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

___X___ QUARTERLY  REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
        EXCHANGE  ACT  OF  1934  FOR  THE  QUARTERLY  PERIOD
        ENDED  SEPTEMBER 30, 1999.
_______ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
        EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD
FROM ____________  TO ___________
 .

            Commission  file  number      0-22290
                                          --------

                              CENTURY CASINOS, INC.
                              ---------------------
             (Exact name of registrant as specified in its charter)

             DELAWARE                             84-1271317
             --------                             ----------
       (State  of  incorporation)            (IRS Employer  ID  No.)

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

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


Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject  to  such  filing  requirements  for  the  past 90 days. Yes  X  No
                                                                    -----  -----
Number of shares of common stock, $.01 par value, outstanding as of
 November 5, 1999:                 14,573,985


                                       1
<PAGE>

                              CENTURY CASINOS, INC.
                                   FORM 10-QSB
                                      INDEX


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

Item  1.    Financial  Statements  (unaudited)
            Consolidated Balance Sheet as of September 30, 1999           3
            Consolidated Statements of Operations for the Three           4
            Months Ended September 30, 1999 and 1998
            Consolidated Statements of Operations for the Nine            5
            Months Ended September 30, 1999 and 1998
            Consolidated Statements of Comprehensive Income for           6
            the Three and Nine Months Ended September 30, 1999
            and 1998
            Consolidated Condensed Statements  of Cash Flows for          7
            the Nine Months Ended September 30, 1999 and 1998
            Notes to Consolidated Financial Statements                    8
Item 2.     Management's Discussion and Analysis                         12

PART II     OTHER INFORMATION                                            16

            SIGNATURES                                                   17

                                       2
<PAGE>

CENTURY  CASINOS,  INC.  AND  SUBSIDIARIES
CONSOLIDATED  BALANCE  SHEET  (UNAUDITED)
-----------------------------------------

                                                             September 30, 1999
                                                             ------------------
ASSETS

CURRENT  ASSETS:
  Cash and cash equivalents                                 $        3,341,776
  Prepaid expenses and other                                         1,323,493
                                                            -------------------
    Total current assets                                             4,665,269

PROPERTY AND EQUIPMENT, NET                                         19,196,494

GOODWILL, NET                                                       10,251,002

OTHER ASSETS                                                           622,134
                                                            -------------------
TOTAL                                                       $       34,734,899
                                                             ==================

LIABILITIES  AND  SHAREHOLDERS'  EQUITY

CURRENT  LIABILITIES:
  Current portion of long-term debt                         $          183,165
  Accounts payable and accrued expenses                              3,053,062
                                                            -------------------
    Total current liabilities                                        3,236,227

LONG-TERM DEBT, LESS CURRENT PORTION                                10,565,472

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;
   15,861,885 shares issued; 14,588,785 shares outstanding             158,619
  Additional paid-in capital                                        23,329,189
  Accumulated other comprehensive
   loss - foreign currency translation                                 (41,226)
  Accumulated deficit                                               (1,164,709)
                                                            -------------------
                                                                    22,281,873
  Treasury stock - 1,273,100 shares, at cost                        (1,348,673)
                                                            -------------------
   Total shareholders' equity                                       20,933,200
                                                            -------------------
TOTAL                                                       $       34,734,899
                                                            ===================

See  notes  to  consolidated  financial  statements.

                                       3
<PAGE>

CENTURY  CASINOS,  INC.  AND  SUBSIDIARIES
CONSOLIDATED  STATEMENTS  OF  OPERATIONS  (UNAUDITED)
------------------------------------------------------------------------------

                                      For the Three Months Ended September 30,
                                      ----------------------------------------
                                                     1999              1998
                                                     ----              ----

OPERATING  REVENUE:
  Casino                                      $  6,435,965       $  5,192,797
  Food and beverage                                281,116            265,117
  Hotel                                             54,967             14,314
  Other                                            111,190             56,758
                                              -------------      ------------
                                                 6,883,238          5,528,986
  Less promotional allowances                     (178,515)          (172,609)
                                              -------------      ------------
    Net operating revenue                        6,704,723          5,356,377
                                              -------------      ------------

OPERATING  COSTS  AND  EXPENSES:
  Casino                                         2,221,757          2,125,148
  Food and beverage                                160,107            173,742
  Hotel                                             49,274              7,171
  General and administrative                     1,654,924          1,521,415
  Depreciation and amortization                    848,382            728,153
                                              -------------       -----------
    Total operating costs and expenses           4,934,444          4,555,629
                                              -------------       -----------

INCOME FROM OPERATIONS                           1,770,279            800,748
Other income, net                                  764,697            135,723
                                              -------------       -----------
INCOME BEFORE INCOME TAXES                       2,534,976            936,471
  Provision for income taxes                     1,079,000            391,000
                                              -------------       -----------
NET INCOME                                    $  1,455,976        $   545,471
                                              =============       ===========

EARNINGS  PER  SHARE:
  Basic                                       $       0.10        $      0.04
                                              =============       ===========
  Diluted                                     $       0.10        $      0.04
                                              =============       ===========

          See  notes  to  consolidated  financial  statements.

                                       4
<PAGE>

CENTURY  CASINOS,  INC.  AND  SUBSIDIARIES
CONSOLIDATED  STATEMENTS  OF  OPERATIONS  (UNAUDITED)
-----------------------------------------------------

                                      For the Nine Months Ended September 30,
                                      ---------------------------------------
                                                     1999             1998
                                                     ----              ----


OPERATING  REVENUE:
  Casino                                     $  16,934,831      $  14,246,694
  Food and beverage                                701,082            662,078
  Hotel                                            132,703             38,999
  Other                                            166,229            100,935
                                             --------------     -------------
                                                17,934,845         15,048,706
  Less promotional allowances                     (484,848)          (496,070)
                                             --------------     -------------
    Net operating revenue                       17,449,997         14,552,636
                                             --------------     -------------

OPERATING  COSTS  AND  EXPENSES:
  Casino                                         6,605,782          5,712,447
  Food and beverage                                397,755            328,276
  Hotel                                            152,589             21,184
  General and administrative                     4,610,933          4,193,544
  Depreciation and amortization                  2,447,448          2,245,398
                                             --------------     -------------

    Total operating costs and expenses          14,214,507         12,500,849
                                             --------------     -------------
INCOME FROM OPERATIONS                           3,235,490          2,051,787
  Other income (expense), net                      187,677             (3,905)
                                             --------------     -------------
INCOME BEFORE INCOME TAXES                       3,423,167          2,047,882
  Provision  for  income  taxes                  1,506,000             98,000
                                             --------------     -------------
NET  INCOME                                  $   1,917,167      $   1,949,882
                                             ==============     =============

EARNINGS  PER  SHARE:
  Basic                                      $        0.13      $        0.13
                                             =============      =============
  Diluted                                    $        0.13      $        0.13
                                             =============      =============

          See  notes  to  consolidated  financial  statements.

