 4,872 |   |
| Foreign                currency translation adjustments |   |                                                                          | 2,712  |   |                                                                         |   | (1,830 | ) |   |   | 3,875 |   |   |   | (2,239 | ) |
| **Comprehensive                earnings**               |   | $                                                                             | 4,661  |   |                                                                         | $      | 21 |   |   | $ | 8,407 |   |   | $ | 2,633 |   |

----

**CENTURY      CASINOS, INC. AND SUBSIDIARIES**

**CONDENSED        CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) **

----

|                                                                                                                                                       |   | **For                the nine months****ended                September 30,** |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------|--------|
|                                                                                                                                                       |   |                                                                         |   |   |   |   |
| *Amounts                in thousands*                                                                                                                      |   | **2007**                                                                     |   |   | **2006** |   |
|                                                                                                                                                       |   |                                                                         |   |   |   |   |
| **Cash                Flows from Operating Activities:**                                                                                                   |   |                                                                         |   |   |   |   |
| Net                earnings                                                                                                                                |   | $                                                                            | 4,532  |   |   | $ | 4,872 |   |
|                                                                                                                                                       |   |                                                                         |   |   |   |   |   |   |
| Adjustments                to reconcile net earnings to net cash provided by operating                activities:                                          |   |                                                                         |   |   |   |   |   |   |
| Depreciation                                                                                                                                               |   |                                                                         | 6,310  |   |   |   | 2,998 |   |
| Imputed                interest                                                                                                                            |   |                                                                         | 124    |   |   |   | - |   |
| Amortization                of share-based compensation                                                                                                    |   |                                                                         | 458    |   |   |   | 280 |   |
| Amortization                of deferred financing costs                                                                                                    |   |                                                                         | 352    |   |   |   | 104 |   |
| Deferred                tax expense                                                                                                                        |   |                                                                         | (505   | ) |   |   | (410 | ) |
| Minority                interest in subsidiary losses                                                                                                      |   |                                                                         | (822   | ) |   |   | (900 | ) |
| Earnings                from unconsolidated subsidiary                                                                                                     |   |                                                                         | (91    | ) |   |   | - |   |
| Other                                                                                                                                                      |   |                                                                         | 78     |   |   |   | 11 |   |
| Excess                tax benefits from stock-based payment arrangements                                                                                   |   |                                                                         | (62    | ) |   |   | (376 | ) |
| Changes                in operating assets and liabilities:                                                                                                |   |                                                                         |   |   |   |   |   |   |
| Receivables                                                                                                                                                |   |                                                                         | (136   | ) |   |   | (392 | ) |
| Prepaid                expenses and other assets                                                                                                           |   |                                                                         | (186   | ) |   |   | (5 | ) |
| Accounts                payable and accrued liabilities                                                                                                    |   |                                                                         | (2,807 | ) |   |   | (820 | ) |
| Accrued                payroll                                                                                                                             |   |                                                                         | 167    |   |   |   | 427 |   |
| Taxes                payable                                                                                                                               |   |                                                                         | 35     |   |   |   | (271 | ) |
|                                                                                                                                                       |   |                                                                         |   |   |   |   |   |   |
| Net                cash provided by operating activities                                                                                                   |   |                                                                         | 7,447  |   |   |   | 5,518 |   |
|                                                                                                                                                       |   |                                                                         |   |   |   |   |   |   |
|                                                                                                                                                       |   |                                                                         |   |   |   |   |   |   |
| **Cash                Flows from Investing Activities:**                                                                                                   |   |                                                                         |   |   |   |   |   |   |
| Purchases                of property and equipment                                                                                                         |   |                                                                         | (7,141 | ) |   |   | (41,943 | ) |
| Decrease                in restricted cash                                                                                                                 |   |                                                                         | 218    |   |   |   | - |   |
| Note                receivable                                                                                                                             |   |                                                                         | -      |   |   |   | (4,751 | ) |
| Deferred                income – Sale of Gauteng interest                                                                                            |   |                                                                         | -      |   |   |   | 5,399 |   |
| Acquisition                of remaining interest in Century Resorts Alberta, Inc.                                                                          |   |                                                                         | -      |   |   |   | (5,135 | ) |
| Cash                contribution of $0.7 million towards interest in Century Casino                Millennium, plus net cash acquired of $0.4 million |   |                                                                         | -      |   |   |   | (278 | ) |
| Cash                contribution of $6.7 million towards interest in Newcastle, less                net cash acquired of $1.6 million                 |   |                                                                         | -      |   |   |   | (5,122 | ) |
| Cash                contribution of $2.0 million towards interest in G5 Sp. z                o.o.                                                          |   |                                                                         | (2,016 | ) |   |   | - |   |
| Proceeds                from disposition of assets                                                                                                         |   |                                                                         | 17     |   |   |   | 88 |   |
|                                                                                                                                                       |   |                                                                         |   |   |   |   |   |   |
| Net                cash used in investing activities                                                                                                       |   |                                                                         | (8,922 | ) |   |   | (51,742 | ) |

----

**CENTURY      CASINOS, INC. AND SUBSIDIARIES**

**CONDENSED        CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) **

----

|                                                                     |   | **For                the nine months****ended                September 30,** |    |
|--------------------------------------------------------------------------|--------|------------------------------------------------------------------------------|---------|
| *Amounts                in thousands*                                    |   | **2007**                                                                     |    |   | **2006** |   |
| **Cash                Flows from Financing Activities:**                 |   |                                                                         |    |   |   |   |
| Proceeds                from borrowings                                  |   | $                                                                            | 19,047  |   |   | $ | 64,898 |   |
| Principal                repayments                                      |   |                                                                         | (34,321 | ) |   |   | (24,730 | ) |
| Excess                tax benefits from stock-based payment arrangements |   |                                                                         | 62      |   |   |   | 376 |   |
| Deferred                financing charges                                |   |                                                                         | (40     | ) |   |   | (51 | ) |
| Proceeds                from exercise of options                         |   |                                                                         | 106     |   |   |   | 450 |   |
| Other                                                                    |   |                                                                         | -       |   |   |   | (75 | ) |
|                                                                     |   |                                                                         |    |   |   |   |   |   |
| Net                cash (used in) provided by financing activities       |   |                                                                         | (15,146 | ) |   |   | 40,868 |   |
|                                                                     |   |                                                                         |    |   |   |   |   |   |
| **Effect                of Exchange Rate Changes on Cash**               |   |                                                                         | (164    | ) |   |   | 202 |   |
|                                                                     |   |                                                                         |    |   |   |   |   |   |
| **Decrease                in Cash and Cash Equivalents**                 |   |                                                                         | (16,785 | ) |   |   | (5,154 | ) |
|                                                                     |   |                                                                         |    |   |   |   |   |   |
| **Cash                and Cash Equivalents at Beginning of Period**      |   |                                                                         | 34,969  |   |   |   | 37,167 |   |
|                                                                     |   |                                                                         |    |   |   |   |   |   |
| **Cash                and Cash Equivalents at End of Period**            |   | $                                                                            | 18,184  |   |   | $ | 32,013 |   |

**Supplemental      Disclosure of Cash Flow Information:**

| *Amounts                in Thousands* |   | **For                the nine months****ended                September 30,** |   |
|---------------------------------------|--------|------------------------------------------------------------------------------|--------|
|                                  |   | **2007**                                                                     |   |   | **2006** |   |
| Interest                paid          |   | $                                                                            | 5,607  |   |   | $ | 2,631 |   |
| Income                taxes paid      |   | $                                                                            | 1,437  |   |   | $ | 662 |   |

**Supplemental      Disclosure of Non-cash Financing Activities:**

| *Amounts                in thousands*                   |   |   |   |
|---------------------------------------------------------|--------|--------|--------|
| Fair                value of minority interest acquired |   | $      | 1,818  |   |
| Goodwill                                                |   |   | 4,342  |   |
| Long-term                debt                           |   |   | (1,025 | ) |
| Cash                paid                                |   | $      | 5,135  |   |

