Exhibit 10.151


    SECURED
      PROMISSORY NOTE

    


    
      	
              $4,500,000.00

            	
              August
                2, 2005

            


    

    


    FOR
      VALUE
      RECEIVED, the undersigned, CENTURY CASINOS, INC., a Delaware corporation
      ("Borrower"), promises to pay to the order of DAVID R. BELDING ("Lender")
      c/o Hacienda Hotel, U.S. Highway 93, Boulder City, Nevada 89005, or at such
      other place as the legal holder of this Secured Promissory Note (the "DRB Note")
      shall designate in writing, in coin or currency which at the time or times
      of
      payment shall be legal tender for the payment of public and private debts in
      the
      United States of America, the principal sum of Four Million Five Hundred
      Thousand Dollars ($4,500,000.00) together with interest thereon in the amount
      of
      Two Thousand Fifty-Four Dollars and Seventy-Nine Cents ($2,054.79) per day
      (the
      "Note Rate"), accruing from the date the Net Principal Amount, as defined below,
      is transferred by Lender in accordance with Section 1(b) below (the
      "Funding Date") and continuing until the entire principal amount has been paid
      in full. In the event of a partial principal reduction, the amount of interest
      accruing on a daily basis shall be proportionately reduced. 

    


    THE
      ENTIRE UNPAID PRINCIPAL BALANCE HEREUNDER PLUS ALL INTEREST WHICH IS THEN
      ACCRUED HEREUNDER AND REMAINS UNPAID SHALL BE PAID IN FULL ON OR BEFORE AUGUST
      2, 2007 (THE "MATURITY DATE"). 

    


    IN
      ADDITION TO THE FOREGOING, THIS DRB NOTE SHALL BE SUBJECT TO THE FOLLOWING
      TERMS
      AND CONDITIONS:

    


    1. Loan
      Fee, Funding and Prepayment Fee.

    


    (a) In
      consideration of Lender's funding of the loan transaction which is evidenced
      by
      this DRB Note (the "DRB Loan"), Borrower shall pay Lender a non-refundable
      loan
      fee on the Funding Date in the amount of One Hundred Eighty Thousand Dollars
      ($180,000.00) (the "Loan Fee"). The Loan Fee shall be deemed fully earned upon
      occurrence of the Funding Date.

    


    (b) The
      principal amount of the DRB Loan shall be disbursed on the Closing Date (as
      defined by Section 10 below) as follows:

    


    
      	 	 	
              (i)

            	
              Lender
                shall deduct the Loan Fee from the principal amount of the DRB Loan
                and
                the remaining balance of Four Million Three Hundred Twenty Thousand
                Dollars ($4,320,000.00) (the "Net Principal Amount") shall be delivered
                on
                the Funding Date to Borrower c/o the escrow created for the purpose
                of
                closing the DRB Loan, via wire transfer, pursuant to written wiring
                instructions which have been provided to Lender by Borrower;
                and

            


    

    


    
      	 	 	 	
              (ii)

            	
              The
                proceeds of the DRB Loan shall be used by Borrower to fund a subordinated
                term loan (the "Subordinated Loan") to be advanced by Borrower to
                CC
                Tollgate LLC, a Colorado limited liability company ("Tollgate") in
                order
                to finance a portion of the costs of the construction of a casino,
                hotel
                and parking structure (collectively, the "Construction Project")
                to-be-built by Tollgate. The Subordinated Loan shall be secured by
                a real
                estate lien and personal property security interest on, and in, all
                assets
                of Tollgate (collectively, the "Century Casinos Lien"). The Century
                Casinos Lien shall be a second priority lien, subject only to the
                lien(s)
                and security interest(s) securing a loan made by Colorado Business
                Bank to
                Tollgate in the original principal amount of Five Million Dollars
                ($5,000,000.00) (the "Colorado Bank Loan"). The documentation setting
                forth the terms and conditions of the Colorado Bank Loan shall be
                subject
                to review and approval by Lender. Borrower intends to refinance the
                Colorado Bank Loan and to finance the remaining portion of the costs
                of
                constructing and developing the Construction Project through a proposed
                senior secured construction and term loan facility in the principal
                amount
                of Thirty Two Million Five Hundred Thousand Dollars ($32,500,000.00)
                (the
                "C/T Facility") and a senior secured revolving credit facility (the
                "Revolving Facility" and together with the C/T Facility, collectively
                the
                "WFB Bank Facilities") to be funded by a syndication of banks and
                financial institutions as the lenders and Wells Fargo Bank, National
                Association as the administrative and collateral agent ("WFB
                Agent").

