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, 2000.
_______     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
October 24, 2000:
                                   14,033,276

                                        1
<PAGE>

                              CENTURY CASINOS, INC.
                                   FORM 10-QSB
                                      INDEX

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

Item  1.     Condensed  Financial  Statements  (unaudited)

             Condensed Consolidated Balance Sheet as of                     3
             September 30, 2000

             Condensed Consolidated Statements of Income for the            4
             Three Months Ended September 30, 2000 and 1999

             Condensed Consolidated Statements of Income for the            5
             Nine Months Ended September 30, 2000 and 1999

             Condensed Consolidated Statements of Comprehensive             6
             Income for the Three and Nine Months Ended
             September 30, 2000 and 1999

             Condensed Consolidated Statements of Cash Flows                7
             for the Nine Months Ended September 30, 2000 and 1999

             Notes to Condensed Consolidated Financial Statements           8

Item 2.      Management's Discussion and Analysis                          13


PART II      OTHER INFORMATION                                             16

             SIGNATURES                                                    16

                                        2
<PAGE>
<TABLE>
<CAPTION>

CENTURY  CASINOS,  INC.  AND  SUBSIDIARIES
CONDENSED  CONSOLIDATED  BALANCE  SHEET  (UNAUDITED)
----------------------------------------------------
<S>                                                                   <C>
                                                                      September 30, 2000
                                                                      --------------------
ASSETS

Current Assets:
   Cash and cash equivalents                                          $         3,345,000
   Accounts receivable                                                            582,000
   Prepaid expenses and other                                                     648,000
                                                                      --------------------
     Total current assets                                                       4,575,000

Property and Equipment, net                                                    28,730,000

Goodwill, net                                                                   8,909,000

Other Assets                                                                    3,081,000
                                                                      --------------------
Total                                                                 $        45,295,000
                                                                      ====================

LIABILITIES AND SHAREHOLDERS' EQUITY

Current Liabilities:
   Current portion of long-term debt                                  $           874,000
   Accounts payable and accrued expenses                                        2,905,000
                                                                      --------------------
     Total current liabilities                                                  3,779,000
                                                                      --------------------
Long-Term Debt, less current portion                                           18,136,000
                                                                      --------------------
Minority Interest                                                               1,287,000
                                                                      --------------------

Shareholders' Equity:
   Preferred stock; $.01 par value; 20,000,000 shares
    authorized; no shares issued or outstanding
   Common stock; $.01 par value; 50,000,000 shares authorized;
    14,485,776 shares issued; 14,085,276 shares outstanding                       144,000
   Additional paid-in capital                                                  21,967,000
   Accumulated other comprehensive loss - foreign currency translation           (649,000)
   Retained earnings                                                            1,344,000
                                                                      --------------------
                                                                               22,806,000
   Treasury stock - 400,500 shares, at cost                                      (713,000)
                                                                      --------------------
     Total shareholders' equity                                                22,093,000
                                                                      --------------------
Total                                                                 $        45,295,000
                                                                      ====================
</TABLE>

See  notes  to  condensed  consolidated  financial  statements.

                                        3
<PAGE>
<TABLE>
<CAPTION>

CENTURY  CASINOS,  INC.  AND  SUBSIDIARIES
CONDENSED  CONSOLIDATED  STATEMENTS  OF  INCOME (UNAUDITED)
-----------------------------------------------------------
<S>                                               <C>                                         <C>
                                                                For the Three Months Ended September 30,
                                                                -----------------------------------------
                                                                       2000                      1999
                                                                       ----                      ----


Operating Revenue:
   Casino                                                         $   6,876,000           $   6,436,000
   Food and beverage                                                    369,000                 281,000
   Hotel                                                                 47,000                  55,000
   Other                                                                 89,000                 111,000
                                                                  --------------          --------------
                                                                      7,381,000               6,883,000
  Less promotional allowances                                           191,000                 179,000
                                                                  --------------          --------------
     Net operating revenue                                            7,190,000               6,704,000
                                                                  --------------          --------------

Operating Costs and Expenses:
   Casino                                                             2,692,000               2,222,000
   Food and beverage                                                    224,000                 160,000
   Hotel                                                                180,000                  49,000
   General and administrative                                         1,689,000               1,655,000
   Depreciation and amortization                                        851,000                 848,000
                                                                  --------------          --------------
     Total operating costs and expenses                               5,636,000               4,934,000
                                                                  --------------          --------------