----

| *Amounts                in thousands*                            |   |   |   |
|------------------------------------------------------------------|--------|--------|--------|
| Cash                                                             |   | $      | 402    |   |
| Restricted                cash                                   |   |   | 845    |   |
| Accounts                receivable                               |   |   | 153    |   |
| Property                and equipment, net                       |   |   | 594    |   |
| Goodwill                                                         |   |   | (345   | ) |
| Other                assets, including intercompany debt assumed |   |   | 196    |   |
| Accounts                payable and accrued liabilities          |   |   | (132   | ) |
| Accrued                payroll                                   |   |   | (9     | ) |
| Taxes                payable                                     |   |   | (343   | ) |
| Long-term                debt                                    |   |   | (681   | ) |
| Cash                paid                                         |   | $      | 680    |   |

| *Amounts                in thousands*                   |   |   |   |
|---------------------------------------------------------|--------|--------|--------|
| Cash                                                    |   | $      | 1,530  |   |
| Accounts                receivable                      |   |   | 35     |   |
| Prepaid                expenses                         |   |   | 91     |   |
| Inventory                                               |   |   | 74     |   |
| Property                and equipment, net              |   |   | 3,009  |   |
| Casino                licenses                          |   |   | 8,911  |   |
| Deferred                income taxes – foreign    |   |   | 1,314  |   |
| Accounts                payable and accrued liabilities |   |   | (801   | ) |
| Accrued                payroll                          |   |   | (183   | ) |
| Taxes                payable                            |   |   | (446   | ) |
| Long-term                debt                           |   |   | (1,965 | ) |
| Amount                credited to minority partner      |   |   | (4,917 | ) |
| Cash                paid                                |   | $      | 6,652  |   |

| *Amounts                in thousands*                              |   |   |   |
|--------------------------------------------------------------------|--------|--------|--------|
| Investment                in Casinos Poland Ltd.                   |   | $      | 9,029  |   |
| Accounts                payable and accrued liabilities            |   |   | (362   | ) |
| Long-term                debt, including intercompany debt assumed |   |   | (6,651 | ) |
| Cash                paid                                           |   | $      | 2,016  |   |

----

**CENTURY      CASINOS, INC. AND SUBSIDIARIES**

**NOTES        TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) **

----

**1.           DESCRIPTION      OF BUSINESS AND BASIS OF PRESENTATION**

**Presentation      of Foreign Currency Amounts -**

|                                    |   | **September                30, 2007** |    |   | **December                31, 2006** |   |    | **September                30, 2006** |   |
|-----------------------------------------|--------|---------------------------------------|---------|--------|--------------------------------------|--------|---------|---------------------------------------|--------|
| Canadian                Dollars (CAD)   |   |                                  | 0.9963  |   |                                 |   | 1.1653  |                                  |   |   | 1.1153 |   |
| Czech                Koruna (CZK)       |   |                                  | 19.3420 |   |                                 |   | 20.8500 |                                  |   |   | 22.3910 |   |
| Euros                (€)          |   |                                  | 0.7033  |   |                                 |   | 0.7578  |                                  |   |   | 0.7882 |   |
| Polish                Zloty (PLN)       |   |                                  | 2.6519  |   |                                 |   | 2.9016  |                                  |   |   | 3.1311 |   |
| South                African Rand (ZAR) |   |                                  | 6.8853  |   |                                 |   | 7.0496  |                                  |   |   | 7.7451 |   |

----

**2.           ACQUISITIONS**

*Century        Casino Newcastle:*

*G5      Sp. z o.o.:*

**3.                **
**EQUITY      INVESTMENT IN UNCONSOLIDATED SUBSIDIARY**

| *Amounts                in thousands*                   |   | **As                of**           |   |
|---------------------------------------------------------|--------|------------------------------------|--------|
|                                                    |   | **August                31, 2007** |   |
| **Balance                Sheet:**                       |   |                               |   |
|    Current                assets         |   | $                                  | 3,165  |   |
|    Noncurrent                assets      |   | $                                  | 20,655 |   |
|    Current                liabilities    |   | $                                  | 15,682 |   |
|    Noncurrent                liabilities |   | $                                  | 3,604  |   |

|                                                   |   | **For                the three****months****ended****August                31, 2007** |   |   | **March                12, 2007 through****August                31, 2007** |   |
|--------------------------------------------------------|--------|---------------------------------------------------------------------------------------|--------|--------|-----------------------------------------------------------------------------|--------|
| **Operating                Results:**                  |   |                                                                                  |   |   |                                                                        |   |
|    Net                operating revenue |   | $                                                                                     | 11,330 |   |                                                                        | $      | 25,462 |   |
|    Net                earnings          |   | $                                                                                     | 110    |   |                                                                        | $      | 274 |   |

----

**4.           SHAREHOLDERS’      EQUITY**

***Subsidiary        Preference Shares -***
** **

**5.           STOCK-BASED      COMPENSATION**

| Weighted-average                risk-free interest rate |   | 4.99%                   |
|---------------------------------------------------------|--------|-------------------------|
| Weighted-average                expected life           |   | 6.25                yrs |
| Weighted-average                expected volatility     |   | 47.5%                   |
| Weighted-average                expected dividends      |   | $                0      |

----

|                                                           |      | Weighted-                    |
|----------------------------------------------------------------|-----------|------------------------------|
|                                                           |      | Average                      |
|                                                           |      | Exercise                     |
|                                                           | Shares    | Price                        |
| Employee                Stock Options:                         |      |                         |
|  Outstanding                at January 1, 2007            | 1,368,710 | $  2.98            |
| Granted                                                        | 60,000    | 9.00                         |
| Exercised                                                      | (25,000)  | 1.63                         |
| Forfeited                                                      | (35,000)  | 6.32                         |
|  Outstanding                at September 30, 2007         | 1,368,710 | $                 3.19  |
|  Options                exercisable at September 30, 2007 | 789,226   | $  2.92            |
|  Intrinsic                Value of Options (in millions): |      |
| Outstanding                                                    |      | $    4.0 |
| Exercisable                                                    |      | $    2.5 |

----

**6.           PROMOTIONAL      ALLOWANCES**

|                                         |   | **For                the three months****ended                September 30,** |   |   | **For                the nine months****ended                September 30,** |   |
|----------------------------------------------|--------|-------------------------------------------------------------------------------|--------|--------|------------------------------------------------------------------------------|--------|
| *Amounts                in thousands*        |   | **2007**                                                                      |   |   | **2006**                                                                     |   |   | **2007** |   |   | **2006** |   |
| Food                & Beverage and Hotel |   | $                                                                             | 894    |   |                                                                         | $      | 558 |   |   | $ | 2,355 |   |   | $ | 1,129 |   |
| Free                Plays or Coupons         |   |                                                                          | 755    |   |                                                                         |   | 348 |   |   |   | 2,366 |   |   |   | 1,006 |   |
| Player                Points                 |   |                                                                          | 819    |   |                                                                         |   | 302 |   |   |   | 2,176 |   |   |   | 958 |   |
| Total                Promotional Allowances  |   | $                                                                             | 2,468  |   |                                                                         | $      | 1,208 |   |   | $ | 6,897 |   |   | $ | 3,093 |   |

**7.           INCOME      TAXES**

----

|                                              |   | **For                the three months****ended                September 30,** |   |   | **For                the nine months****ended                September 30,** |   |
|---------------------------------------------------|--------|-------------------------------------------------------------------------------|--------|--------|------------------------------------------------------------------------------|--------|
| *Amounts                in thousands*             |   | **2007**                                                                      |   |   | **2006**                                                                     |   |   | **2007** |   |   | **2006** |   |
| Provision                for federal income taxes |   | $                                                                             | (322   | )      |                                                                         | $      | (438 | ) |   | $ | (473 | ) |   | $ | (649 | ) |
| Provision                for state income taxes   |   |                                                                          | (8     | )      |                                                                         |   | (71 | ) |   |   | (28 | ) |   |   | (101 | ) |
| Provision                for foreign income taxes |   |                                                                          | 357    |   |                                                                         |   | 442 |   |   |   | 1,156 |   |   |   | 1,144 |   |
| Total                provision for income taxes   |   | $                                                                             | 27     |   |                                                                         | $      | (67 | ) |   | $ | 655 |   |   | $ | 394 |   |

|                                                       | **For                  the three months****ended                  September 30,** | **For                  the nine months****ended                  September 30,** |
|------------------------------------------------------------|-----------------------------------------------------------------------------------|----------------------------------------------------------------------------------|
|                                                       |                                                                              | **2007**                                                                         |   | **2006** |   | **2007** |   | **2006** |
| Federal                  income tax statutory rate         |                                                                              | 34.0%                                                                            |   | 34.0% |   | 34.0% |   | 34.0% |
| Foreign                  income taxes                      |                                                                              | (41.9%)                                                                          |   | (60.5%) |   | (45.5%) |   | (52.7%) |
| State                  income tax (net of federal benefit) |                                                                              | 0.0%                                                                             |   | (0.1%) |   | 1.3% |   | 0.9% |
| Losses                  assigned to minority partner       |                                                                              | 4.1%                                                                             |   | 10.2% |   | 8.3% |   | 9.8% |
| Permanent                  and other items                 |                                                                              | 5.2%                                                                             |   | 11.9% |   | 15.8% |   | 17.0% |
| Total                  provision for income taxes          |                                                                              | 1.4%                                                                             |   | (4.5%) |   | 13.9% |   | 9.0% |