            


    

    


    
      	 	 	 	 	
              Concurrently
                with the closing of the WFB Bank Facilities, Borrower agrees and
                Lender by
                accepting this instrument and funding the DRB Loan shall be deemed
                to have
                agreed to each to execute and deliver to the WFB Agent any documents
                and
                instruments deemed reasonably necessary by the WFB Agent to confirm
                the
                subordination of the Subordinated Loan and Century Casinos Lien to
                the WFB
                Bank Facilities, including, without limitation, the prohibition of
                the
                right to receive any payments of principal or interest on the Subordinated
                Loan and the waiver of all enforcement rights under the Subordinated
                Loan
                and Century Casinos Lien until the WFB Bank Facilities have been
                full
                repaid and terminated.

            


    

    


    Borrower
      agrees that the DRB Loan shall be fully funded upon disbursement of the Net
      Principal Amount in accordance herewith.

    


    (c) During
      the period commencing on the Funding Date, and ending on the 182nd
      day
      following the Funding Date (the "Guaranteed Interest Period"), Borrower shall
      not be entitled to prepay any portion of the principal balance under this DRB
      Note unless such payment (a "Principal Prepayment") is accompanied by an
      additional payment (a "Guaranteed Interest Payment") in an amount which is
      equal
      to the difference between the actual interest accrued to the date of such
      Principal Prepayment and the interest that would accrue on such Principal
      Prepayment for 183 consecutive days. Any payment which Borrower is required
      to
      make during the Guaranteed Interest Period by reason of the occurrence of an
      Event of Default and an Acceleration under Section 5 of this DRB Note,
      shall constitute a Principal Prepayment which must be accompanied by a
      Guaranteed Interest Payment in an amount determined in accordance with this
      Subsection 1(c). Provided,
      however, that in the event (X) Lender is called forward by the Colorado Gaming
      Authorities for a showing of suitability or otherwise in connection with the
      DRB
      Loan: (a) Lender may elect to not go forward and upon such election
      by
      Lender, Borrower shall have the right to fully pay the DRB Loan without regard
      to the Guaranteed Interest Payment set forth above, or (b) if Lender
      consents to go forward but Borrower reasonably believes that the costs of going
      forward with such proceeding will exceed Ten Thousand Dollars ($10,000.00),
      or
      (Y) Borrower fails to complete the Documentary Conditions Precedent
      to
      Closing on or before 10:00 a.m. on August 12, 2005, to the consequence that
      the
      proceeds of the DRB Loan are returned to Lender, then in each of the case of
      (X)(a), (X)(b) or (Y) above, Borrower shall have the right to pay the DRB Loan
      in full without regard to the Guaranteed Interest Payment. In no event shall
      Lender be obligated to incur any costs or expenses in connection with any
      requirements of the Colorado Gaming Authorities regarding a showing of
      suitability or otherwise in connection with the DRB Loan or any of the security
      interests securing repayment of the DRB Loan . 

    


    (d) Borrower
      shall not have the right to reborrow any amounts so prepaid or
      repaid.