Income from Operations                                                1,554,000               1,770,000
  Other income (expense), net                                          (328,000)                765,000
                                                                  --------------          --------------
Income before Income Taxes and Minority Interest                       1,226,000              2,535,000
   Provision for income taxes                                            613,000              1,079,000
                                                                  --------------          --------------
Income before Minority Interest                                          613,000              1,456,000
Minority interest in subsidiary losses                                   217,000                      0
                                                                  --------------          --------------
Net Income                                                        $      830,000          $   1,456,000
                                                                  ==============          ==============

Earnings Per Share:
  Basic                                                           $         0.06          $        0.10
                                                                  ==============          ==============
  Diluted                                                         $         0.06          $        0.10
                                                                  ==============          ==============

</TABLE>

See  notes  to  condensed  consolidated  financial  statements.

                                        4
<PAGE>

CENTURY  CASINOS,  INC.  AND  SUBSIDIARIES
CONDENSED  CONSOLIDATED  STATEMENTS  OF  INCOME  (UNAUDITED)
------------------------------------------------------------
<TABLE>
<CAPTION>
<S>                                               <C>                                       <C>
                                                                For the Nine Months Ended September 30,
                                                                ---------------------------------------
                                                                       2000                     1999
                                                                       ----                     ----
Operating Revenue:
  Casino                                                         $   18,485,000         $   16,935,000
  Food and beverage                                                     912,000                701,000
  Hotel                                                                 123,000                133,000
  Other                                                                 247,000                166,000
                                                                 ---------------        ---------------
                                                                     19,767,000             17,935,000
  Less promotional allowances                                           531,000                485,000
                                                                 ---------------        ---------------
     Net operating revenue                                           19,236,000             17,450,000
                                                                 ---------------        ---------------
Operating Costs and Expenses:
  Casino                                                              7,164,000              6,606,000
  Food and beverage                                                     467,000                398,000
  Hotel                                                                 243,000                153,000
  General and administrative                                          5,573,000              4,611,000
  Depreciation and amortization                                       2,580,000              2,447,000
                                                                 ---------------        ---------------
     Total operating costs and expenses                              16,027,000             14,215,000
                                                                 ---------------        ---------------
Income from Operations                                                3,209,000              3,235,000
  Other income (expense), net                                           533,000                188,000
                                                                 ---------------        ---------------
Income before Income Taxes and Minority Interest                      3,742,000              3,423,000
  Provision for income taxes                                          1,785,000              1,506,000
                                                                 ---------------        ---------------
Income before Minority Interest                                       1,957,000              1,917,000
  Minority interest in subsidiary losses                                248,000                      0
                                                                 ---------------        ---------------
Net Income                                                       $    2,205,000         $    1,917,000
                                                                 ===============        ===============
Earnings Per Share:
  Basic                                                          $         0.15         $         0.13
                                                                 ===============        ===============
  Diluted                                                        $         0.15         $         0.13
                                                                 ===============        ===============
</TABLE>

See  notes  to  condensed  consolidated  financial  statements.

                                        5
<PAGE>
CENTURY  CASINOS,  INC.  AND  SUBSIDIARIES
CONDENSED  CONSOLIDATED  STATEMENTS  OF  COMPREHENSIVE  INCOME  (UNAUDITED)
---------------------------------------------------------------------------
<TABLE>
<CAPTION>
<S>                                        <C>                                         <C>
                                                          For the Three Months Ended September 30,
                                                          ----------------------------------------
                                                                 2000                  1999
                                                                 ----                  ----

Net Income                                                $     830,000             $   1,456,000
Foreign currency translation adjustments                       (297,000)                    4,000
                                                          --------------            --------------
Comprehensive Income                                      $     533,000             $   1,460,000
                                                          ==============            ==============


                                                          For the Nine Months Ended September 30,
                                                          ---------------------------------------
                                                                 2000                  1999
                                                                 ----                  ----

Net Income                                                $   2,205,000             $   1,917,000
Foreign currency translation adjustments                       (617,000)                  (26,000)
                                                          --------------            --------------
Comprehensive Income                                      $   1,588,000             $   1,891,000
                                                          ==============            ==============
</TABLE>
See  notes  to  condensed  consolidated  financial  statements.