----

**8.           EARNINGS      PER SHARE**

|   | Basic                and diluted earnings per share for the three and nine months ended                September 30, 2007 and 2006 were computed as                follows: |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| * Amounts                  in thousands,** except                  for share information*   |   | **For                  the three months****ended                  September 30,** |       |   | **For                  the nine months****ended                  September 30,** |   |
|-------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------|------------|--------|----------------------------------------------------------------------------------|--------|
|                                                                                                  |   | **2007**                                                                          |       |   | **2006**                                                                         |   |   | **2007** |   |   | **2006** |   |
| Basic                  Earnings Per Share:                                                            |   |                                                                              |       |   |                                                                             |   |   |   |   |   |   |   |
| Net                  earnings                                                                         |   | $                                                                                 | 1,949      |   |                                                                             | $      | 1,851 |   |   | $ | 4,532 |   |   | $ | 4,872 |   |
| Weighted                  average common shares                                                       |   |                                                                              | 23,051,067 |   |                                                                             |   | 22,980,567 |   |   |   | 23,043,351 |   |   |   | 22,705,842 |   |
| Basic                  earnings per share                                                             |   | $                                                                                 | 0.08       |   |                                                                             | $      | 0.08 |   |   | $ | 0.20 |   |   | $ | 0.21 |   |
|                                                                                                  |   |                                                                              |       |   |                                                                             |   |   |   |   |   |   |   |   |   |   |   |
| Diluted                  Earnings Per Share:                                                          |   |                                                                              |       |   |                                                                             |   |   |   |   |   |   |   |   |   |   |   |
| Net                  earnings                                                                         |   | $                                                                                 | 1,949      |   |                                                                             | $      | 1,851 |   |   | $ | 4,532 |   |   | $ | 4,872 |   |
| Weighted                  average common shares                                                       |   |                                                                              | 23,051,067 |   |                                                                             |   | 22,980,567 |   |   |   | 23,043,351 |   |   |   | 22,705,842 |   |
| Effect                  of dilutive securities using the treasury                  stock method: |   |                                                                              |       |   |                                                                             |   |   |   |   |   |   |   |   |   |   |   |
| Stock                  options and warrants                                                           |   |                                                                              | 782,431    |   |                                                                             |   | 967,290 |   |   |   | 861,510 |   |   |   | 1,200,070 |   |
| Dilutive                  potential common shares                                                     |   |                                                                              | 23,833,498 |   |                                                                             |   | 23,947,857 |   |   |   | 23,904,861 |   |   |   | 23,905,912 |   |
| Diluted                  earnings per share                                                           |   | $                                                                                 | 0.08       |   |                                                                             | $      | 0.08 |   |   | $ | 0.19 |   |   | $ | 0.20 |   |

|                                        | **For                  the three months****ended                  September 30,** | **For                  the nine months****ended                  September 30,** |
|---------------------------------------------|-----------------------------------------------------------------------------------|----------------------------------------------------------------------------------|
|                                        | **2007**                                                                          | **2006**                                                                         | **2007** | **2006** |
| Stock                  options and warrants | 85,000                                                                            | -                                                                                | 85,000 | 25,000 |
| Unvested                  restricted stock  | 400,000                                                                           | -                                                                                | 400,000 | - |

**9.           SEGMENT        INFORMATION**

|                                                          |   | Long-Lived                Assets* |    |   | Total                Assets     |   |
|---------------------------------------------------------------|--------|-----------------------------------|---------|--------|---------------------------------|--------|
| *Amounts                in thousands*                         |   | September                30,2007  |    |   | December                31,2006 |   |   | September                30,2007 |   |   | December                31,2006 |   |
| Cripple                Creek (Colorado, USA)                  |   | $                                 | 29,369  |   |                            | $      | 29,324 |   |   | $ | 31,904 |   |   | $ | 31,465 |   |
| Central                City (Colorado, USA)                   |   |                              | 42,679  |   |                            |   | 43,952 |   |   |   | 47,971 |   |   |   | 48,661 |   |
| Edmonton                (Alberta, Canada)                     |   |                              | 37,400  |   |                            |   | 31,927 |   |   |   | 44,965 |   |   |   | 39,305 |   |
| Caledon                (South Africa)                         |   |                              | 18,655  |   |                            |   | 17,188 |   |   |   | 21,268 |   |   |   | 19,134 |   |
| Newcastle                (South Africa)                       |   |                              | 23,244  |   |                            |   | 21,499 |   |   |   | 26,451 |   |   |   | 24,535 |   |
| Other                operating:                               |   |                              |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
|   Casino                Millennium (Czech Republic) |   |                              | 563     |   |                            |   | 496 |   |   |   | 2,306 |   |   |   | 2,166 |   |
|   Cruise                Ships (International)       |   |                              | 881     |   |                            |   | 1,032 |   |   |   | 1,649 |   |   |   | 1,839 |   |
| Corporate                                                     |   |                              | 1,467   |   |                            |   | 823 |   |   |   | 18,756 |   |   |   | 30,755 |   |
| **Total**                                                     |   | $                                 | 154,258 |   |                            | $      | 146,241 |   |   | $ | 195,270 |   |   | $ | 197,860 |   |

----

|                                                              | Net                    Operating Revenue                                      |
|-------------------------------------------------------------------|-------------------------------------------------------------------------------|
| *Amounts                    in thousands*                         | For                    the three monthsended                    September 30, | For                    the nine monthsended                    September 30, |
| 2007                                                              | 2006                                                                          | 2007 | 2006 |
| Cripple                    Creek (Colorado, USA)                  | $                                                                             | 5,011 | $ | 4,730 | $ | 13,510 | $ | 12,534 |
| Central                    City (Colorado, USA)                   |                                                                          | 5,954 |   | 4,688 |   | 15,529 |   | 4,688 |
| Edmonton                    (Alberta, Canada)                     |                                                                          | 4,930 |   | 1 |   | 13,562 |   | 3 |
| Caledon                    (South Africa)                         |                                                                          | 4,526 |   | 4,350 |   | 13,324 |   | 13,783 |
| Newcastle                    (South Africa)                       |                                                                          | 2,885 |   | 1,891 |   | 8,595 |   | 3,941 |
| Other                    operating:                               |                                                                          |   |   |   |   |   |   |   |
|   Casino                    Millennium (Czech Republic) |                                                                          | 719 |   | 561 |   | 1,862 |   | 956 |
|   Cruise                    Ships (International)       |                                                                          | 656 |   | 757 |   | 2,026 |   | 2,396 |
| Corporate                                                         |                                                                          | 43 |   | - |   | 50 |   | 12 |
| **Total**                                                         | $                                                                             | 24,724 | $ | 16,978 | $ | 68,458 | $ | 38,313 |

|                                                            | Net                  Earnings                                             |
|-----------------------------------------------------------------|---------------------------------------------------------------------------|
| *Amounts                  in thousands*                         | For                  the three monthsended                  September 30, | For                  the nine monthsended                  September 30, |
| 2007                                                            | 2006                                                                      | 2007 | 2006 |
| Cripple                  Creek (Colorado, USA)                  | $                                                                         | 908 | $ | 966 | $ | 2,255 | $ | 2,135 |
| Central                  City (Colorado, USA)                   |                                                                      | 312 |   | (405) |   | 307 |   | (655) |
| Edmonton                  (Alberta, Canada)                     |                                                                      | 534 |   | (199) |   | 1,138 |   | (263) |
| Caledon                  (South Africa)                         |                                                                      | 1,046 |   | 990 |   | 2,555 |   | 2,872 |
| Newcastle                  (South Africa)                       |                                                                      | 321 |   | 297 |   | 858 |   | 567 |
| Other                  operating:                               |                                                                      |   |   |   |   |   |   |   |
|   Casino                  Millennium (Czech Republic) |                                                                      | 119 |   | 22 |   | 166 |   | (9) |
|   Cruise                  Ships (International)       |                                                                      | (44) |   | 152 |   | (60) |   | 439 |
| Corporate                                                       |                                                                      | (1,247) |   | 28 |   | (2,687) |   | (214) |
| **Total**                                                       | $                                                                         | 1,949 | $ | 1,851 | $ | 4,532 | $ | 4,872 |