    


    2. Security.

    


          
      (a) The
      payment and performance of the DRB Loan shall be secured by pledge agreements,
      a
      security agreement, financing statements and related instruments more
      particularly described as items (1) through (13) on Schedule I affixed hereto
      and by this reference incorporated herein and made a part hereof (collectively,
      the "Security Documentation") to be executed by Borrower in favor of Lender
      for
      the purpose of creating and perfecting security interests in each of the
      following (collectively, the "Collateral"):

     

                    (i) A
      pledge
      and security interest (the "CCTI Stock Pledge") in all of Borrower's ownership
      interests in Century Casinos Tollgate, Inc., a Delaware corporation ("CCTI")
      consisting of 100% of the issued and outstanding common voting stock of CCTI,
      shall be granted by Borrower in favor of Lender (any requirements imposed by
      the
      Colorado gaming authorities as a condition of such pledge shall be acceptable
      to
      Lender, and Borrower shall be responsible for all costs incurred by Lender
      in
      complying with such requirements including, without limitation, travel expenses
      incurred by him or his representatives); and

     

     
(ii) A
      pledge
      and security interest (the "Tollgate Membership Pledge") in all of CCTI's equity
      and membership interests in Tollgate (the "Tollgate Membership Interest"),
      to be
      a minimum of a 65% ownership interest, shall be granted by CCTI in favor of
      Lender (any requirements imposed by the Colorado gaming authorities as a
      condition of such pledge shall be acceptable to Lender, and Borrower shall
      be
      responsible for all costs incurred by Lender in complying with such requirements
      including, without limitation, travel expenses incurred by him or his
      representatives); and

     

         
(iii) The
      promissory note and each other loan document evidencing the Subordinated Loan,
      together with all documents and instruments securing repayment of the
      Subordinated Loan (collectively, the "Subordinated Loan Documents") shall be
      collaterally assigned and pledged and a security interest perfected in favor
      of
      Lender (the "Subloan Security Interest"), including, without limitation,
      delivery of the original promissory note evidencing the Subordinated Loan.
      The
      Subordinated Loan Documents shall be subject to review and approval by
      Lender.

    


    3. Representations,
      Warranties and Covenants.
      To
      induce Lender to make the DRB Loan, Borrower makes the following
      representations, warranties and covenants which shall be deemed to be continuing
      representa-tions, warranties and covenants until payment in full of all amounts
      due and owing under this DRB Note:

    


    (a) Each
      of
      Borrower and CCTI is a corporation duly organized and validly existing under
      the
      laws of the State of Delaware and has all requisite power, authority and legal
      right to execute and deliver this DRB Note, the Security Documentation and
      any
      other document, agreement or certificate to which it is a party, or to which
      it
      is bound in connection with the DRB Loan. Borrower has taken all necessary
      action to authorize the execution, delivery and performance of this DRB Note,
      CCTI Stock Pledge, Subloan Security Interest and of each other document to
      which
      Borrower is a party or by which Borrower is bound in connection herewith. CCTI
      has taken all necessary action to authorize the execution, delivery and
      performance of the Tollgate Membership Pledge and of each other document to
      which CCTI is a party or by which CCTI is bound in connection
      herewith.

    


    (b) CC
      Tollgate LLC, is a limited liability company duly organized and validly existing
      under the laws of the State of Delaware. CCTI holds a 65% ownership/membership
      interest in Tollgate and is the sole manager of Tollgate and
      is
      entitled to execute and deliver all documents and instruments on behalf of
      Tollgate which may be required as a condition of the Subordinated Loan, and
      to
      perform and to take all other actions on behalf of Tollgate which may be
      necessary or advisable in connection with the Subordinated Loan, all without
      the
      consent of any other party (other than such consents which have been obtained
      as
      of the date hereof).

    


    (c) A
      true
      and correct copy of the Certificate of Formation of Tollgate and of the Limited
      Liability Company Agreement of CC Tollgate LLC dated as of October 12, 2004,
      as
      amended by First Amendment to Limited Liability Company Agreement dated March
      21, 2005 (collectively, the "Tollgate Operating Agreement") have been delivered
      to Lender. The Certificate of Formation and Tollgate Operating Agreement set
      forth the entire understanding between the members of Tollgate with respect
      to
      the ownership, management and other matters set forth therein and have not
      been
      modified, supplemented or amended in any way other than as specifically
      described above.

    


    (d) CCTI
      is a
      wholly owned subsidiary of Borrower. Borrower shall not and shall not permit
      CCTI to (i) modify or amend the Tollgate Operating Agreement without the prior
      written consent of Lender, or (ii) make any "Transfer", as defined in the
      Tollgate Operating Agreement, other than the pledge of the Tollgate Membership
      Interest in favor of Lender.