                                       5
<PAGE>

CENTURY  CASINOS,  INC.  AND  SUBSIDIARIES
CONSOLIDATED  STATEMENTS  OF  COMPREHENSIVE  INCOME  (UNAUDITED)
----------------------------------------------------------------

                                      For the Three Months Ended September 30,
                                      ----------------------------------------
                                               1999                1998
                                               ----                ----

NET INCOME                                  $   1,455,976      $   545,471
Foreign currency translation adjustments            3,882           28,616
                                            -------------      -----------
COMPREHENSIVE INCOME                        $   1,459,858      $   574,087
                                            =============      ===========


                                      For the Nine Months Ended September 30,
                                      ---------------------------------------
                                              1999                1998
                                              ----                ----

NET INCOME                                  $   1,917,167     $   1,949,882
Foreign currency translation adjustments          (25,918)           17,728
                                            -------------     -------------
COMPREHENSIVE INCOME                        $   1,891,249     $   1,967,610
                                            =============     =============

     See  notes  to  consolidated  financial  statements.

                                       6
<PAGE>

CENTURY  CASINOS,  INC.  AND  SUBSIDIARIES
CONSOLIDATED  CONDENSED  STATEMENTS  OF  CASH  FLOWS  (UNAUDITED)
-----------------------------------------------------------------

                                        For the Nine Months Ended September 30,
                                        ---------------------------------------
                                                    1999                1998
                                                    ----                ----


Cash provided by operating activities           $  3,346,457       $  3,804,414
                                                -------------       -----------
Cash provided by (used in) investing activities     233,024          (4,787,566)
                                                -------------       -----------
Cash provided by (used in) financing activities   (2,413,309)           178,021
                                                -------------       -----------
Increase  (decrease)  in  cash  and
  cash  equivalents                                1,166,172           (805,131)
Cash and cash equivalents at beginning of period   2,175,604          4,227,978
                                                -------------       -----------
Cash and cash equivalents at end of period      $  3,341,776       $  3,422,847
                                                =============       ===========

SUPPLEMENTAL  DISCLOSURE  OF  CASH  FLOW  INFORMATION:
 Interest paid by the Company was $695,860 and $729,901 for the nine months
  ended September  30,  1999  and  1998.
 Income  taxes paid by the Company were $736,000 and $443,591 for the nine
  months  ended  September  30,  1999  and  1998.

          See  notes  to  consolidated  financial  statements.

                                       7
<PAGE>

ENTURY  CASINOS,  INC.  AND  SUBSIDIARIES
NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS  (UNAUDITED)
-----------------------------------------------------------

1.DESCRIPTION  OF  BUSINESS  AND  BASIS  OF  PRESENTATION
Century  Casinos,  Inc.  and  subsidiaries  (the  "Company")  own  and operate a
limited-stakes  gaming  casino in Cripple Creek, Colorado, manage a hotel casino
in  Prague,  Czech  Republic,  and  are  pursuing  a number of additional gaming
opportunities  internationally and in the United States.  Prior to July 1, 1996,
the Company's operations in Cripple Creek, Colorado, consisted of Legends Casino
("Legends"), which the Company acquired on March 31, 1994, through a merger with
Alpine  Gaming,  Inc. ("Alpine").  On July 1, 1996, the Company acquired the net
assets  of  Gold  Creek  Associates,  L.P. ("Gold Creek"), the owner of Womack's
Saloon  &  Gaming  Parlor ("Womacks"), which is immediately adjacent to Legends.
Following  the  Company's  acquisition  of  Womacks,  interior  renovations were
undertaken  on  both properties to facilitate the operation and marketing of the
combined  properties  as  one  casino  under  the  name  Womacks/Legends Casino.

The  accompanying  consolidated  financial  statements  and related  notes  have
been  prepared  in  accordance with generally accepted accounting principles for
interim  financial reporting and the instructions to Form 10-QSB and Item 310(b)
of  Regulation  S-B.  Accordingly,  certain information and footnote disclosures
normally  included in financial statements prepared in accordance with generally
accepted accounting principles have been condensed or omitted. In the opinion of
management,  all  adjustments  (consisting  of  only  normal recurring accruals)
considered  necessary  for  fair  presentation of financial position, results of
operations  and  cash  flows  have  been  included. These consolidated financial
statements should be read in conjunction with the financial statements and notes
thereto  included  in  the  Company's  Annual Report on Form 10-KSB for the Year
Ended  December  31,  1998.

2.  INCOME  TAXES
The  income tax provisions  for the  three and  nine months  ended September 30,
1999,  and for the three months ended September 30, 1998, are based on estimated
full-year  income  for  financial  reporting  purposes  adjusted  for  permanent
book-tax  differences,  comprising primarily nondeductible goodwill amortization
resulting  from the Alpine acquisition.  The income tax provision of $98,000 for
the nine months ended September 30, 1998, consists of (a) a nonrecurring benefit
of  $815,000  resulting  from the reversal of the valuation allowance previously
provided  against  the Company's net deferred tax assets; and (b) a provision of
$913,000,  based  on estimated full-year income for financial reporting purposes
adjusted  for  nondeductible  goodwill  amortization.

                                       8
<PAGE>

3.   EARNINGS  PER  SHARE
Basic  and  diluted earnings per share for the three months ended September
30,  1999  and  1998  were  computed  as  follows:

                                        For the Three Months Ended September 30,
                                        ----------------------------------------
                                                1999                     1998
                                                ----                     ----


Basic  Earnings  Per  Share:
 Net income                               $  1,455,976             $    545,171
                                           ===========             ============
 Weighted average common shares             14,649,752               15,187,135
                                           ===========             ============
 Basic earnings per share                 $       0.10             $       0.04
                                           ===========             ============


Diluted  Earnings  Per  Share:
 Net income, as reported                  $  1,455,976             $    545,471
   Interest  expense,  net  of  income
   taxes,  on  convertible  debenture            8,321                    8,412
                                          ------------             ------------
Net income available to common
 Shareholders                             $  1,464,297             $    553,883
                                          ============             ============

 Weighted average common shares             14,649,752               15,187,135
  Effect  of  dilutive  securities:
     Convertible  debenture                    271,739                  271,739
     Stock options and warrants                174,748                   60,864
                                          ------------             ------------
 Dilutive potential common shares           15,096,239               15,519,738
                                          ============             ============
 Diluted earnings per share               $       0.10             $       0.04
                                          ============             ============
 Excluded  from  computation  of
  diluted  earnings  per  share
  due  to  antidilutive  effect:
    Options and warrants to purchase
    common shares                            3,774,928                5,607,281
    Weighted average exercise price       $       1.92             $       2.03


                                       9
<PAGE>

Basic  and  diluted  earnings  per share for the nine months ended September 30,
1999  and  1998  were  computed  as  follows:

                                         For the Nine Months Ended September 30,
                                         ---------------------------------------
                                                  1999                  1998
                                                  ----                  ----


Basic  Earnings  Per  Share:
  Net income                                $  1,917,167           $  1,949,882
                                            ============           ============
  Weighted average common shares              14,658,941             15,440,244
                                            ============           ============
  Basic earnings per share                  $       0.13           $       0.13
                                            ============           ============

Diluted  Earnings  Per  Share:
  Net income, as reported                   $  1,917,167           $  1,949,882
   Interest  expense,  net  of  income
   taxes,  on  convertible  debenture             24,962                 24,962
                                            ------------           ------------
  Net income available to common
  shareholders                              $  1,942,129              1,974,844
                                            ============           ============
  Weighted average common shares              14,658,941             15,440,244
   Effect  of  dilutive  securities:
     Convertible  debenture                      271,739                271,739
     Stock options and warrants                  172,406                 69,988
                                            ------------           ------------
Dilutive potential common shares              15,103,086             15,781,971
                                            ============           ============
Diluted earnings per share                  $       0.13           $       0.13
                                            ============           ============
Excluded  from  computation  of
  diluted  earnings  per  share
  due  to  antidilutive  effect:
    Options and warrants to
    purchase common shares                    3,774,928               5,678,709
    Weighted average exercise price         $      1.92          $         2.01

4.     PRAGUE,  CZECH  REPUBLIC
On  July 7, 1999, Casino Millennium a.s. opened its casino in the five-star
Marriott  Hotel  in Prague, Czech Republic.  The Company has a 20-year agreement
with  Casino  Millennium  to  provide  casino management services for 10% of the
casino's  gross  revenue.  The agreement required the Company to provide certain
gaming  equipment,  which the Company leases to Casino Millennium for 45% of the
casino's  net  profit.  Through  September  30,  1999,  the Company had expended
approximately  $1,140,000  for  the  purchase  of  the gaming equipment, with an
additional  $360,000  remaining  to  be  funded.


                                       10
<PAGE>

5.     NOTE  PAYABLE  TO  FOUNDING  SHAREHOLDER
In  April 1999, the terms of an unsecured note payable to a founding shareholder
were amended.  The previously existing principal balance of $420,360 and accrued
interest  of  approximately $60,000 were combined into a new principal amount of
$480,000.  The Company concurrently made a principal repayment of $100,000.  The
remaining  principal  of  $380,000 bears interest at 6%, payable quarterly.  The
noteholder,  at  his  option,  may  elect  to receive a portion of or all unpaid
principal by notifying the Company on or before April 1 of any year.  Payment of
the  principal amount so specified would be required by the Company on or before
January  1 of the following year.  The entire outstanding principal is otherwise
due  and  payable  on  April  1,  2004.

6.     OTHER  INCOME
In  July  1999,  the Company received a payment from Hollywood Park, Inc. in the
amount  of  $1,040,000,  which  was recognized as income in the third quarter of
1999.  The  payment  was  received in accordance with the terms of the Company's
sale  in  1995  of  its  interest in Pinnacle Gaming Development Corporation, an
applicant for an Indiana riverboat gaming license.  The payment was triggered by
Hollywood  Park's  formal  groundbreaking  on  the project.  Upon opening of the
project,  the Company is entitled to payments of $32,000 per month for the first
60  months  of  the  casino's operation; alternatively, the Company may elect to
receive  (or  Hollywood Park may elect to prepay) an aggregate discounted amount
of  $1,453,000  in lieu of the monthly installments.  While the Company believes
that  Hollywood  Park intends to complete the project, there can be no assurance
that  Hollywood  Park  will  do  so,  or,  if the project is completed, when the
additional payments will be earned and received by the Company; accordingly, any
future  payments  to  the  Company  will  be  recognized  as income when earned.
Opening  of  the  riverboat  casino  is  expected  in  the  second half of 2000.

7.     AGREEMENT  WITH  FORMER  OFFICER/DIRECTOR
In  October  1999,  in  connection with the termination of an officer/director's
employment,  the  Company  entered  into  a noncompete agreement with the former
officer/director  with a term through March 31, 2001 for consideration of twelve
monthly  payments  of  $14,000  beginning January 2000.  The area covered by the
noncompetition  agreement includes any geographical area in which the Company is
present.  The  Company  will reflect the future monthly payments as expense over
the  term  of  the  noncompetition  agreement.  The  agreement also provides for
limited  consulting  services  to  be  performed  by the former officer/director
during  2000.


                                       11
<PAGE>


ITEM  2.    MANAGEMENT'S  DISCUSSION  AND  ANALYSIS

FORWARD-LOOKING  STATEMENTS,  BUSINESS  ENVIRONMENT  AND  RISK  FACTORS

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

The  following  discussion  should  be  read  in  conjunction with the Company's
consolidated  financial  statements and related notes included elsewhere herein.
The  Company's  future  operating  results may be affected by various trends and
factors,  which  are  beyond  the Company's control.  These include, among other
factors,  the  competitive  environment  in  which  the  Company  operates,  the
Company's  present  dependence  upon  the Cripple Creek, Colorado gaming market,
changes  in the rates of gaming-specific taxes, shifting public attitudes toward
the  socioeconomic  costs  and benefits of gaming, actions of regulatory bodies,
dependence  upon  key  personnel,  the speculative nature of gaming projects the
Company  may  pursue,  risks  associated  with  expansion,  and  other uncertain
business  conditions  that  may  affect  the  Company's  business.
The  Company  cautions  the  reader that a number of important factors discussed
herein,  and in other reports filed with the Securities and Exchange Commission,
could  affect  the  Company's  actual results and cause actual results to differ
materially  from  those  discussed  in  forward-looking  statements.

RESULTS  OF  OPERATIONS

NINE  MONTHS  ENDED  SEPTEMBER  30,  1999  VS.  1998
----------------------------------------------------
Net operating revenue for the first nine months of 1999 was $17,449,997 compared
with  $14,552,636  for  the  same  period in 1998, an increase of 19.9%.  Casino
revenue  for  Womacks/Legends Casino, included in net operating revenue for such
periods,  increased  to  $16,934,831 in 1999 from $14,212,450 in 1998, or 19.2%.
The  increase  was due to continuing efforts to optimize all operational aspects
of  the  casino.   The  casino's share of the Cripple Creek market was 18.3% for
the  first  nine  months  of  1999  compared  with  16.6% a year earlier, as the
casino's  revenue  has  grown  at  a  faster rate than the Cripple Creek market.
Womacks/Legends  Casino operated 14.5% of the slot machines in the Cripple Creek
market  and achieved an average daily win per machine of $102 versus the Cripple
Creek average of $81. Gross margin for the Company's casino activities increased
slightly  to 61.0% from 59.9% a year earlier, due principally to improved casino
operating efficiencies, partially offset by an overall increase in gaming taxes.
During  the  first nine months of 1999, the increase in the effective gaming tax
rate,  compared to the first nine months of 1998, resulted from a higher revenue
base  in  1999,  the  graduated  gaming  tax rate structure, and a change in the
taxing  authority's  fiscal year which provided a one-time benefit in 1998.  The
overall  increase  in  taxes  during the current year was less than it otherwise
would have been as the Company began realizing the benefit of the reduced gaming
tax  rates  which  became  effective July 1, 1999, as discussed in the following
paragraph.