**10.        COMMITMENTS,        CONTINGENCIES AND OTHER MATTERS**

***Hermanus      Road Construction***
***–***

**11.         TRANSACTIONS          WITH RELATED PARTIES**

----

**Item      2.   MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION      AND **
**RESULTS      OF OPERATIONS**

**Forward-Looking      Statements, Business Environment and Risk Factors**

**OVERVIEW**

----

**CONSOLIDATED      RESULTS OF OPERATIONS**

|   | · | Our                new casinos in Central City, Colorado, Newcastle, South Africa and                Edmonton, Canada contributed $7.2 million towards the total increase                of                $7.7 million in net operating revenue and contributed $4.9 million                towards                the total increase of $6.9 million in net operating                expenses; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Corporate                expenses increased $1.2 million for the three months ended September                30,                2007 compared to the three months ended September 30, 2006, primarily                due                to a $0.5 million increase in payroll resulting from additional staffing                and the amortization of costs associated with restricted stock and                stock                options issued in July 2007 and $0.1 million in increased legal,                accounting and other professional fees expenses. In addition, for                the                three months ended September 30, 2006, the Company recovered approximately                $0.4 million of previously written off loans in conjunction with                the sale                of our interest in a casino project located in Gauteng, South Africa;                and |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Net                interest charges increased $0.4 million primarily due to the interest                charges on bank debt that funded the construction of the three new                casinos. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | · | Our                new casinos in Central City, Colorado, Newcastle, South Africa and                Edmonton, Canada contributed $29.1 million towards the total increase                of                $30.1 million in net operating revenue and contributed $22.9 million                towards the total increase of $26.9 million in net operating                expenses; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Corporate                expenses increased $2.5 million for the nine months ended September                30,                2007 as compared to the nine months ended September 30, 2006 primarily                because of $0.5 million in increased travel and communication expenses,                $0.7 million in increased professional fees which includes an arbitration                with one of our cruise ship based casinos, and $0.6 million in increased                payroll due to an increase in the number of corporate employees to                support                the Company’s growth and the amortization of costs associated with                restricted stock and stock options issued in July 2007. In addition,                for                the nine months ended September 30, 2006, the Company recovered                approximately $0.4 million of previously written off loans in conjunction                with the sale of our interest in a casino project located in Gauteng,                South Africa; and |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Net                interest charges increased $3.3 million primarily due to the interest                charges on bank debt that funded the construction of the three new                casinos. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**CRIPPLE      CREEK, COLORADO**

|                                                                                                                |   | **For                the three months****ended                September 30,** |      |   | **For                the nine months****ended                September 30,** |       |
|---------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------|-----------|--------|------------------------------------------------------------------------------|------------|
| *Amounts                in thousands*                                                                               |   | **2007**                                                                      |      |   | **2006**                                                                     |       |   | **2007** |   |   | **2006** |   |
| **Operating                Revenue**                                                                                |   |                                                                          |      |   |                                                                         |       |   |   |   |   |   |   |
|      Casino                                                                                |   | $                                                                             | 5,392     |   |                                                                         | $          | 5,126 |   |   | $ | 14,742 |   |   | $ | 13,768 |   |
|      Hotel,                food and beverage                                               |   |                                                                          | 444       |   |                                                                         |       | 400 |   |   |   | 1,104 |   |   |   | 1,043 |   |
|  Other                (net of promotional allowances)                                                          |   |                                                                          | (825      | )      |                                                                         |       | (796 | ) |   |   | (2,336 | ) |   |   | (2,277 | ) |
| Net                operating revenue                                                                                |   |                                                                          | 5,011     |   |                                                                         |       | 4,730 |   |   |   | 13,510 |   |   |   | 12,534 |   |
|                                                                                                                |   |                                                                          |      |   |                                                                         |       |   |   |   |   |   |   |   |   |   |   |
| **Operating                Costs and Expenses**                                                                     |   |                                                                          |      |   |                                                                         |       |   |   |   |   |   |   |   |   |   |   |
|      Casino                                                                                |   |                                                                          | 1,716     |   |                                                                         |       | 1,218 |   |   |   | 4,644 |   |   |   | 3,590 |   |
|      Hotel,                food and beverage                                               |   |                                                                          | 450       |   |                                                                         |       | 424 |   |   |   | 1,211 |   |   |   | 1,076 |   |
|      General                and administrative                                             |   |                                                                          | 1,013     |   |                                                                         |       | 1,021 |   |   |   | 2,851 |   |   |   | 2,921 |   |
|      Depreciation                                                                          |   |                                                                          | 399       |   |                                                                         |       | 399 |   |   |   | 1,183 |   |   |   | 1,211 |   |
|            Total                operating costs and expenses |   |                                                                          | 3,578     |   |                                                                         |       | 3,062 |   |   |   | 9,889 |   |   |   | 8,798 |   |
| **Earnings                from operations**                                                                         |   | ** **                                                                    | **1,433** |   |                                                                         | ** ** | **1,668** |   |   | ** ** | **3,621** |   |   | ** ** | **3,736** |   |
| Interest                income                                                                                      |   |                                                                          | 3         |   |                                                                         |       | 6 |   |   |   | 8 |   |   |   | 12 |   |
| Interest                (expense)                                                                                   |   |                                                                          | 28        |   |                                                                         |       | (103 | ) |   |   | 10 |   |   |   | (306 | ) |
| Other                (expense), net                                                                                 |   |                                                                          | -         |   |                                                                         |       | - |   |   |   | (1 | ) |   |   | - |   |
| **Earnings                before income taxes**                                                                     |   | ** **                                                                    | **1,464** |   |                                                                         | ** ** | **1,571** |   |   | ** ** | **3,638** |   |   | ** ** | **3,442** |   |
| Income                tax expense                                                                                   |   |                                                                          | 556       |   |                                                                         |       | 605 |   |   |   | 1,383 |   |   |   | 1,307 |   |
| **Net                Earnings**                                                                                     |   | **$**                                                                         | **908**   |   |                                                                         | **$**      | **966** |   |   | **$** | **2,255** |   |   | **$** | **2,135** |   |

**Casino      Market Data**

|                                                             |   | **For                the three months****ended                September 30,** |   |   | **For                the nine months****ended                September 30,** |   |
|------------------------------------------------------------------|--------|-------------------------------------------------------------------------------|--------|--------|------------------------------------------------------------------------------|--------|
|                                                             |   | **2007**                                                                      |   |   | **2006**                                                                     |   |   | **2007** |   |   | **2006** |   |
| Market                share of the Cripple Creek gaming revenue* |   |                                                                          | 12.5   | %      |                                                                         |   | 12.0 | % |   |   | 12.3 | % |   |   | 11.6 | % |
| Average                number of slot machines                   |   |                                                                          | 586    |   |                                                                         |   | 585 |   |   |   | 590 |   |   |   | 584 |   |
| Market                share of Cripple Creek gaming devices*     |   |                                                                          | 12.7   | %      |                                                                         |   | 12.4 | % |   |   | 12.7 | % |   |   | 12.3 | % |
| Average                slot machine win per day                  |   | $                                                                             | 101    |   |                                                                         | $      | 94 |   |   | $ | 90 |   |   | $ | 85 |   |
| Cripple                Creek average slot machine win per day*   |   | $                                                                             | 103    |   |                                                                         | $      | 96 |   |   | $ | 92 |   |   | $ | 89 |   |