    


    (e) Neither
      this DRB Note, the Tollgate Membership Pledge, the CCTI Stock Pledge, the
      Subloan Security Interest nor any other document to which either Borrower or
      CCTI is a party (or by which Borrower or CCTI is bound) in connection herewith
      (collectively, the "Loan Documents") is prevented by, limited by, conflicts
      in
      any material respect with, or will result in a material breach of, violation
      of,
      or a material default (with due notice or lapse of time, or both) under, or
      the
      creation or imposition of any lien, charge or encumbrance of any nature
      whatsoever upon any of Borrower's or CCTI's, as the case may be, property or
      assets by virtue of the terms, conditions or provisions of: (i) any indenture,
      evidence of indebtedness, loan or financing agreement, or other agreement or
      instrument of whatever nature to which Borrower or CCTI is a party or by which
      Borrower or CCTI is bound that has not consented to the transactions
      contemplated by this DRB Note, or (ii) any provision of any existing
      law,
      rule, regulation, order, writ, injunction or decree of any court or governmental
      authority to which Borrower or CCTI is subject.

    


    (f) This
      DRB
      Note, the Tollgate Membership Pledge, the CCTI Stock Pledge, the Subloan
      Security Interest and the other Loan Documents will constitute legal, valid
      and
      binding obligations of Borrower and CCTI, as applicable, enforceable against
      Borrower and CCTI as applicable in accordance with their respective terms.
      Borrower and CCTI are the owners of the Collateral, without exception or
      condition of title, other than the conditions imposed by the Loan Documents.
      

    


    (g) All
      timely consents, approvals, orders or authorizations of, or registrations,
      declarations, notices or filings with any governmental authority (or judicial
      proceeding), which may be required in connection with the valid execution and
      delivery of this DRB Note, the Tollgate Membership Pledge, the CCTI Stock
      Pledge, the Subloan Security Interest and the other Loan Documents, and the
      performance of any of the obligations hereunder, or there-under, have been
      obtained or accomplished, or will be obtained or accomplished as and when due,
      or are in full force and effect.

    


    (h) None
      of
      Borrower, Tollgate or CCTI is in violation of or in default with respect to
      any
      applicable laws and/or regulations which materially and adversely affect its
      respective business, financial condition or properties. None of Borrower,
      Tollgate or CCTI are in violation or default in any material and adverse respect
      under any inden-ture, evidence of Indebtedness, loan or financing agreement
      or
      other agreement or instrument of whatever nature to which they, or any of them,
      is a party or by which they, or any of them, is bound, a default under which
      might have consequences that would materially adversely affect its business,
      financial condition, properties or operations.

    


     (i) Borrower
      shall reimburse Lender for all attorneys' fees of Henderson & Morgan,
      LLC, recording fees, escrow costs and similar costs incurred in connection
      with
      the preparation of Loan Documents. 

    


    4. Events
      of Default.
      The
      occurrence of any of the following events and the passage of any applicable
      notice and cure periods shall consti-tute an "Event of Default"
      here-under:

    


    (a) Any
      representation or warranty made by Borrower or CCTI in Section 3 of
      this
      DRB Note, or in the Tollgate Membership Pledge, or the CCTI Stock Pledge or
      in
      the Subloan Security Interest or in any of the other Loan Documents, or
      otherwise in connection with this DRB Loan shall prove to be false, incorrect
      in
      any material respect as of the date when made, or shall hereafter become false
      or incorrect in any material respect;

    


    (b) Borrower
      shall have failed to pay the accrued interest and/or principal on or before
      the
      tenth (10th)
      day
      following the date upon which such payment is due;

    


    (c) Borrower
      shall fail duly and punctually to perform or comply with any term, covenant,
      condition or promise contained in this DRB Note or any other Loan Document
      and
      such failure shall continue ten (10) days after written notice thereof is
      delivered to Borrower by Lender or his attorneys of such failure;

    