                                       12
<PAGE>

In  June 1999, the Colorado Limited Gaming Control Commission (the "Commission")
approved  changes  to  the  tax rates applicable to gross gaming revenue for the
fiscal year ending June 30, 2000. The new rate structure will  reduce the gaming
tax burden for casinos.  For the gaming tax fiscal year ended June 30, 1999, the
Company  incurred  gaming taxes of approximately $2,450,000.  Had the new gaming
tax  rates  been  in effect during the same period, gaming taxes would have been
approximately  $1,400,000.  The  Commission also rescinded the annual device fee
of  $75  per gaming machine, which the Company expects to result in a savings of
over  $40,000 on an annual basis.  The tax relief afforded by these changes will
enable  the Company, at its discretion, to make additional investments and other
improvements  to  Womacks/Legends  Casino that could contribute to improving the
infrastructure  of  the  market,  creating  new employment, solidifying existing
employment,  and  further strengthening Womacks/Legends Casino's position in the
Cripple  Creek  market.

Food and beverage revenue increased by 5.9% to $701,082 in the first nine months
of  1999.  The  increase  is  principally  due to improvement in operations that
started  to  take  effect  in  the second quarter of 1999.  The cost of food and
beverage promotional allowances, which is included in casino costs, decreased to
$627,160  compared  with $660,102 in the prior year as a result in a decrease in
the  level  of promotional allowances given to customers.  The increase in hotel
revenue  and  associated costs is a result of the casino's marketing arrangement
with  a  local hotel that commenced in late 1998 and continued through September
1999.

General  and administrative expense as a percentage of net operating revenue was
26.4%  for  the  first  nine  months  of 1999 compared with 28.8% in 1998.  This
decrease  was  mostly  due  to  lower  expenses for legal and professional fees,
parking  rent,  office  relocation  and  workers'  compensation  insurance.

Depreciation  expense  increased  to $1,441,320 in the first nine months of 1999
from  $1,239,270  in  1998,  primarily  due  to the addition of new machines and
ongoing  improvements  to Womacks/Legends Casino, while amortization of goodwill
remained  unchanged  at  $1,006,128  for  both  periods.

Other  income,  net,  for  the  first  nine  months of 1999 comprised $29,290 of
interest  income,  $775,727  of  interest  expense,  a  loss  of $9,504 from the
disposal  of  fixed assets, amortization of deferred financing costs of $96,382,
and  income  of  $1,040,000  from  a  payment received relating to the Company's
economic  interest in a riverboat gaming application in Indiana.  Other expense,
net,  for  the  first  nine months of 1998 comprised $81,429 of interest income,
$745,844  of  interest  expense,  a  gain  of $47,842 from the disposal of fixed
assets,  a  gain  of  $550,000 from a terminated management agreement, income of
$431,000  from a payment received relating to the Company's economic interest in
the  riverboat  gaming  application,  an  impairment  loss  of  $196,022  for an
investment in South Africa, amortization of deferred financing costs of $74,460,
and  a  writeoff  of  $97,850  of  expired  supplier  trade  credits.

The  income tax provision for the nine months ended September 30, 1999, is based
on  estimated  full-year  income for financial reporting purposes which has been
adjusted  for  permanent  book-tax  differences,  primarily  consisting  of
nondeductible  goodwill amortization resulting from the Alpine acquisition.  The
income  tax  provision  of $98,000 for the nine months ended September 30, 1998,
consists  of  (a) a nonrecurring benefit of $815,000 resulting from the reversal
of  the  valuation  allowance  previously  provided  against  the  Company's net
deferred  tax  assets;  and  (b)  a  provision  of  $913,000, based on estimated
full-year  income  for  financial  reporting  purposes  which  has been adjusted
primarily  for  nondeductible  goodwill  amortization.

LIQUIDITY AND CAPITAL RESOURCES Cash and cash equivalents  totaled $3,341,776 at
September  30,  1999,  and the Company had net  working  capital of  $1,456,042.
Additional  liquidity may be provided by the Company's revolving credit facility
("RCF")  with Wells  Fargo Bank,  under  which the Company had unused  borrowing
capacity of  approximately  $10.8  million at September  30, 1999.  For the nine
months  ended  September 30, 1999, cash  provided by  operating  activities  was

                                       13
<PAGE>

$3,346,457  compared with $3,804,414 in the prior-year period, with the decrease
principally  due to a higher  current tax provision and increases in prepaid and
other  current  assets of  approximately  $576,000  in the  current  year.  Cash
provided by investing activities of $233,024 for the nine months ended September
30, 1999,  included a $1,040,000  payment  received  relating to the sale of the
Company's  interest in the riverboat  gaming  application and net redemptions of
short-term investments of $1,038,496,  partially offset by fixed asset purchases
of  $1,774,753  and advances of $65,458 to Casino  Millennium  a.s. Cash used in
financing  activities  for the first nine months of 1999 included net repayments
of borrowings of approximately $2,303,000.

In July 1999, Casino Millennium a.s. opened its casino in the five-star Marriott
Hotel  in  Prague,  Czech  Republic.  The  Company  has a 20-year agreement with
Casino  Millennium to provide casino management services for 10% of the casino's
gross  revenue  and  to provide certain gaming equipment for 45% of the casino's
net profit. As of September 30, 1999, the Company has purchased gaming equipment
totaling  $1,140,000  which is being leased to the casino, and has an additional
$360,000  remaining  to  be  funded.  The  Company expects to fund the remaining
capital  commitment  through  a combination of operating cash flows and existing
liquidity.