**Source:      Colorado Division of Gaming*

----

**Three      months ended September 30, 2007 compared to 2006**

----

**Nine      months ended September 30, 2007 compared to 2006**

----

**CENTRAL      CITY, COLORADO**

|                                                                                                                |   | **For                the three months****ended                September 30,** |      |   | **For                the nine months****ended                September 30,** |       |
|---------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------|-----------|--------|------------------------------------------------------------------------------|------------|
| *Amounts                in thousands*                                                                               |   | **2007**                                                                      |      |   | **2006**                                                                     |       |   | **2007** |   |   | **2006** |   |
| **Operating                Revenue**                                                                                |   |                                                                          |      |   |                                                                         |       |   |   |   |   |   |   |
|      Casino                                                                                |   | $                                                                             | 6,312     |   |                                                                         | $          | 4,475 |   |   | $ | 16,898 |   |   | $ | 4,475 |   |
|      Hotel,                food and beverage                                               |   |                                                                          | 732       |   |                                                                         |       | 432 |   |   |   | 1,903 |   |   |   | 432 |   |
|  Other                (net of promotional allowances)                                                          |   |                                                                          | (1,090    | )      |                                                                         |       | (219 | ) |   |   | (3,272 | ) |   |   | (219 | ) |
| Net                operating revenue                                                                                |   |                                                                          | 5,954     |   |                                                                         |       | 4,688 |   |   |   | 15,529 |   |   |   | 4,688 |   |
|                                                                                                                |   |                                                                          |      |   |                                                                         |       |   |   |   |   |   |   |   |   |   |   |
| **Operating                Costs and Expenses**                                                                     |   |                                                                          |      |   |                                                                         |       |   |   |   |   |   |   |   |   |   |   |
|      Casino                                                                                |   |                                                                          | 2,441     |   |                                                                         |       | 2,425 |   |   |   | 6,530 |   |   |   | 2,468 |   |
|      Hotel,                food and beverage                                               |   |                                                                          | 597       |   |                                                                         |       | 661 |   |   |   | 1,709 |   |   |   | 661 |   |
|      General                and administrative                                             |   |                                                                          | 1,147     |   |                                                                         |       | 968 |   |   |   | 3,387 |   |   |   | 1,663 |   |
|      Depreciation                                                                          |   |                                                                          | 762       |   |                                                                         |       | 451 |   |   |   | 2,173 |   |   |   | 451 |   |
|            Total                operating costs and expenses |   |                                                                          | 4,947     |   |                                                                         |       | 4,505 |   |   |   | 13,799 |   |   |   | 5,243 |   |
| **Earnings                (loss) from operations**                                                                  |   | ** **                                                                    | **1,007** |   |                                                                         | ** ** | **183** |   |   | ** ** | **1,730** |   |   | ** ** | **(555** | **)** |
| Interest                income                                                                                      |   |                                                                          | 6         |   |                                                                         |       | - |   |   |   | 6 |   |   |   | - |   |
| Interest                (expense)                                                                                   |   |                                                                          | (734      | )      |                                                                         |       | (1,281 | ) |   |   | (2,389 | ) |   |   | (1,766 | ) |
| Other                (expense), net                                                                                 |   |                                                                          | -         |   |                                                                         |       | - |   |   |   | (1 | ) |   |   | - |   |
| **Earnings                (loss) before income taxes and minority interest**                                        |   | ** **                                                                    | **279**   |   |                                                                         | ** ** | **(1,098** | **)** |   | ** ** | **(654** | **)** |   | ** ** | **(2,321** | **)** |
| Income                tax expense (benefit)                                                                         |   |                                                                          | 191       |   |                                                                         |       | (247 | ) |   |   | 188 |   |   |   | (401 | ) |
| **Earnings                (loss) before minority interest**                                                         |   | ** **                                                                    | **88**    |   |                                                                         | ** ** | **(851** | **)** |   | ** ** | **(842** | **)** |   | ** ** | **(1,920** | **)** |
| Minority                Interest                                                                                    |   |                                                                          | (224      | )      |                                                                         |       | (446 | ) |   |   | (1,149 | ) |   |   | (1,265 | ) |
| **Net                earnings (loss)**                                                                              |   | **$**                                                                         | **312**   |   |                                                                         | **$**      | **(405** | **)** |   | **$** | **307** |   |   | **$** | **(655** | **)** |

**Casino      Market Data**

|                                                            |   | **For                the three months****ended                September 30,** |   |   | **For                the nine months****ended                September 30,** |
|-----------------------------------------------------------------|--------|-------------------------------------------------------------------------------|--------|--------|------------------------------------------------------------------------------|
|                                                            |   | **2007**                                                                      |   |   | **2006**                                                                     |   |   | **2007** |   | **2006** |
| Market                share of the Central City gaming revenue* |   |                                                                          | 28.5   | %      |                                                                         |   | 21.1 | % |   |   | 27.5 | % | N/A |
| Average                number of slot machines                  |   |                                                                          | 580    |   |                                                                         |   | 488 |   |   |   | 572 |   | N/A |
| Market                share of Central City gaming devices*     |   |                                                                          | 26.6   | %      |                                                                         |   | 22.3 | % |   |   | 26.2 | % | N/A |
| Average                slot machine win per day                 |   | $                                                                             | 115    |   |                                                                         | $ | 109 |   |   | $ | 105 |   | N/A |
| Central                City average slot machine win per day*   |   | $                                                                             | 107    |   |                                                                         | $ | 115 |   |   | $ | 100 |   | N/A |

**Source:      Colorado Division of Gaming*

----

**Three      months ended September 30, 2007 compared to September 30,      2006**

----

**Nine      months ended September 30, 2007 compared to 2006**

----

**EDMONTON,      CANADA**

|                                                                                                                  |   | **For                  the three months****ended                  September 30,** |   | **For                  the nine months****ended                  September 30,** |
|-----------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------|
| *Amounts                  in thousands*                                                                               |   | **2007**                                                                          |   | **2006**                                                                         |   | **2007** |   | **2006** |
| **Operating                  Revenue**                                                                                |   |                                                                              |   |                                                                             |   |   |   |   |
|      Casino                                                                                  | $      | 3,759                                                                             | $      | -                                                                                | $ | 10,309 | $ | - |
|      Hotel,                  food and beverage                                               |   | 1,066                                                                             |   | -                                                                                |   | 2,913 |   | - |
|  Other                  (net of promotional allowances)                                                          |   | 105                                                                               |   | 1                                                                                |   | 340 |   | 3 |
| Net                  operating revenue                                                                                |   | 4,930                                                                             |   | 1                                                                                |   | 13,562 |   | 3 |
|                                                                                                                  |   |                                                                              |   |                                                                             |   |   |   |   |
| **Operating                  Costs and Expenses**                                                                     |   |                                                                              |   |                                                                             |   |   |   |   |
|      Casino                                                                                  |   | 1,368                                                                             |   | 8                                                                                |   | 3,837 |   | 9 |
|      Hotel,                  food and beverage                                               |   | 905                                                                               |   | 27                                                                               |   | 2,660 |   | 32 |
|      General                  and administrative                                             |   | 1,139                                                                             |   | 129                                                                              |   | 3,397 |   | 234 |
|      Depreciation                                                                            |   | 347                                                                               |   | 6                                                                                |   | 954 |   | 14 |
|            Total                  operating costs and expenses |   | 3,759                                                                             |   | 170                                                                              |   | 10,848 |   | 289 |
| **Earnings                  (loss) from operations**                                                                  |   | **1,171**                                                                         |   | **(169)**                                                                        |   | **2,714** |   | **(286)** |
| Interest                  income                                                                                      |   | 13                                                                                |   | 4                                                                                |   | 57 |   | 16 |
| Interest                  (expense)                                                                                   |   | (373)                                                                             |   | (101)                                                                            |   | (1,031) |   | (110) |
| Other                  (expense), net                                                                                 |   | (11)                                                                              |   | (21)                                                                             |   | (16) |   | (9) |
| **Earnings                  (loss) before income taxes**                                                              |   | **800**                                                                           |   | **(287)**                                                                        |   | **1,724** |   | **(389)** |
| Income                  tax expense (benefit)                                                                         |   | 266                                                                               |   | (88)                                                                             |   | 586 |   | (126) |
| **Net                  earnings (loss)**                                                                              | **$**  | **534**                                                                           | **$**  | **(199)**                                                                        | **$** | **1,138** | **$** | **(263)** |

| **Average                exchange rate (CAD/USD)** |   | **1.04** |   | **1.12** |   | **1.10** |   | **1.13** |
|----------------------------------------------------|--------|----------|--------|----------|--------|----------|--------|----------|

----

|                                                                                                                |    | **For                the three months****ended                September 30,** |    | **For                the nine months****ended                September 30,** |
|---------------------------------------------------------------------------------------------------------------------|---------|-------------------------------------------------------------------------------|---------|------------------------------------------------------------------------------|
| *Amounts                in thousands*                                                                               |    | **2007**                                                                      |    | **2006**                                                                     |   | **2007** |   | **2006** |
| **Operating                Revenue**                                                                                |    |                                                                          |    |                                                                         |   |   |   |   |
|      Casino                                                                                | CAD     | 3,949                                                                         | CAD     | -                                                                            | CAD | 11,323 | CAD | - |
|      Hotel,                food and beverage                                               |    | 1,113                                                                         |    | -                                                                            |   | 3,209 |   | - |
|  Other                (net of promotional allowances)                                                          |    | 117                                                                           |    | -                                                                            |   | 381 |   | 3 |
| Net                operating revenue                                                                                |    | 5,179                                                                         |    | -                                                                            |   | 14,913 |   | 3 |
|                                                                                                                |    |                                                                          |    |                                                                         |   |   |   |   |
| **Operating                Costs and Expenses**                                                                     |    |                                                                          |    |                                                                         |   |   |   |   |
|      Casino                                                                                |    | 1,421                                                                         |    | 9                                                                            |   | 4,213 |   | 10 |
|      Hotel,                food and beverage                                               |    | 937                                                                           |    | 31                                                                           |   | 2,920 |   | 36 |
|      General                and administrative                                             |    | 1,226                                                                         |    | 144                                                                          |   | 3,764 |   | 262 |
|      Depreciation                                                                          |    | 362                                                                           |    | 7                                                                            |   | 1,050 |   | 16 |
|            Total                operating costs and expenses |    | 3,946                                                                         |    | 191                                                                          |   | 11,947 |   | 324 |
| **Earnings                (loss) from operations**                                                                  |    | **1,233**                                                                     |    | **(191)**                                                                    |   | **2,966** |   | **(321)** |
| Interest                income                                                                                      |    | 12                                                                            |    | 5                                                                            |   | 64 |   | 18 |
| Interest                (expense)                                                                                   |    | (443)                                                                         |    | (114)                                                                        |   | (1,180) |   | (123) |
| Other                income, net                                                                                    |    | 1                                                                             |    | -                                                                            |   | 3 |   | 1 |
| **Earnings                (loss) before income taxes**                                                              |    | **803**                                                                       |    | **(300)**                                                                    |   | **1,853** |   | **(425)** |
| Income                tax expense (benefit)                                                                         |    | 261                                                                           |    | (246)                                                                        |   | 622 |   | (140) |
| **Net                Earnings**                                                                                     | **CAD** | **542**                                                                       | **CAD** | **(54)**                                                                     | **CAD** | **1,231** | **CAD** | **(285)** |