    (d) Borrower
      or CCTI shall commence a voluntary case or other proceeding seeking liquidation,
      re-organization or other relief with respect to its debts under the Bankruptcy
      Code or any bankruptcy, insolvency or other similar law now or hereafter in
      effect or seeking the appointment of a trustee, receiver, liquidator, custodian
      or other similar official, for any substantial part of its property, or shall
      consent to any such relief or to the appointment or taking possession by any
      such official in any involuntary case or other pro-ceeding commenced against
      it;

    


    (e) An
      involuntary case or other proceeding shall be commenced against Borrower or
      CCTI
      seeking liquidation, reorganiza-tion or other relief with respect to its debts
      under the Bankruptcy Code or any bankruptcy, insolvency or other similar law
      now
      or hereafter in effect or seeking the appointment of a trustee, receiver,
      liquidator, custodian or other similar official, for any substantial part of
      its
      property;

    


    (f) Borrower
      or CCTI shall make an assignment for the benefit of its creditors or admit
      in
      writing its inability to pay its debts generally as they become
      due;

    


    (g) Any
      of
      the Security Documentation or any provision thereof: (i) shall cease
      to be
      in full force and effect in any material respect, or (ii) shall cease to give
      the Lender in any material respect the liens, rights, powers and privileges
      purported to be created thereby, or (iii) the Borrower shall default
      in the
      due performance or observance of any term, covenant or agreement on its part
      to
      be performed or observed pursuant to the Security Documentation for a period
      of
      ten (10) days after written notice thereof is delivered to Borrower by Lender
      or
      his attorneys of such failure (or such shorter period following such notice
      as
      may be specifically required in any Loan Document); or Borrower shall repudiate,
      revoke or terminate any of the Loan Documents prior to the full payment of
      the
      DRB Loan;

    


    (h) Tollgate
      shall have defaulted beyond any applicable grace period under the Colorado
      Bank
      Loan or the WFB Bank Facilities;

    


    (i) Borrower
      shall fail to satisfy any obligation which it may have to make payments to
      Lender under any Loan Document (a "Monetary Obligation"), other than the payment
      of principal, interest or late charges and shall fail to satisfy such
      obligations within ten (10) days after written notice of such failure from
      Lender;

    


    (j) Borrower
      shall fail to satisfy any material obligation (other than a Monetary Obligation)
      which it may have under any of the Loan Documents and shall fail to satisfy
      such
      obligations within thirty (30) days after written notice of such failure from
      Lender; 

    


    (k) Borrower
      shall fail to pay when due in accordance with its terms and provisions any
      material indebt-edness (indebtedness in excess of One Hundred Thousand Dollars
      ($100,000.00) being deemed material) of Borrower which failure continues for
      thirty (30) days beyond the period of grace, if any, therefor, unless such
      failure is cured or waived or contested in good faith and as to which adequate
      reserves (determined in accordance with GAAP) have been provided;

    


    (l) Borrower
      shall hold less than 100% of the issued and outstanding common voting stock
      of
      CCTI; or

    


    (m) CCTI
      shall have less than a 65% Membership Interest in Tollgate or CCTI shall make
      any "Transfer" as defined in the Tollgate Operating Agreement, other than in
      favor of Lender, without the prior written consent of Lender.

    


    5. Acceleration
      and Default Rate.
      Borrower promises and agrees that if any Event of Default (as defined above)
      shall occur, and so long as said Event of Default is continuing: (i) the whole
      sum of principal and interest on this DRB Note which shall then remain unpaid
      shall, at the option of the Lender, become immediately due and payable although
      the time of maturity as expressed herein shall not have arrived (an
      "Acceleration") (except that, with respect to Events of Default under
      Subsec-tions 4(d), 4(e) or 4(f) of this DRB Note, said Acceleration
      shall
      be automatic); and (ii) the total of the unpaid balance of principal
      and
      the then accrued unpaid interest and any unpaid late charges shall, at the
      option of Lender, collectively commence accruing interest at a rate equal to
      the
      Note Rate plus five percent (5%) per annum on the unpaid principal balance
      to be
      added to such Note Rate until such time as such Event(s) of Default have been
      cured, at which time the interest rate shall revert to the Note
      Rate.