In  April  1998,  the Gauteng Gambling and Betting Board (the "Board") announced
the  award  of  the  remaining  two gaming licenses for the province of Gauteng,
South  Africa,  which  includes the major metropolitan areas of Johannesburg and
Pretoria.  Silverstar  Development  Ltd. ("Silverstar"), the consortium to which
the  Company  is  the  contracted  casino  management  partner, and in which the
Company  holds  a  minority  equity interest, had submitted an application for a
proposed  $70  million,  1,700  gaming position hotel/casino resort development.
Silverstar  was  not  awarded  one  of  the  licenses.  The  Company recorded an
impairment  allowance  against its entire equity investment in Silverstar in the
amount  of  $196,022,  which  was  included  in  "other  expense,  net"  in  the
accompanying  statements of operations for the periods ended September 30, 1998.
Silverstar subsequently filed a legal action with the High Court of South Africa
(the  "High  Court")  challenging  the  decision of the Board and the provincial
government  in  their  failure  to  award  a casino license to Silverstar on the
grounds  that the decision-making process was legally deficient.  In March 1999,
the  High  Court  overturned  the previous license award that had been sought by
Silverstar,  and  remanded the licensing process for the West Rand region to the
provincial government.  The competing license applicant appealed the ruling, but
in April 1999, the High Court rejected the request for leave to appeal its March
ruling.  This  defendant  also  made  no  request  for  leave to appeal with the
Appeals Court, the final court of appeal. In June 1999, the Executive Council of
the provincial government resolved not to concur with the Board's recommendation
of  the  competing  applicant.  In July 1999, the competing applicant instituted
action  in  the  High  Court  seeking to overturn this decision of the Executive
Council.  No  date  has  yet  been  set  for  a hearing in the High Court of the
competing  applicant's complaint.  There can be no certainty regarding the award
of  this  license.

Management believes that the Company's working capital position at September 30,
1999,  together  with  expected cash flow from operations and borrowing capacity
under  its  revolving  credit  facility,  will  be  adequate to satisfy its debt
repayment  obligations,  meet  its  anticipated  capital expenditures and pursue
additional  business  growth  opportunities  for  the  foreseeable  future.

YEAR  2000  COMPLIANCE

The   inability   of   computers,   software  and  other   equipment   utilizing
microprocessors  to  recognize  and properly  process  data fields  containing a
two-digit  year is  generally  referred to as the Year 2000  ("Y2K")  compliance
issue.  As the year 2000  approaches,  such systems may be unable to  accurately
process certain date-based or date-sensitive information. The Company is nearing
the conclusion its plan to ensure Y2K compliance.  The Company  believes that it
has identified all software  applications,  hardware  components,  equipment and
third-party vendors that could pose potential Y2K problems.

                                       14

<PAGE>

Computerized  Systems  and  Components
--------------------------------------
The  computerized systems of most significance to the Company's ongoing business
operations  are  those  that  involve  slot  reporting,  player  tracking  and
accounting.  Those systems rely primarily on hardware and software obtained from
third-party vendors.  The Company has contacted the respective vendors for these
systems and has received written confirmation that the software applications and
related  hardware  components  currently  in  use  for  those  systems  are  Y2K
compliant.  Certain  of  these  systems and components were upgraded during 1998
and 1999.  The Company did not incur any significant incremental costs in making
these  systems  Y2K  compliant.

Non-IT-Dependent  Systems  and  Equipment
-----------------------------------------
The Company  uses in its business  certain  systems and  equipment  that contain
embedded  technology  ("non-IT  dependent  systems")  such as electronic  gaming
devices,  security and surveillance equipment,  copiers and fax machines,  alarm
systems and voicemail  systems,  among others.  The most significant of these to
the Company's  operations are electronic gaming devices,  from which the Company
derives  in  excess  of 95% of its  net  operating  revenue.  Based  on  written
responses from its vendors,  the Company believes that  substantially all of the
electronic gaming devices  presently being used in the Company's  operations are
Y2K  compliant.  The Company has tested its  security and  surveillance  systems
internally   and  determined   that  they  are  Y2K  compliant.   The  remaining
non-IT-dependent  systems  and  equipment  are not  considered  critical  to the
Company's operations. Through its own evaluation or contact with the appropriate
vendors, the Company has determined that the majority of these remaining systems
and  equipment are Y2K  compliant.  Management  believes  that  non-IT-dependent
systems and equipment that have not yet been fully  evaluated for Y2K compliance
would not have a material  adverse  effect on the  Company's  operations  in the
event of Y2K noncompliance.

Third-Party  Service  Providers
-------------------------------
The  Company  has  identified  and  contacted certain primary service providers,
including  its banks and payroll processor, to determine whether their potential
Y2K  problems  could have a material adverse effect on the Company.  The Company
relies on its banks principally to fund expansion of operations, provide working
capital,  and  to  process  transactions.  The failure of the Company's banks to
provide  these  services  would  likely  have  a  material adverse effect on the
Company's day-to-day operations.  The Company's banks have indicated that, as of
September  30,  1999, they had substantially completed testing their systems for
Y2K  compliance,  including testing of contingency plans.  The Company's payroll
processor  has  indicated  that  it  is  fully  Y2K  compliant.  Based  upon the
information  received  from these service providers, the Company does not intend
to  develop  its  own  contingency  plans  for  these  activities.

The  ability  of  the Company to conduct its operations is also dependent on the
provision  of  certain  services  such  as  electricity,  water,  natural  gas,
telecommunications  and  the like by third parties, where there is limited or no
choice  of  alternative suppliers.  Failures by such third-party suppliers would
have  a material adverse effect on the Company's operations.  The Company cannot
reasonably estimate the likelihood of Y2K-related failures by these suppliers to
provide  their  services.   The  Company does not believe that it is feasible to
develop  or test contingency plans to cope with possible Y2K-related failures by
these  third  parties.

                                       15
<PAGE>

Current  Status
---------------
With  the exception of certain services on which the Company relies as described
in  the  preceding  paragraph,  the  Company's information at this time does not
indicate that Y2K compliance issues will have a material adverse effect upon the
financial  condition  or  results  of  operations of the Company.  The Company's
incremental  cost of its Y2K compliance program to date has not been significant
and  incremental  costs  to  be  incurred  by  the  Company  to complete its Y2K
compliance  program  are  not  expected  to  be  significant.  The  Company  has
concluded  its study of its major systems and believes that such systems are Y2K
compliant;  however,  there  can be no assurance that the cost of Y2K compliance
might  not  become  material  if  different  information  becomes  available.


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

PART  II

OTHER  INFORMATION

Item  1.  -  Legal  Proceedings

On  July  16, 1999, a competing applicant for a license in the West Rand area of
Gauteng,  South  Africa, threatened in correspondence to take action against the
Company  in  an  unspecified  court  in the United States with regard to certain
statements  in  the Company's 1998 Annual Report which the competitor alleged to
be  defamatory  and  for which it claimed it would seek damages of approximately
$1.6  million.  The  Company  and its legal advisers in South Africa believe the
allegations  of  the  competitor  to  be entirely without merit and vexatious in
nature.  To date, no action in this regard has been initiated by that competitor
(a  South  African  company)  in  the United States.  On September 28, 1999, the
competitor was granted an urgent order by the High Court of South Africa against
a  director of the Company and the Company's South African subsidiary (together,
the  "Respondents")  to seize and have held in the safekeeping of the sheriff of
the  High  Court  certain  documents  the competitor alleged to be vital for the
substantiation  of  its claim against the Company.  The procedure leading to the
grant  of  this  order  of  the  High  Court  provided  no  opportunity  for the
Respondents  to  defend  the action before the order was granted, or the seizure
pursuant  thereto  was  made.  Subsequent  to  the seizure of the documents, the
Respondents  sought to overturn the seizure order of the High Court.  On October
22,  1999,  a  judge  of  the High Court overturned the previous court order and
awarded  costs  against  the  competitor  and  in favor of the Respondents while
further  causing  all  documents  to  be  returned.  In overturning the previous
order,  the  judge  questioned  the  motives of the competitor in initiating the
action  and  awarded costs in favor of the Respondents on the highest level of a
punitive  scale  as  a mark of the disapproval of the court for the competitor's
conduct.  Under  South  African  law,  an  unsuccessful  party  does not have an
automatic  right  of  appeal  in the High Court but leave must be granted by the
Trial  Judge or the Chief Justice.  The competitor has lodged an application for
leave  to  appeal  and  the  court  has  yet  to  determine whether to grant the
competitor  leave  to  prosecute  an  appeal.