                                        6
<PAGE>
CENTURY  CASINOS,  INC.  AND  SUBSIDIARIES
CONDENSED  CONSOLIDATED  STATEMENTS  OF  CASH  FLOWS  (UNAUDITED)
-----------------------------------------------------------------
<TABLE>
<CAPTION>
<S>                                                <C>                                        <C>
                                                                   For the Nine Months Ended September 30,
                                                                   ---------------------------------------
                                                                           2000                   1999
                                                                           ----                   ----


Cash provided by operating activities                              $   3,094,000            $   3,346,000
                                                                   --------------           --------------
Cash provided by (used in) investing activities                       (7,166,000)                 233,000
                                                                   --------------           --------------
Cash provided by (used in) financing activities                        4,909,000               (2,413,000)
                                                                   --------------           --------------
Increase in cash and cash equivalents                                    837,000                1,166,000

Cash and cash equivalents at beginning of period                       2,508,000                2,176,000
                                                                   --------------           --------------
Cash and cash equivalents at end of period                         $   3,345,000            $   3,342,000
                                                                   ==============           ==============

Supplemental Disclosure of Cash Flow Information:

Cash paid for interest                                             $     784,000            $     696,000

Cash paid for income taxes                                         $   1,336,000            $     736,000
</TABLE>

Non-cash  Investing  and  Financing  Activities:
In  connection with the Company's acquisition of CCBC (see Note 4), the minority
shareholder contributed fixed assets valued at $3,836,000 in exchange for a note
payable  to  the  minority  shareholder  of $2,302,000 and an equity interest of
$1,534,000.

See  notes  to  condensed  consolidated  financial  statements.

                                        7
<PAGE>

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

1.   DESCRIPTION  OF  BUSINESS  AND  BASIS  OF  PRESENTATION
     Century  Casinos,  Inc.  and  subsidiaries  (the  "Company") is an
     international gaming company which owns and operates a limited-stakes
     gaming casino in Cripple Creek,  Colorado,  manages  a  casino  within  a
     hotel located in Prague, Czech Republic,  owns  50% of, is developing, and
     manages a hotel and casino resort in Caledon,  South  Africa, and serves
     as concessionaire of small casinos on luxury cruise  vessels.  The
     Company regularly pursues additional gaming opportunities internationally
     and  in  the  United  States.

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

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

     In  April  2000,  the  Company's  South African subsidiary acquired a
     50% equity interest  in  Caledon  Casino  Bid  Company (Pty) Limited
     ("CCBC").  CCBC owns a 92-room  resort  hotel  and  spa and approximately
     600 acres of land in Caledon, South  Africa  and  was  recently awarded a
     casino license for the project.  The Company  has a long-term agreement to
     manage the operations of the casino, which began  on  October  11,  2000.

     In  May  2000,  the  Company  entered  into  a  five-year  agreement to
     serve as concessionaire  of small casinos providing unlimited-stakes gaming
     operations on four  luxury  cruise  vessels.  The Company will operate the
     casinos for its own account  and  pay  concession  fees  based  on
     passenger count and gross gaming revenue.  On  September  18, 2000 the
     Company announced the opening of the first of  four  casinos  with 55
     gaming positions. In August 2000, the Company entered into a five-year
     agreement to serve as concessionaire of a small casino aboard a vessel
     designed  to  be an exclusive residential community at sea.  The Company
     will  operate  the  casino  for its own account and pay concession fees
     based on gross  gaming  revenue.  The  maiden  voyage  is  expected
     early  in  2002.

     The  accompanying  consolidated financial statements and related notes
     have been prepared  in  accordance  with  accounting  principles generally
     accepted in the United States of America for interim financial reporting
     and the instructions to Form  10-QSB and Item 310(b) of Regulation S-B.
     Accordingly, certain information and  footnote  disclosures normally
     included in financial statements prepared in accordance with accounting
     principles generally accepted in the United States of America,  have  been
     condensed  or  omitted.  In the opinion of management, all adjustments
     (consisting of only normal recurring accruals) considered necessary for
     fair  presentation  of  financial  position, results of operations and cash
     flows  have  been  included.  These  condensed consolidated financial
     statements should  be  read  in conjunction with the financial statements
     and notes thereto included  in  the  Company's  Annual  Report  on  Form
     10-KSB for the Year Ended December  31,  1999.


                                        8
<PAGE>

2.   INCOME  TAXES

     The  income  tax  provisions  are  based  on estimated full-year income for
     financial  reporting  purposes adjusted for permanent differences, which
     consist primarily  of  nondeductible  goodwill  amortization  resulting
     from the Legends acquisition.