----

**Three      months ended September 30, 2007 compared to 2006**

**Nine      months ended September 30, 2007 compared to 2006**

----

**CALEDON,      SOUTH AFRICA**

|                                                                                                                |   | **For                the three months****ended                September 30,** |   | **For                the nine months****ended                September 30,** |
|---------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------|
| *Amounts                in thousands*                                                                               |   | **2007**                                                                      |   | **2006**                                                                     |   | **2007** |   | **2006** |
| **Operating                Revenue**                                                                                |   |                                                                          |   |                                                                         |   |   |   |   |
|      Casino                                                                                | $      | 3,912                                                                         | $      | 3,728                                                                        | $ | 11,369 | $ | 11,732 |
|      Hotel,                food and beverage                                               |   | 810                                                                           |   | 676                                                                          |   | 2,342 |   | 2,182 |
|  Other                (net of promotional allowances)                                                          |   | (196)                                                                         |   | (54)                                                                         |   | (387) |   | (131) |
| Net                operating revenue                                                                                |   | 4,526                                                                         |   | 4,350                                                                        |   | 13,324 |   | 13,783 |
|                                                                                                                |   |                                                                          |   |                                                                         |   |   |   |   |
| **Operating                Costs and Expenses**                                                                     |   |                                                                          |   |                                                                         |   |   |   |   |
|      Casino                                                                                |   | 1,531                                                                         |   | 1,416                                                                        |   | 4,426 |   | 4,434 |
|      Hotel,                food and beverage                                               |   | 541                                                                           |   | 443                                                                          |   | 1,538 |   | 1,437 |
|      General                and administrative                                             |   | 508                                                                           |   | 696                                                                          |   | 1,707 |   | 2,277 |
|      Impairments                and other write-offs, net of recoveries               |   | -                                                                             |   | (26)                                                                         |   | 28 |   | (26) |
|      Depreciation                                                                          |   | 329                                                                           |   | 279                                                                          |   | 973 |   | 882 |
|            Total                operating costs and expenses |   | 2,909                                                                         |   | 2,808                                                                        |   | 8,672 |   | 9,004 |
| **Earnings                from operations**                                                                         |   | **1,617**                                                                     |   | **1,542**                                                                    |   | **4,652** |   | **4,779** |
| Interest                income                                                                                      |   | 21                                                                            |   | 5                                                                            |   | 83 |   | 13 |
| Interest                (expense)                                                                                   |   | (176)                                                                         |   | (182)                                                                        |   | (545) |   | (590) |
| Other                (expense) income, net                                                                          |   | (1)                                                                           |   | -                                                                            |   | 5 |   | (32) |
| **Earnings                before income taxes and preferred dividends**                                             |   | **1,461**                                                                     |   | **1,365**                                                                    |   | **4,195** |   | **4,170** |
| Income                tax expense                                                                                   |   | 356                                                                           |   | 375                                                                          |   | 1,305 |   | 1,298 |
| Preferred                dividends                                                                                  |   | (59)                                                                          |   | -                                                                            |   | (335) |   | - |
| **Net                earnings**                                                                                     | **$**  | **1,046**                                                                     | **$**  | **990**                                                                      | **$** | **2,555** | **$** | **2,872** |

| **Average                exchange rate (ZAR/USD)** |   | **7.11** |   | **7.18** |   | **7.15** |   | **6.57** |
|----------------------------------------------------|--------|----------|--------|----------|--------|----------|--------|----------|

----

|                                                                                                                |    | **For                the three months****ended                September 30,** |    | **For                the nine months****ended                September 30,** |
|---------------------------------------------------------------------------------------------------------------------|---------|-------------------------------------------------------------------------------|---------|------------------------------------------------------------------------------|
| *Amounts                in thousands*                                                                               |    | **2007**                                                                      |    | **2006**                                                                     |   | **2007** |   | **2006** |
| **Operating                Revenue**                                                                                |    |                                                                          |    |                                                                         |   |   |   |   |
|      Casino                                                                                | ZAR     | 27,805                                                                        | ZAR     | 26,773                                                                       | ZAR | 81,238 | ZAR | 77,041 |
|      Hotel,                food and beverage                                               |    | 5,753                                                                         |    | 4,873                                                                        |   | 16,739 |   | 14,337 |
|  Other                (net of promotional allowances)                                                          |    | (1,039)                                                                       |    | (382)                                                                        |   | (2,764) |   | (875) |
| Net                operating revenue                                                                                |    | 32,519                                                                        |    | 31,264                                                                       |   | 95,213 |   | 90,503 |
|                                                                                                                |    |                                                                          |    |                                                                         |   |   |   |   |
| **Operating                Costs and Expenses**                                                                     |    |                                                                          |    |                                                                         |   |   |   |   |
|      Casino                                                                                |    | 10,881                                                                        |    | 10,174                                                                       |   | 31,619 |   | 29,189 |
|      Hotel,                food and beverage                                               |    | 3,845                                                                         |    | 3,144                                                                        |   | 10,994 |   | 9,368 |
|      General                and administrative                                             |    | 3,441                                                                         |    | 5,010                                                                        |   | 12,219 |   | 14,994 |
|      Impairments                and other write-offs, net of recoveries               |    | -                                                                             |    | (214)                                                                        |   | 200 |   | (214) |
|      Depreciation                                                                          |    | 2,338                                                                         |    | 2,010                                                                        |   | 6,950 |   | 5,779 |
|            Total                operating costs and expenses |    | 20,505                                                                        |    | 20,124                                                                       |   | 61,982 |   | 59,116 |
| **Earnings                from operations**                                                                         |    | **12,014**                                                                    |    | **11,140**                                                                   |   | **33,231** |   | **31,387** |
| Interest                income                                                                                      |    | 147                                                                           |    | 40                                                                           |   | 594 |   | 90 |
| Interest                (expense)                                                                                   |    | (1,251)                                                                       |    | (1,309)                                                                      |   | (3,899) |   | (3,883) |
| Other                (expense) income, net                                                                          |    | (9)                                                                           |    | 2                                                                            |   | 36 |   | (208) |
| **Earnings                before income taxes and preferred dividends**                                             |    | **10,901**                                                                    |    | **9,873**                                                                    |   | **29,962** |   | **27,386** |
| Income                tax expense                                                                                   |    | 2,632                                                                         |    | 2,715                                                                        |   | 9,336 |   | 8,506 |
| Preferred                dividends                                                                                  |    | (419)                                                                         |    | -                                                                            |   | (2,419) |   | - |
| **Net                Earnings**                                                                                     | **ZAR** | **7,850**                                                                     | **ZAR** | **7,158**                                                                    | **ZAR** | **18,207** | **ZAR** | **18,880** |

**Casino      Market Data (in Rand)**

|                                                            | **For                the three months****ended                September 30,** | **For                the nine months****ended                September 30,** |
|-----------------------------------------------------------------|-------------------------------------------------------------------------------|------------------------------------------------------------------------------|
|                                                            | **2007**                                                                      | **2006**                                                                     | **2007** | **2006** |
| Market                share of the Western Cape gaming revenue* | 5.1%                                                                          | 5.7%                                                                         | 5.0% | 5.9% |
| Market                share of Western Cape gaming devices*     | 9.9%                                                                          | 12.4%                                                                        | 10.5% | 12.9% |
| Average                number of slot machines                  | 370                                                                           | 348                                                                          | 361 | 349 |
| Average                slot machine win per day                 | ZAR                770                                                        | ZAR                782                                                       | ZAR                720 | ZAR                754 |
| Average                number of tables                         | 6                                                                             | 6                                                                            | 6 | 7 |
| Average                table win per day                        | ZAR                2,901                                                      | ZAR                3,127                                                     | ZAR                3,131 | ZAR                2,783 |