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

                                       16
<PAGE>

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

(a)     Exhibits  - The following exhibits are filed herewith or incorporated by
reference  as  indicated:
10.83     Waiver  and  Release  and  Consulting  Agreement  between  Norbert
Teufelberger  and  Century  Casinos,  Inc.,  dated  October  15,  1999
27     Financial  Data  Schedule

(b)     Reports  on  Form  8-K:

No  reports  on Form 8-K were filed during the quarter ended September 30, 1999.

                                  * * * * * * *


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

CENTURY  CASINOS,  INC.

/s/  Larry  J.  Hannappel
___________________________
Larry  J.  Hannappel
Chief  Accounting  Officer  and  duly  authorized  officer
Date:  November  11,  1999

                                       17
<PAGE>

                                  Exhibit 10.83


                   WAIVER AND RELEASE AND CONSULTING AGREEMENT
                   ------ --- ------- --- ---------- ---------

I.           RECITALS

A.     Norbert  Teufelberger  (hereinafter  referred  to as "Employee') has
been  employed  by  Century  Casinos,  Inc.,  and by CCI's wholly-owned Austrian
subsidiary  "Century  Management-und  Beteiligungs  GmbH"  ("CMB") (collectively
referred to as "CCI"). The term CCI shall also include all of CCl's subsidiaries
and  affiliates  without exception. Employee and CCI are desirous of terminating
their  employment  relationship  in  an  amicable manner under the terms of this
Waiver  and  Release  and  Consulting Agreement ("Waiver and Release"). Employee
also has held certain positions with CCI's subsidiaries and served as a director
on  CCI's  Board.  By this Waiver and Release the parties also seek to reiterate
and  ensure  that  all  employment  and  business relationships between them are
terminated,  except  as  specifically  provided herein with regard to Employee's
service  as  a  consultant.
B.     This  Waiver  and Release sets forth below the terms and conditions of an
amicable  settlement  and  a  full  accord  and  satisfaction  of all claims and
controversies  between  Employee  and CCI.  Neither party admits to any wrongful
conduct  by  entering  this  release,  and  each party specifically denies such.
C.     This  Waiver  and Release is executed in conjunction with the termination
of  Employee's  employment,  and  other relationships with CCI, but the scope of
this  Waiver  and Release is broader than that.  The parties intend to settle by
this  Waiver  and Release all matters between them relating to or arising out of
events  occurring  up  to  the  date  of  this  Waiver  and  Release.



<PAGE>

II.     COVENANTS
A.     CCI agrees to make the following payments to Employee, in settlement
of  any  claims  and  as  the entire payment for all claims that might have been
brought  in  any  lawsuit  or in any state or federal judicial or administrative
forum  up to the date of the execution of this Waiver and Release, including any
claims  for  attorneys'  fees and costs. The payments are also consideration for
Employee's  other agreements contained herein. The payments shall be as follows:
I.     CCI  will  forgive  debt  in  the  approximate  amount  of  $38,000.00
(Thirty-Eight  Thousand  Dollars)  owed  by  Employee  to  CCI.
2.     CCI  will  allow  Employee  to  keep  furniture  valued  at approximately
$11,000     (Eleven  Thousand  Dollars)  originally  purchased  by  CCI.
3.     CCI  will  allow  Employee  to  keep  the  laptop  computer  (including
accessories)  and  two  cellular  telephones currently in Employee's possession.
4.     CCI will pay Employee the sum of $40,000.00 (Forty Thousand Dollars) upon
the  effective  date of the Waiver and Release. The parties understand and agree
that  this  payment  specifically  represents payment for any severance to which
Employee  may  be entitled under the law of any country or political subdivision
of  any  country,  as well as payment for Employee's returning all securities he
may  have  received  under  any  plan  of  CCI.

<PAGE>

5.     CCI  will  pay  the  additional  amount  of $14,000.00 (Fourteen Thousand
Dollars)  each  month  for  a  period  of  12 months beginning January, 2000 and
continuing  through  December,  2000.  This amount shall be due on or before the
final  Friday  of  the  month. Employee shall not demand prepayment, but parties
agree  that  CCI  may  prepay  this  amount  at any time in one or more lump sum
payments  by  paying  Employee  the net present value of the sum of the payments
still  due  Employee discounted at the U. S. Fed. Funds rate existing on the day
before  the  payment is made. These payments are specifically amounts to be paid
to  Employee  for  services  rendered as a consultant, as well as for Employee's
agreement  not to compete as described below. Employee may, with CCI's approval,
which  shall  not  be  unreasonably withheld, nominate an assignee for receiving
these  payments,  subject,  however,  that  the assignee shall be 100% owned and
controlled  by  Employee.  The parties understand that CCI may determine in good
faith, but no later than the day CCI has filed the 10-KSB for 1999 with the SEC,
that  Employee  owes  CCI  some  amount  that  the parties are not now aware of.
Employee  agrees  that  CCI  may  deduct  such  amounts, in good faith, from any
payments  due under this section, and CCI will inform Employee of the reason for
such  deduction  made.  It  is explicitly stated that CCI is aware of - and will
therefore  not  deduct - payments that have been made to Employee for Employee's
company  car  and  his  private  use  thereof,  transportation  costs (including
flights)  of  Employee's family for the purpose of avoiding alienation phenomena