3.   EARNINGS  PER  SHARE

     Basic  and  diluted earnings per share for the three months ended September
     30,  2000  and  1999  were  computed  as  follows:
<TABLE>
<CAPTION>
<S>                                                              <C>                                        <C>
                                                                               For the Three Months Ended September 30,
                                                                               ----------------------------------------
                                                                                       2000                   1999
                                                                                       ----                   ----

Basic Earnings Per Share:
  Net income                                                                   $     830,000             $   1,456,000
                                                                               =============             ==============
  Weighted average common shares                                                  14,125,496                14,649,752
                                                                               =============             ==============
  Basic earnings per share                                                     $        0.06             $        0.10
                                                                               =============             ==============

Diluted Earnings Per Share:
  Net income, as reported                                                      $     830,000             $   1,456,000
   Interest expense, net of income taxes, on convertible debenture                     6,000                     8,300
                                                                               -------------             --------------
  Net income available to common shareholders                                  $     836,000             $   1,464,300
                                                                               =============             ==============
  Weighted average common shares                                                  14,125,496                14,649,752
   Effect of dilutive securities:
     Convertible debenture                                                           204,395                   271,739
     Stock options and warrants                                                      681,710                   174,748
                                                                               -------------             --------------
  Dilutive potential common shares                                                15,011,601                15,096,239
                                                                               =============             ==============
  Diluted earnings per share                                                   $        0.06             $        0.10
                                                                               =============             ==============
  Excluded from computation of diluted earnings per share
   due to antidilutive effect:
     Options and warrants to purchase common shares                                  535,000                 3,774,928
     Weighted average exercise price                                           $        2.43             $        1.92
</TABLE>

                                        9
<PAGE>

     Basic  and  diluted  earnings  per share for the nine months
     ended September 30, 2000  and  1999  were  computed  as  follows:
<TABLE>
<CAPTION>
<S>                                                              <C>                                       <C>
                                                                               For the Nine Months Ended September 30,
                                                                              ----------------------------------------
                                                                                       2000                   1999
                                                                                       ----                   ----

Basic Earnings Per Share:
  Net income                                                                    $   2,205,000           $   1,917,000
                                                                                ==============          ==============
  Weighted average common shares                                                   14,308,060              14,658,941
                                                                                ==============          ==============
  Basic earnings per share                                                      $        0.15           $        0.13
                                                                                ==============          ==============

Diluted Earnings Per Share:
  Net income, as reported                                                       $   2,205,000           $   1,917,000
   Interest expense, net of income taxes, on convertible debenture                     23,000                  25,000
                                                                                --------------          --------------
  Net income available to common shareholders                                   $   2,228,000           $   1,942,000
                                                                                ==============          ==============
  Weighted average common shares                                                   14,308,060              14,658,941
   Effect of dilutive securities:
     Convertible debenture                                                            249,127                 271,739
     Stock options and warrants                                                       516,019                 172,406
                                                                                --------------          --------------
  Dilutive potential common shares                                                 15,073,206              15,103,086
                                                                                ==============          ==============
  Diluted earnings per share                                                    $        0.15           $        0.13
                                                                                ==============          ==============
  Excluded from computation of diluted earnings per share
   due to antidilutive effect:
     Options and warrants to purchase common shares                                   565,000               3,774,928
     Weighted average exercise price                                            $        2.39           $        1.92
</TABLE>


4.   CALEDON,  SOUTH  AFRICA
     On  April  13,  2000, the Caledon Casino Bid Company (Pty) Limited ("CCBC")
     was  awarded  a gaming license for a casino at a 92-room resort hotel and
     spa in Caledon,  province  of  the  Western Cape, South Africa.  On April
     17, 2000, the Company's  South  African  subsidiary, Century Casinos Africa
     (Pty) Ltd ("CCA"), acquired  a  50% equity interest in CCBC.  In March
     2000, in anticipation of the award  of  the  final  license,  the Company
     borrowed approximately $4.0 million under  its  revolving  credit  facility
     and, in April 2000, the Company (through CCA)  made  its  equity
     investment of approximately $1,534,000 in and a loan of approximately
     $2,302,000  to  CCBC.  In  a  concurrent transaction, another 50% investor
     contributed  fixed  assets  to  CCBC  in  exchange  for  a  50% equity
     investment  of  approximately  $1,534,000  and  a  loan payable of
     approximately $2,302,000.  The  acquisition  of CCBC by the Company and
     the other investor has been  recorded  using  the  purchase  method of
     accounting.  As of September 30, 2000, net  long-lived  assets  held
     by  CCBC,  included  in  the Company's condensed consolidated  balance
     sheet,  approximated  $8.7  million.