**Source:      Western Cape Gambling and Racing Board*

----

**Three      months ended September 30, 2007 compared to 2006**

----

**Nine      months ended September 30, 2007 compared to 2006**

----

**NEWCASTLE,      SOUTH AFRICA**

|                                                                                                                |   | **For                the three months****ended                September 30,** |   | **For                the nine months****ended                September 30,** |
|---------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------|
| *Amounts                in thousands*                                                                               |   | **2007**                                                                      |   | **2006**                                                                     |   | **2007** |   | **2006*** |
| **Operating                Revenue**                                                                                |   |                                                                          |   |                                                                         |   |   |   |   |
|      Casino                                                                                | $      | 2,499                                                                         | $      | 1,719                                                                        | $ | 7,549 | $ | 3,579 |
|      Hotel,                food and beverage                                               |   | 383                                                                           |   | 113                                                                          |   | 1,007 |   | 311 |
|  Other                (net of promotional allowances)                                                          |   | 3                                                                             |   | 59                                                                           |   | 39 |   | 51 |
| Net                operating revenue                                                                                |   | 2,885                                                                         |   | 1,891                                                                        |   | 8,595 |   | 3,941 |
|                                                                                                                |   |                                                                          |   |                                                                         |   |   |   |   |
| **Operating                Costs and Expenses**                                                                     |   |                                                                          |   |                                                                         |   |   |   |   |
|      Casino                                                                                |   | 1,086                                                                         |   | 685                                                                          |   | 3,187 |   | 1,403 |
|      Hotel,                food and beverage                                               |   | 287                                                                           |   | 47                                                                           |   | 761 |   | 205 |
|      General                and administrative                                             |   | 828                                                                           |   | 552                                                                          |   | 1,976 |   | 1,040 |
|      Impairments                and other write-offs, net of recoveries               |   | (3)                                                                           |   | -                                                                            |   | 6 |   | - |
|      Depreciation                                                                          |   | 30                                                                            |   | 38                                                                           |   | 599 |   | 144 |
|            Total                operating costs and expenses |   | 2,228                                                                         |   | 1,322                                                                        |   | 6,529 |   | 2,792 |
| **Earnings                from operations**                                                                         |   | **657**                                                                       |   | **569**                                                                      |   | **2,066** |   | **1,149** |
| Interest                income                                                                                      |   | 5                                                                             |   | -                                                                            |   | 13 |   | - |
| Interest                (expense)                                                                                   |   | (183)                                                                         |   | -                                                                            |   | (552) |   | (8) |
| Other                (expense), net                                                                                 |   | (3)                                                                           |   | -                                                                            |   | (3) |   | - |
| **Earnings                before income taxes and minority interest**                                               |   | **476**                                                                       |   | **569**                                                                      |   | **1,524** |   | **1,141** |
| Income                tax expense                                                                                   |   | 148                                                                           |   | 183                                                                          |   | 469 |   | 356 |
| **Earnings                before minority interest**                                                                |   | **328**                                                                       |   | **386**                                                                      |   | **1,055** |   | **785** |
| Minority                Interest                                                                                    |   | 7                                                                             |   | 89                                                                           |   | 197 |   | 218 |
| **Net                Earnings**                                                                                     | **$**  | **321**                                                                       | **$**  | **297**                                                                      | **$** | **858** | **$** | **567** |

| **Average                exchange rate (ZAR/USD)** |   | **7.11** | **7.18** | **7.15** | **6.57** |
|----------------------------------------------------|--------|----------|----------|----------|----------|

----

|                                                                                                                |    | **For                the three months****ended                September 30,** |    | **For                the nine months****ended                September 30,** |
|---------------------------------------------------------------------------------------------------------------------|---------|-------------------------------------------------------------------------------|---------|------------------------------------------------------------------------------|
| *Amounts                in thousands*                                                                               |    | **2007**                                                                      |    | **2006**                                                                     |   | **2007** |   | **2006*** |
| **Operating                Revenue**                                                                                |    |                                                                          |    |                                                                         |   |   |   |   |
|      Casino                                                                                | ZAR     | 17,763                                                                        | ZAR     | 12,330                                                                       | ZAR | 53,939 | ZAR | 24,300 |
|      Hotel,                food and beverage                                               |    | 2,708                                                                         |    | 819                                                                          |   | 7,177 |   | 2,094 |
| Other                (net of promotional allowances)                                                                |    | 37                                                                            |    | 428                                                                          |   | 292 |   | 371 |
| Net                operating revenue                                                                                |    | 20,508                                                                        |    | 13,577                                                                       |   | 61,408 |   | 26,765 |
|                                                                                                                |    |                                                                          |    |                                                                         |   |   |   |   |
| **Operating                Costs and Expenses**                                                                     |    |                                                                          |    |                                                                         |   |   |   |   |
|      Casino                                                                                |    | 7,644                                                                         |    | 4,916                                                                        |   | 22,699 |   | 9,537 |
|      Hotel,                food and beverage                                               |    | 2,031                                                                         |    | 342                                                                          |   | 5,426 |   | 1,355 |
|      General                and administrative                                             |    | 5,334                                                                         |    | 3,990                                                                        |   | 14,184 |   | 7,085 |
|      Impairments                and other write-offs, net of recoveries               |    | (22)                                                                          |    | -                                                                            |   | 41 |   | - |
|      Depreciation                                                                          |    | 211                                                                           |    | 275                                                                          |   | 4,279 |   | 938 |
|            Total                operating costs and expenses |    | 15,198                                                                        |    | 9,523                                                                        |   | 46,629 |   | 18,915 |
| **Earnings                from operations**                                                                         |    | **5,310**                                                                     |    | **4,054**                                                                    |   | **14,779** |   | **7,850** |
| Interest                income                                                                                      |    | 35                                                                            |    | -                                                                            |   | 92 |   | - |
| Interest                (expense)                                                                                   |    | (1,299)                                                                       |    | -                                                                            |   | (3,952) |   | (61) |
| Other                (expense), net                                                                                 |    | (46)                                                                          |    | -                                                                            |   | (46) |   | - |
| **Earnings                before income taxes and minority interest**                                               |    | **4,000**                                                                     |    | **4,054**                                                                    |   | **10,873** |   | **7,789** |
| Income                tax expense                                                                                   |    | 1,235                                                                         |    | 1,316                                                                        |   | 3,353 |   | 2,447 |
| **Earnings                before minority interest**                                                                |    | **2,765**                                                                     |    | **2,738**                                                                    |   | **7,520** |   | **5,342** |
| Minority                Interest                                                                                    |    | 36                                                                            |    | 634                                                                          |   | 1,403 |   | 1,474 |
| **Net                Earnings**                                                                                     | **ZAR** | **2,729**                                                                     | **ZAR** | **2,104**                                                                    | **ZAR** | **6,117** | **ZAR** | **3,868** |

**Casino      Market Data (in Rand)**

|                                                             | **For                the three months****ended                September 30,** | **For                the nine months****ended                September 30,** |
|------------------------------------------------------------------|-------------------------------------------------------------------------------|------------------------------------------------------------------------------|
|                                                             | **2007**                                                                      | **2006**                                                                     | **2007** | **2006** |
| Market                share of the KwaZulu-Natal gaming revenue* | 3.4%                                                                          | 2.4%                                                                         | 3.5% | 2.5% |
| Market                share of KwaZulu-Natal gaming devices*     | 7.9%                                                                          | 6.3%                                                                         | 7.9% | 6.3% |
| Average                number of slot machines                   | 250                                                                           | 200                                                                          | 250 | 200 |
| Average                slot machine win per day                  | ZAR                715                                                        | ZAR                605                                                       | ZAR                717 | ZAR                589 |
| Average                number of tables                          | 7                                                                             | 7                                                                            | 7 | 7 |
| Average                table win per day                         | ZAR                2,042                                                      | ZAR                1,865                                                     | ZAR                2,626 | ZAR                2,154 |