<PAGE>

between  Employee  and Employee's family, Employee's personal use of telephones,
Employee's  corporate  apartment  in  Prague  up to US-$ 2,000 per month, family
health  insurance,  payments  for  green  card attorney and tax consulting up to
September  30,  1999  and  CCI's  contributions  to  its  401Kplan.
          B.     In  consideration  of  the  payment  by  CCI to Employee of the
payments described in paragraph Il-A above, Employee, individually and on behalf
of his successors, heirs, and assigns, hereby forever releases, remises, waives,
acquits,  and  discharges CCI, together 'with any and all parent corporations of
CCI  and  their  respective  subsidiaries,  successors,  predecessors,  assigns,
directors,  officers,  shareholders,  supervisors, employees, attorneys, agents,
and  representatives,  from  any  and  all  actions,  causes  of action, claims,
demands,  losses,  damages,  costs,  attorneys'  fees,  judgments,  liens,
indebtedness,  and  liabilities  whatsoever,  known  or  unknown,  suspected  or
unsuspected,  past  or  present,  arising  from  or  relating or attributable to
Employee's  employment  by  CCI,  the termination of said employment, Employee's
subsequent  search  for  other  employment  to  the date of this Agreement, and,
without  limiting  the  generality  of  the  foregoing, from any and all matters
asserted, or which could have been asserted, in any state or federal judicial or
administrative  forum, or in any judicial or administrative forum in any country
outside  the  United  States,  up  to  the  date  of  this  Waiver  and Release,
specifically,  but  not  by  way  of limitation, including claims under the Fair
Labor  Standards  Act, as amended, the National Labor Relations Act, as amended,
Title  VII  of  the  Civil  Rights  Act  of 1964, as amended, the Post-Civil War
Reconstruction  Acts,  as  amended, the Age Discrimination in Employment Act, as

<PAGE>

amended,  the Americans with Disabilities Act, the Civil Rights Act of 1991, any
state  civil  rights  act, and any claim of wrongful discharge, tort or contract
arising  out  of  the common law of any state, and any claim of any kind arising
under  the  law of any country outside the United States- Employee agrees not to
pursue  any claims he may have for pain and suffering, intentional infliction of
emotional  distress,  or  similar  claims.  Employee further agrees that he will
provide  no support of any kind for any person who threatens or brings any claim
against CCI. Employee will only provide information to any person, who Threatens
or brings a claim against CCI, under subpoena or court order and after informing
CCI  of the subpoena or court order in question. Likewise CCI on its behalf, and
on  behalf  of  any and all parent corporations, and their respective subsidiary
corporations,  hereby forever releases, remises, waives, acquits, and discharges
Employee and his successors, assigns, or agents from any and all actions, causes
of  action, claims, demands, losses, damages, costs, attorneys' fees, judgments,
liens,  indebtedness, and liabilities whatsoever, known or unknown, suspected or
unsuspected,  past  or  present,  arising  from  or  relating or attributable to
Employee's  employment  by  CCI,  the termination of said employment, Employee's
subsequent  search  for  other  employment  to  the date of this Agreement, and,
without  limiting the generality of the foregoing, specifically from any and all
matters  asserted  or  which  could have been asserted in any lawsuit, up to the
date  of  this  Waiver  and  Release.

<PAGE>

     C.     The  payments  referenced  above  shall  be  made  without  applying
withholdings  of  any  kind and shall be reported on the Form 1099. The Employee
specifically  agrees  that  he  alone shall be responsible to pay any tax on the
payments  due  to any taxing authority and that the CCI has no responsibility to
do  so.
D.     CCI  and Employee hereby covenant and warrant that they have not assigned
or  transferred  to  any  person  any  portion of any claims which are released,
remised,  waived,  acquitted,  and  discharged  in  paragraph  11-B  above.
E.     Also  in  consideration  for  the  payments  described in paragraph II.A,
above,  Employee  agrees  as  follows:
1.     Within  five (5) days of the signing of this Waiver and Release, Employee
will  surrender to CCI all securities of every kind, Employee has received under
any  CCI  plan to issue securities, including but not limited to all warrants or
options.  Under  no  circumstances  will Employee exercise, attempt to exercise,
transfer,  or attempt to transfer such warrants or options except as provided in
this  sub-paragraph.
2.     Employee  confirms  that  he  has  resigned  from any positions with CCI,
effective  September  30, 1999, including any Director positions on the Board of
Directors  of  CCI,  or  any  of  its  parents,  affiliates  or  subsidiaries.
3.     Employee  will make himself available for consulting, and will consult in
good  faith  with  CCI's designees for three hours every month, through December
31,  2000.  Consultations shall take place by telephone, fax, electronic message
or  similar  methods  chosen  by  CCI.

<PAGE>

4.     Except  as provided at the end of this paragraph II.E.4., for a period of
18  months after the effective date of this Agreement, Employee shall not within
any state of the United States, or within any country outside the United States,
where  CCI  operates  any  of  its  existing businesses, directly or indirectly,
either  for  the Employee's own account or as a partner, shareholder (other than
shares  regularly  traded  in  a recognized market), officer, employee, agent or
otherwise,  be  employed  by,  be  connected  with,  participate  in, consult or
otherwise  associate with, any other business, enterprise or venture that is the
same  as,  similar  to  or  competitive  with  CCI.  As an example, and not as a
limitation,  the  foregoing  shall preclude Employee's being in any way involved
with  the management of any casino or gaming enterprise, or the giving of advice
or  consultation  concerning  same, within the designated geographical areas and
time  period.  For  purposes  of  this  Waiver and Release, and specifically for
purposes  of  this  covenant  not to compete, Employee agrees that he is and has
been  part  of  the  "Executive and Management Personnel" of CCI as that term is
used  in  Colorado  Revised  Statutes   8-2-113, and that the duties of Employee
included  the  formulation  and  execution  of  management  policy. As a limited
exception  to this promise not to compete, CCI specifically agrees that Employee
may  advise,  be  associated  with  or be employed by any company whose business

<PAGE>

involves  gaming  on  the Internet only. Under no circumstances may such company
(in  markers/areas where CCI currently operates) accept wagers or promote gaming
in  any  fixed  location  such  as  a  casino,  office or shop, or else this one
permitted  exception  to  the  covenant  not  to  compete  will  not  apply. CCI
recognizes  that  gaming  on the Internet may not be legal in certain places and
does not endorse or sponsor such activity by agreeing to this limited exception.
     5.     Employee  agrees  that  he will return to CCI all property of CCI in
his  possession,  including but not limited to keys, credit cards, files, plans,
reports,  and data of every kind relating to CCI's business, without limitation,
including  but  not limited to spreadsheets, calculations, and budgets. Employee
recognizes that this obligation specifically includes any data relating to CCI's
business  stored  in  any electronic medium, whatever, including but not limited
to,  any  computer  system or laptop computer in the Employee's possession or to
which  the  Employee  has  access.  Employee agrees be will return such property
within  five (5) days of the signing of this Waiver and Release to Mr. Christian
Kettner,  or  such  other  persons  designated  by  CCI.