                                       10
<PAGE>

     In  April  2000,  CCBC  entered  into  a loan agreement with PSG Investment
     Bank Limited  ("PSGIB"),  which  agreement  provides  for  a  principal
     loan  of approximately  $6,200,000  to  fund  development  of  the  Caledon
     project and a working  capital facility of approximately $2,100,000.  CCBC
     is required to make principal  payments  beginning  January  2002  and
     continuing  over a five-year period.  Outstanding  borrowings  bear
     interest  at  the  bank's base rate plus 2.75-3.75%.    The  shareholders
     of  CCBC have pledged all of the common shares held  by  them  in  CCBC to
     PSGIB as collateral.  As of September 30, 2000, $3.5 million  has  been
     advanced  against  the  loan  agreement.  The loan agreement includes
     certain  restrictive  covenants, as defined in the agreement, the most
     significant of which include, i) CCBC must maintain a debt/equity ratio of
     44:56 after  the first twelve months of operations and a 40:60 debt/equity
     ratio after two years of operations, ii) CCBC must maintain an interest
     coverage ratio of at least 2.0 after the first twelve months of operations,
     iii) CCBC must maintain a debt  service  coverage ratio of at least 1.3 for
     the principal loan and 1.7 for the  working  capital  facility after the
     first twelve months of operations, and iv)  CCBC must maintain a loan life
     coverage ratio of 1.5 for the principal loan and  a  loan  life  coverage
     ratio  of  2.5  for  the working capital facility.

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

     Initial start up costs of the casino, resort hotel and spa have resulted in
     a pre-tax charge of $216,177 and $247,626 against the income for the
     quarter and nine  months  ended  September  30,  2000,  respectively.

     The  Company  believes  it has a controlling financial interest in CCBC and
     has  thus  consolidated  the  financial statements of CCBC with CCA based
     on its interpretation of the provisions of EITF 97-2, Application of FASB
     Statement No. 94  and APB Opinion No. 16 to Physician Practice Management
     Entities and Certain Other  Entities  with  Contractual  Management
     Arrangements.

5.   PRAGUE,  CZECH  REPUBLIC
     In  January  2000,  the Company entered into a memorandum of agreement
     with B.H. Centrum  a.s.,  the  Company's  Czech  Republic  business
     partner  in  Casino Millennium,  located  in  Prague,  Czech  Republic.
     The memorandum of agreement provides  for the two parties to acquire the
     casino from third parties by either a  joint  acquisition  of Casino
     Millennium a.s. or the formation of a new joint venture.  The transaction,
     if  completed, would result in the Company having a 50%  equity  interest
     in Casino Millennium.  Any funding required by the Company to  consummate
     this  transaction would be met through a combination of existing liquidity
     and  anticipated  cash  flow.  The  Company  is  in  the  process  of
     negotiating  a  definitive  purchase  agreement.  As  of September 30,
     2000, the Company's  net  fixed  assets  leased to the Casino Millennium
     approximated $1.1 million  and  management fee income for the nine months
     ended September 30, 2000 was  approximately  $124,000.


                                       11
<PAGE>

6.   REVOLVING  CREDIT  FACILITY

     On April 26, 2000, the Company and Wells Fargo Bank (the "Bank") entered
     into an Amended  and  Restated  Credit  Agreement  (the "Agreement") which
     increased the Company's  aggregate  borrowing  commitment  from  the  Bank
     to $26 million and extended the maturity date to April 2004.  The aggregate
     commitment available to the Company will be reduced quarterly by $722,000
     beginning October 2000 through the  maturity date.  Interest on the
     Agreement is variable based on the interest rate  option  selected  by  the
     Company, plus an applicable margin based on the Company's  leverage  ratio.
     The Agreement also requires a nonusage fee based on the  Company's leverage
     ratio  on  the  unused portion of the commitment.  The consolidated
     weighted average interest rate on all borrowings was 8.74% for the first
     nine  months  of  2000.  The principal balance outstanding under the loan
     agreement as of September 30, 2000 was $12,067,000.  The loan agreement
     includes certain  restrictive  covenants,  the  most significant of which
     include i) WMCK Venture  Corp.,  a  wholly  owned  subsidiary  of  the
     Company, must maintain a maximum  leverage  ratio no greater than 3.10
     to 1.00, ii) WMCK Venture Corp. must  maintain  a minimum interest
     coverage  ratio  no less than 1.50 to 1.00, and iii) WMCK Venture Corp.
     must maintain a TFCC ratio ( a derivative of EBITDA,  as  defined  in
     the  agreement)  of  no  less  than  1.10  to  1.00.