**Source:      KwaZulu-Natal Gambling Board*

----

**Three      months ended September 30, 2007 compared to 2006**

**Nine      months ended September 30, 2007**

----

**ALL      OTHER OPERATING SEGMENTS**

|                                                                                                                 |   | **For                the three months****ended                September 30,** |   | **For                the nine months****ended                September 30,** |
|----------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------|
| *Amounts                in thousands*                                                                                |   | **2007**                                                                      |   | **2006**                                                                     |   | **2007** |   | **2006** |
| **Operating                Revenue**                                                                                 |   |                                                                          |   |                                                                         |   |   |   |   |
|      Casino                                                                                 | $      | 1,289                                                                         | $      | 1,213                                                                        | $ | 3,674 | $ | 3,113 |
|      Hotel,                food and beverage                                                |   | 44                                                                            |   | 6                                                                            |   | 56 |   | 13 |
|      Other                (net of promotional allowances)                                   |   | 42                                                                            |   | 99                                                                           |   | 158 |   | 226 |
| Net                operating revenue                                                                                 |   | 1,375                                                                         |   | 1,318                                                                        |   | 3,888 |   | 3,352 |
|                                                                                                                 |   |                                                                          |   |                                                                         |   |   |   |   |
| **Operating                Costs and Expenses**                                                                      |   |                                                                          |   |                                                                         |   |   |   |   |
|      Casino                                                                                 |   | 1,080                                                                         |   | 953                                                                          |   | 3,166 |   | 2,464 |
|      Hotel,                food and beverage                                                |   | 22                                                                            |   | 14                                                                           |   | 48 |   | 26 |
|      General                and administrative                                              |   | 87                                                                            |   | 71                                                                           |   | 274 |   | 130 |
|      Impairments                and other write-offs, net                of recoveries |   | 12                                                                            |   | -                                                                            |   | - |   | - |
|      Depreciation                                                                           |   | 55                                                                            |   | 97                                                                           |   | 257 |   | 246 |
|            Total                operating costs and expenses  |   | 1,256                                                                         |   | 1,135                                                                        |   | 3,745 |   | 2,866 |
| **Earnings                from operations**                                                                          |   | **119**                                                                       |   | **183**                                                                      |   | **143** |   | **486** |
| Interest                income                                                                                       |   | 7                                                                             |   | 4                                                                            |   | 16 |   | 7 |
| Interest                (expense)                                                                                    |   | -                                                                             |   | (9)                                                                          |   | - |   | (23) |
| Other                (expense) income, net                                                                           |   | (48)                                                                          |   | 1                                                                            |   | (51) |   | (26) |
| **Earnings                before income taxes**                                                                      |   | **78**                                                                        |   | **179**                                                                      |   | **108** |   | **444** |
| Income                tax  expense                                                                         |   | 3                                                                             |   | 5                                                                            |   | 2 |   | 14 |
| **Net                earnings**                                                                                      | **$**  | **75**                                                                        | **$**  | **174**                                                                      | **$** | **106** | **$** | **430** |

----

**Three      months ended September 30, 2007 compared to 2006**

**Nine      months ended September 30, 2007 compared to 2006**

----

----

**CORPORATE**

|                                                                                                                | **For                the three months****ended                September 30,** | **For                the nine months****ended                September 30,** |
|---------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------|------------------------------------------------------------------------------|
| *Amounts                in thousands*                                                                               | **2007**                                                                      | **2006**                                                                     | **2007** | **2006** |
| **Operating                Revenue**                                                                                |                                                                          |                                                                         |   |   |   |   |   |   |
| Other                                                                                                               | $                                                                             | 43                                                                           | $ | - | $ | 50 | $ | 12 |
| Net                operating revenue                                                                                |                                                                          | 43                                                                           |   | - |   | 50 |   | 12 |
|                                                                                                                |                                                                          |                                                                         |   |   |   |   |   |   |
| **Operating                Costs and Expenses**                                                                     |                                                                          |                                                                         |   |   |   |   |   |   |
| General                and administrative                                                                           |                                                                          | 2,444                                                                        |   | 1,681 |   | 6,359 |   | 4,402 |
| Impairments                and other write-offs, net of recoveries                                                  |                                                                          | -                                                                            |   | (394) |   | - |   | (379) |
| Depreciation                                                                                                        |                                                                          | 65                                                                           |   | 23 |   | 171 |   | 50 |
|            Total                operating costs and expenses |                                                                          | 2,509                                                                        |   | 1,310 |   | 6,530 |   | 4,073 |
| Earnings                from unconsolidated subsidiary                                                              |                                                                          | 37                                                                           |   | - |   | 91 |   | - |
| **Loss                from operations**                                                                             |                                                                          | **(2,429)**                                                                  |   | **(1,310)** |   | **(6,389)** |   | **(4,061)** |
| Interest                income                                                                                      |                                                                          | 30                                                                           |   | 137 |   | 619 |   | 547 |
| Interest                (expense), net                                                                              |                                                                          | (211)                                                                        |   | 356 |   | (773) |   | 1,026 |
| Other                (expense) income, net                                                                          |                                                                          | (83)                                                                         |   | 1 |   | 708 |   | 367 |
| **Loss                before income taxes and minority interest**                                                   |                                                                          | **(2,693)**                                                                  |   | **(816)** |   | **(5,835)** |   | **(2,121)** |
| Income                tax benefit                                                                                   |                                                                          | (1,493)                                                                      |   | (900) |   | (3,278) |   | (2,054) |
| Minority                interest                                                                                    |                                                                          | 47                                                                           |   | 56 |   | 130 |   | 147 |
| **Net                (loss) earnings**                                                                              | **$**                                                                         | **(1,247)**                                                                  | **$** | **28** | **$** | **(2,687)** | **$** | **(214)** |

**Three      months ended September 30, 2007 compared to 2006**

----

**Nine      months ended September 30, 2007 compared to 2006**

----

**LIQUIDITY      AND CAPITAL RESOURCES**

*Cash      Flows*

----

*Common        Stock Repurchase        Program*

*Sources        of Liquidity*

*Short-Term        Liquidity and Capital Requirements*

----

**Item      3.                      QUANTITATIVE      AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK**

**Item      4.                      CONTROLS      AND PROCEDURES**

***Evaluation      of Disclosure Controls and Procedures –***

***Changes      in Internal Control Over Financial Reporting –***

----

**PART      II - OTHER INFORMATION**

**Item      6. – Exhibits**

| 3.1  | Certificate                of Incorporation is hereby incorporated by reference to Century Casinos’                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 Century Casinos’ Quarterly Report on Form                10-Q for the quarterly period ended June 30, 2002.                                                                                                                         |
| 4.1  | Rights                Agreement, dated as of April 29, 1999, between the Company and the                American Securities Transfer & Trust, Inc., as Rights Agent, is hereby                incorporated by reference from Exhibit 1 to Century Casinos Form                8-A dated                May 7, 1999.                                                                                |
| 4.2  | First                Supplement to Rights Agreement dated April 2000, between Century                Casinos,                Inc. and American Securities Transfer & Trust, Inc., as Rights Agent,                is hereby incorporated by reference from Exhibit A to Century Casinos’                Proxy Statement for the 2000 Annual Meeting of                Stockholders.          |
| 4.3  | Second                Supplement to Rights Agreement dated July 2002, between Century Casinos,                Inc. and Computershare Investor Services, Inc. as Rights Agent, is                hereby                incorporated by reference from Exhibit 11.13 to Century Casinos’ 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.                                                                                                                                                                                                                                                                    |
| 31.4 | Certification                pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, Chief                Accounting 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.                                                                                                                                                                                                                                                                    |
| 32.4 | Certification                pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, Chief                Accounting Officer.                                                                                                                                                                                                                                                                       |

----

**SIGNATURES:**

----

| **Exhibit                No.** | **Document**                                                                                                                                                                                                                                                                                                                                                                                           |
|--------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1                            | Certificate                of Incorporation is hereby incorporated by reference to Century Casinos’                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 Century Casinos’ Quarterly Report on Form                10-Q for the quarterly period ended June 30, 2002.                                                                                                                         |
| 4.1                            | Rights                Agreement, dated as of April 29, 1999, between the Company and the                American Securities Transfer & Trust, Inc., as Rights Agent, is hereby                incorporated by reference from Exhibit 1 to Century Casinos Form                8-A dated                May 7, 1999.                                                                                |
| 4.2                            | First                Supplement to Rights Agreement dated April 2000, between Century                Casinos,                Inc. and American Securities Transfer & Trust, Inc., as Rights Agent,                is hereby incorporated by reference from Exhibit A to Century Casinos’                Proxy Statement for the 2000 Annual Meeting of                Stockholders.          |
| 4.3                            | Second                Supplement to Rights Agreement dated July 2002, between Century Casinos,                Inc. and Computershare Investor Services, Inc. as Rights Agent, is                hereby                incorporated by reference from Exhibit 11.13 to Century Casinos’ 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.                                                                                                                                                                                                                                                                    |
| 31.4                           | Certification                pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, Chief                Accounting 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.                                                                                                                                                                                                                                                                    |
| 32.4                           | Certification                pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, Chief                Accounting Officer.                                                                                                                                                                                                                                                                       |