<PAGE>

     6.     Employee  recognizes  that  as a managerial employee and director of
CCI,  he  had  access to "Confidential Information" of CCI. For purposes of this
Waiver  and  Release,  "Confidential  Information"  shall  include  any of CCI's
proprietary  information or trade secret information as defined by Colorado Law.
"Confidential  Information"  specifically  includes,  but is not limited to, the
following types of information: discoveries, ideas, concepts, designs, drawings,
specifications,  techniques, models, data, documentation, diagrams, flow charts,
research  (including  market  research),  financial  information,  processes,
procedures,  marketing  and  development  plans,  customer  names  and  other
information  relating to customers, price lists, pricing and operational policy,
and financial information. Information, however, which is generally known in the
trade, or generic information which is learned outside of Employee's association
with CCI, shall not be deemed "Confidential Information" Employee agrees that he
will  not  disclose CCI's "Confidential Information" to any person, or entities,
without  CCI's  prior  written  permission.
     7.     Employee  also  agrees for a period of 18 months after the effective
date  of  this  Waiver  and  Release,  Employee  will  not,  either  directly or
indirectly,  on  Employee's  own  behalf  or  in  the service of or on behalf of
others,  employ  any employee of CCI, or solicit, or recruit any employee of CCI
to  leave  employment  with  CCI, or otherwise terminate employment with CCI, or
join  a  competitor  of  CCI.

<PAGE>

     8.     Employee  expressly  recognizes  that  any breach of his obligations
under  paragraphs II. E. 4, 5, 6, or 7 would result in irreparable injury to CCI
and  agrees that CCI shall be entitled to institute and prosecute proceedings in
the  Colorado  State  District  Court,  Fourth Judicial District, to enforce the
specific  performance  of  paragraphs II. E. 4, 5, 6, or 7 or to enjoin Employee
from  activities  in  violation  of  paragraphs  II.  E.  4,  5,  6,  or  7, not
withstanding  any  other  provision of this Agreement, including paragraph II.M.
With  regard  to  Employee's  obligations  under paragraph II. E. 4, 5, 6, or 7,
Employee also recognizes that any remedy for CC1 at law would be inadequate, and
that  CCI  is  or would be entitled to an injunction to enjoin the violations of
Employee's  obligations  under  paragraphs  II.  E.  4,  5,  6,  or  7. Employee
specifically  agrees that in the event of a violation or threatened violation of
these  sub-paragraphs, CCI may obtain an injunction, without posting any bond or
other security, to restrain the unauthorized violation or failure to comply with
Employee's  obligations  under  paragraphs  II.  E.  4,  5,  6  or  7.
9.     Employee  also agrees to sign any papers necessary in connection with his
resignation  from  any  position  with  CCI  or  the  Board of CCI or any of its
parents,  affiliates,  or  subsidiaries.

<PAGE>

     F.     Employee  expressly agrees to keep the substance of negotiations and
conditions  of  the  settlement,  and the terms and substance of this Waiver and
Release,  strictly  confidential.  With  the  exception of immediate family, tax
advisors,  and  attorneys,  Employee further agrees that he will not communicate
(orally  or in writing) or in any way disclose the substance of negotiations and
conditions  of  the  settlement,  and  the terms or substance of this Waiver and
Release  to  any  person,  judicial  or  administrative agency or body, business
entity  or  association,  or anyone else, for any reason whatsoever, without the
prior  express  written  consent of CCI, unless compelled to do so by law. It is
expressly  agreed  that this confidentiality provision is an essential provision
of  this  Waiver  and Release. Employee, may, however, disclose the terms of the
consulting  portion  of  this Waiver and Release (II. E. 3) to his new employer.
CCI  shall  also  agree  to  keep  this  Waiver and Release confidential, unless
otherwise  advised  by  counsel.
G.     Apart  from the payment described in paragraph 11-A above, which Employee
will  receive  after  the  effective date of this Waiver and Release, each party
will  bear  its  own  costs  and  attorneys'  fees.
H.     This  Waiver  and  Release  sets forth the complete agreement between the
parties.  No  other  covenants or representations have been made or relied on by
the  parties,  and  no other consideration, other than that set forth herein, is
due  between  the  parties.  Specifically, but without limiting the scope of the
foregoing,  no  payment  of  money between the parties is due in any way, in any
amount,  or  on account of any charge, including attorneys' fees, other than the
sum  described  in  paragraph  II-A  above.

<PAGE>

I.     Employee  represents  that  he  has  read  this  Waiver  and  Release and
understands  each  of  its  terms.  Employee  further  represents  that  no
representations,  promises,  agreements,  stipulations,  or statements have been
made  by  CCI,  or  its  parent  corporation  or  their respective subsidiaries,
successors, predecessors, assigns, directors, officers, employees, shareholders,
supervisors,  agents,  attorneys,  or representatives to induce this settlement,
beyond  those  contained herein. Employee further represents that he voluntarily
signs  this  Waiver  and  Release  as  his  own  free  act.
J.     If  any  provision  of  this  Waiver and Release should be declared to be
unenforceable by any administrative agency or court of law, the remainder of the
Waiver  and  Release shall remain in full force and effect, and shall be binding
upon  the  parties  hereto as if the invalidated provision were not part of this
Waiver  and  Release.
K.     Colorado  law shall govern the interpretation of this Waiver and Release.
L.     Employee  agrees  that  he shall not publicly disparage or deprecate CCI,
its  officers  or  employees.
M.     Except  as  provided  in  paragraph  II.E.8,  any  dispute concerning the
interpretation  of  this  Agreement,  or  the  parties'  obligations  under this
Agreement,  shall  be  resolved  by  final  binding  arbitration,  under  the
then-existing  rules  of  the  American  Arbitration  Association for Commercial
Arbitration,  in  Colorado  Springs,  Colorado.  The arbitrator will be selected
pursuant  to the mutual agreement of the parties, and, if the parties are unable
to  agree,  the  arbitrator  will be designated by the Chief Judge of the Fourth
Judicial District Court, State of Colorado. Any award rendered by the arbitrator
shall be enforced, if necessary, in the Fourth Judicial District Court, State of
Colorado.  The arbitrator may award any relief recognized by Colorado law, which
could  be awarded by a District Court of this State, including injunctive relief
and  attorneys'  fees. The arbitrator shall award reasonable attorneys' fees and
costs  to  the  prevailing  party.

<PAGE>

N.     If  a  party  is  required to initiate an action in court to enforce this
Agreement,  or  to  assert this Agreement as a defense to an action initiated by
the  other  party,  the  prevailing  party  shall  be  entitled to its costs and
attorneys'  fees  from  the  other  party, to the extent such costs and fees are
related  to  the  enforcement  of  this  Agreement  or  the assertion of it as a
defense.
O.     Employee  certifies  that,  as  of September 30, 1999, to the best of his
knowledge  and  professional judgment, all of CCI's books, financial statements,
and  related  data  are  in  satisfactory  order and are in conformance with all
rules,  regulations,  and  laws  that  pertain  to  such  data  and information.
     IN  WITNESS  THEREOF,  and  intending to be legally bound, the parties have
executed  this  Waiver  and  Release.




<PAGE>
------
Century  Casino  Inc.
-------  ------  ---
By:  /s/  Erwin  Haitzmann
Its:  Chairman  &  CEO
Date:  Oct  15,  1999



Norbert  Teufelberger
---------------------

By:  /s/  Norbert  Teufelberger
Dated:  10/13/99