7.   CASINO  CONCESSION  AGREEMENTS

     In  May  2000,  the Company entered into a five-year casino concession
     agreement with  a  cruise  line  for  casino  operations  aboard four
     cruise vessels.  The Company  is  required  to  pay  a  fee  to  the
     owner of the vessels based on a percentage  of gross gaming revenue, as
     defined, in excess of an established per passenger  per  day  amount.
     The  agreement requires the Company to provide all necessary  gaming
     equipment, which management estimates will have a cost of approximately
     $500,000.  On  September  18,  2000,  the  Company  announced the opening
     of  the  first  of  four  casinos  with  55  gaming  positions.

     In  August  2000,  the  Company  entered  into a five-year agreement to
     serve as concessionaire  of  a  small  casino aboard a vessel designed to
     be an exclusive residential  community at  sea.  The Company will operate
     the casino for its own account  and  pay  concession fees based on gross
     gaming revenue, as defined, in excess  of  an  established  per passenger
     per day amount.  The maiden voyage is expected  early  in  2002.

8.   SHAREHOLDERS'  EQUITY

     In  March 2000, the Company retired 1,385,000 shares of its common stock
     held in treasury.  During  the  third  quarter  of 2000, the Company
     repurchased, on the open  market,  an  additional  117,500  shares of its
     common stock at an average price  per  share  of  $1.82.  The Company held
     400,500 shares in treasury as of September  30,  2000.   Subsequent to
     September 30, 2000, the Company purchased, on  the  open market, 52,000
     additional shares of its common stock at an average per share price
     of $1.63.

     In  February  and  April  2000, the Company granted options on 40,000 and
     20,000 shares,  respectively, of the Company's common stock.  The options
     have exercise prices  of $1.00 and $1.75 per share, respectively, and
     exercise periods of five years.

                                       12
<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,  2000  vs.  1999
----------------------------------------------------

Net  operating  revenue  for  the  first  nine  months of 2000 was $19.2 million
compared  with  $17.4 million for the same period in 1999, an increase of 10.2%.
Casino  revenue  for Womacks/Legends Casino increased from $16.9 million in 1999
to  $18.5  million in 2000, or 9.2%.  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 18.1 % through the first nine months of 2000 compared
with  18.5%  a  year earlier.  Womacks/Legends Casino operated 15.3% of the slot
machines  in  the  Cripple  Creek  market  and achieved an average daily win per
machine  of  $107 versus the Cripple Creek average of $88.  Gross margin for the
Company's  casino  activities  increased to 61.2% from 61.0% a year earlier, due
principally  to  more  favorable  gaming  tax rates and continued improvement in
casino operating efficiencies, but was offset by start up cost in Caledon, South
Africa.

Food  and  beverage  revenue  increased  by 30.1% to $912,000 for the first nine
months  of 2000 compared with $701,000 in 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 slightly to $613,000 compared with $627,000
in the prior year.  The decrease in hotel revenue is a result of the termination
of  a  hotel marketing agreement in late 1999 offset by hotel revenues generated
in  Caledon,  South Africa.  The increase in hotel costs are associated with the
operation  of  the  hotel  in  Caledon,  South  Africa.

General  and administrative expense as a percentage of net operating revenue was
29.0%  for  the  first  nine  months  of  2000 compared with 26.4% in 1999.  The
increase  was  primarily  due  to  the writeoff of a noncompete agreement with a
former  officer/director  in  March  2000  and  bonuses  paid  to  certain
officers/directors  relating  to the final payment received in January 2000 from
the  previous  sale  of  the  Company's interest in its Indiana riverboat gaming
license.

                                       13
<PAGE>

Depreciation  expense  increased  to  $1.6  million in the 2000 period from $1.4
million  in  1999,  primarily  due  to  the  addition  of  new  machines  at
Womacks/Legends  Casino  and  Casino  Millennium, which opened in July 1999, and
ongoing  improvements  to  Womacks/Legends  Casino.  Amortization  of  goodwill
remained  unchanged  at  $1.0  million  for  both  periods.

Other  income,  net,  for the first nine months of 2000 consists of $1.4 million
from  the  final payment received in January by the Company from the sale of its
interest  in a riverboat gaming license in Indiana, offset by net interest costs
of  $892,000  and gains on the disposal of fixed assets totaling $44,000.  Other
income,  net,  for  the first nine months of 1999 consists of $1.0 million from
the  payment  received in July 1999 by the Company from the sale of its interest
in  the  riverboat  gaming  license in Indiana, offset primarily by net interest
costs  of  $843,000.

The income tax provisions for the nine months ended September 30, 2000 and 1999,
are  based  on  estimated  full-year  income  for  financial  reporting purposes
adjusted  for  permanent  book-tax  differences,  consisting  primarily  of
nondeductible  goodwill  amortization  resulting  from  the Legends acquisition.

Liquidity and Capital Resources

Cash  and  cash  equivalents totaled $3.3 million at September 30, 2000, and the
Company  had  net  working  capital  of  $796,000.  Additional  liquidity may be
provided  by  the  Company's  revolving credit facility ("RCF") with Wells Fargo
Bank, under which the Company had a total commitment of $26.0 million and unused
borrowing  capacity  of  approximately $13.9 million at September 30, 2000.  For
the  nine months ended September 30, 2000, cash provided by operating activities
was $3.1 million compared with $3.3 million in the prior-year period.  Cash used
by  investing  activities  of  $7.2  million  for  the first nine months of 2000
included  $1.9  million  in  capitalized licensing cost related to the hotel and
casino  resort  in  Caledon, South Africa, $2.0 million for the purchase of land
for  additional  parking in Cripple Creek, $1.8 million towards the construction
of  the  Womacks  Event  Center and the purchase of other fixed assets, and $2.9
million  towards  construction  of the hotel and casino resort in Caledon, South
Africa,  offset  by  $1.4  million from the sale of the Company's interest in an
Indiana riverboat gaming license.  Cash provided by financing activities for the
first  nine months of 2000 consisted of net borrowings of $2.9 million under the
RCF  with  Wells  Fargo, and $3.5 million borrowed under the loan agreement with
PSG,  offset  by  the  repurchase of company's stock, on the open market, with a
cost  of  $713,000,  and  other  net  payments  of  $800,000.

Effective  April  26,  2000,  the  Company  and Wells Fargo Bank entered into an
amended  and restated credit agreement, which increased the borrowing commitment
as  of  that  date from $17.2 million to $26.0 million and extended the maturity
date  of  the RCF until April 2004.  The agreement provides for the availability
of funds, not to exceed a total of $10.5 million, for the Company's South Africa
and  Casino Millennium investments and repurchase of the Company's common stock.

On  April  13,  2000,  the Caledon Casino Bid Company (Pty) Limited ("CCBC") was
awarded  a  gaming  license  for  a  casino at a 92-room resort hotel and spa in
Caledon,  province  of  the  Western Cape, South Africa.  On April 17, 2000, the
Company's  subsidiary,  Century Casinos Africa (Pty) Ltd ("CCA"), acquired a 50%
equity  interest  in  CCBC  by making an equity investment of approximately $1.5
million in and loans totaling approximately $2.3 million to CCBC with borrowings
obtained  under the Company's RCF.  The Company has a ten-year casino management
agreement with CCBC, which agreement may be extended at the Company's option for
multiple  ten-year  periods.  The  Company  will  earn  management fees based on
percentages of annual gaming revenue and earnings before interest, income taxes,
depreciation,  amortization  and  certain  other  costs.  The  casino  opened on
October  11,  2000  with 250 slot machines and 14 gaming tables.  In addition to
the  casino  license,  hotel and spa, CCBC owns approximately 600 acres of land,
which  is  expected  to be used for future expansion of the Caledon project.  In
April 2000, CCBC entered into a loan agreement with PSG Investment Bank Limited,
which  agreement  provides for a principal loan of approximately $6.2 million to
fund  development  of  the  Caledon  project  and  a working capital facility of
approximately  $2.1  million.  As  of  September 30, 2000, $3.5 million has been
advanced  against  the  loan  agreement.

                                       14
<PAGE>

The  Company  has  a  20-year  agreement  with  Casino  Millennium a.s., a Czech
company,  to  operate a casino in the five-star Marriott Hotel, in Prague, Czech
Republic.  The  hotel  and  casino  opened  in  July 1999.  The Company provides
casino  management  services  in  exchange for ten percent of the casino's gross
revenue and leases gaming equipment, with an original cost of approximately $1.3
million, to the casino for 45% of the casino's net profit.  In January 2000, the
Company  entered  into  a  memorandum  of  agreement with B. H. Centrum, a Czech
company  which  owns the hotel and casino facility, to acquire the operations of
the  casino  by  either  a  joint  acquisition  of Casino Millennium a.s. or the
formation  of  a new joint venture.  The transaction, if completed, would result
in  the  Company having a 50% equity interest in Casino Millennium.  Any funding
required  by  the  Company to consummate this transaction would be met through a
combination  of  RCF  borrowings,  existing liquidity and anticipated cash flow.
The  Company  is  in the process of negotiating a definitive purchase agreement.

In  May  2000,  the Company entered into a five-year casino concession agreement
with  a  cruise  line  for  casino  operations  aboard four cruise vessels.  The
Company  is  required  to  pay  a  fee  to  the  owner of the vessels based on a
percentage  of gross gaming revenue, as defined, in excess of an established per
passenger  per  day  amount.  In August 2000, the Company entered into a similar
agreement  to serve as concessionaire of a small casino aboard a vessel designed
to  be  an  exclusive residential community at sea.  Both agreements require the
Company  to  provide  all  necessary gaming equipment, the majority of which the
Company  expects to purchase during the second half of 2000 at an estimated cost
of  approximately  $500,000.  On  September  18,  2000 the Company announced the
opening  of  the  first of four casinos aboard the cruise vessels with 55 gaming
positions.

The  Company's  Board  of  Directors  has  approved  a  discretionary program to
repurchase  up  to  $5  million  of the Company's outstanding common stock.  The
Board  believes that the Company's stock is undervalued in the trading market in
relation  to  both  its present operations and its future prospects.  During the
first nine months of 2000, the Company purchased 400,500 additional shares at an
average  cost  per  share of $1.78.  Beginning in 1998 and through September 30,
2000, the Company has repurchased a total of 1,785,500 shares at a total cost of
approximately  $2,176,000.  In  October  2000,  the  Company  repurchased  an
additional  52,000  shares at a total cost of approximately $85,000.  Management
plans  to retire all treasury shares on a periodic basis.  Management expects to
continue to review the market price of the Company's stock and repurchase shares
as  appropriate,  with  funds coming from existing liquidity or borrowings under
the  RCF.

The  Company  is the contracted casino management partner with and has the right
to  a  minority  equity  interest in Silverstar Development Ltd. ("Silverstar").
Silverstar has submitted an application for a proposed $60 million, hotel/casino
resort  development  in  the  greater Johannesburg area of South Africa.  In the
event  that  Silverstar  is  awarded a license, the Company would be required to
make  an  equity  investment  of  approximately  $1.5  million.  This  funding
requirement would be met through borrowings under the RCF.  The Company has also
projected additional development costs of up to $500,000 which could be incurred
by the Company related to this project.  At the present time, however, there can
be  no  certainty regarding an award of this gaming license or that this license
will  ultimately  be  awarded  to  Silverstar.

Management believes that the Company's cash and working capital at September 30,
2000,  together  with expected cash flows from operations and borrowing capacity
under  the RCF, will be sufficient to fund its anticipated capital expenditures,
pursue  additional business growth opportunities for the foreseeable future, and
satisfy  its  debt  repayment  obligations.


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

                                       15
<PAGE>
PART  II

OTHER  INFORMATION

Item  1.  -  Legal  Proceedings
             The  Company  is  not  a party to, nor is it aware of,
             any pending or threatened litigation  which, in
             management's opinion, could have a material adverse effect
             on  the  Company's  financial  position  or  results  of
             operations.
Item  6.  -  Exhibits  and  Reports  on  Form  8-K

             (a)  Exhibits  -  The  following  exhibits  are  filed  herewith:
                  27     Financial  Data  Schedule

             (b)  Reports  on  Form  8-K:
                  No  reports  on Form 8-K were filed during the quarter ended
                  September 30, 2000.
                                  * * * * * * *
SIGNATURES:

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

CENTURY  CASINOS,  INC.

/s/  Larry  Hannappel
___________________________
Larry  Hannappel
Chief  Accounting  Officer  and  duly  authorized  officer

Date:  October  24,  2000

                                       16
<PAGE>