    


    6. Costs
      and Attorneys' Fees.
      In the
      event of the occurrence of an Event of Default, the undersigned agrees to pay
      all costs of collection, including a reasonable attorney's fee, in addition
      to
      and at the time of the payment of such sum of money and/or the performance
      of
      such acts as may be required to cure such default. In the event legal action
      is
      commenced for the collection of any sums owing hereunder the undersigned agrees
      that any judgment issued as a consequence of such action against Borrower shall
      bear interest at a rate equal to the Note Rate plus five percent (5%) per annum
      on the unpaid principal balance to be added to such Note Rate until fully
      paid.

    


    7. Late
      Charges.
      If any
      payment due hereunder (including, without limitation, the payment due on the
      Maturity Date) is not paid within ten (10) days from the day it becomes due,
      the
      undersigned promises to pay a late charge or collection charge in the amount
      of
      five percent (5%) of the amount of the payment not so paid.

    


    8. Application
      of Payments.
      All
      payments which are made, and proceeds which are received, hereunder shall be
      applied as follows:

    


    (a) First,
      towards complete satisfaction of any costs and attorneys' fees which may be
      payable pursuant to Section 6 of this DRB Note;

    


    (b) Second,
      towards complete satisfaction of any late charges which may be payable pursuant
      to Section 7 of this DRB Note;

    


    (c) Third,
      towards complete satisfaction of any other amounts due hereunder, or under
      any
      other Loan Document (other than principal and interest hereunder);

    


    (d) Fourth,
      towards complete satisfaction of any accrued interest which may be unpaid under
      this DRB Note; and

    


    (e) Thereafter,
      towards satisfaction of the unpaid principal amount under this DRB
      Note.

    


    9. Waivers.
      

    


    (a) Borrower
      waives presentment, demand, protest and notice of non-payment.

    


    (b) For
      the
      purpose of complying with NRS 99.050, Borrower hereby declares its understanding
      that the terms and conditions of this DRB Note will, under certain
      circumstances, result in a compounding of interest which compounding is agreed
      to by Borrower as part of the terms of this DRB Note.

    


    10. Closing
      Date.
      All
      references herein to the "Closing Date" shall be to the business day following
      the date upon which Borrower has delivered or caused to be delivered to Lender,
      c/o Henderson & Morgan, LLC at the address set forth in Paragraph 11(c)
      hereinbelow on or before 2:00 p.m., Reno, Nevada, time, each of the items
      described on Schedule I, affixed hereto and by this reference incorporated
      herein and made a part hereof, setting forth the Documentary Conditions
      Precedent to Closing. 

    


    11. Miscellaneous.

    


    (a) Nothing
      herein contained shall impose upon Lender any obligation to enforce any terms,
      covenants or conditions contained herein. Failure of Lender in any one or more
      instances, to insist upon strict performance by Borrower of any terms, covenants
      or conditions of this DRB Note shall not be considered or taken as a waiver
      or
      relinquishment by Lender of his right to insist upon and to enforce in the
      future, by injunction or other appropriate legal or equitable remedy, strict
      compliance by Borrower with all the terms, covenants and conditions of this
      DRB
      Note. The consent of Lender to any act or omission by Borrower shall not be
      construed to be a consent to any other or subsequent act or omission or to
      waive
      the requirement for Lender's consent to be obtained in any future or other
      instance.

    


    (b) All
      of
      the terms, covenants, warranties and conditions contained in this DRB Note
      shall
      be binding upon and inure to the parties hereto and their successors and
      assigns. Provided, however, that (i) Borrower may not assign its rights
      hereunder or any interest herein without the prior written consent of Lender,
      and (ii) Lender may not assign his rights hereunder or any interest
      herein
      except to an Eligible Assignee. "Eligible Assignee" as used herein shall mean
      (i) any entity owned by Lender or in which Lender holds a controlling
      interest, (ii) any intervivos trust or other estate planning trust created
      for the benefit of Lender's children or other heirs, (iii) any commercial bank
      or recognized financial institution that is organized under the Laws of the
      United States of America, any State thereof or the District of Columbia, or
      (iv)
      any individual or business entity organized under the laws of the United States
      of America, any State thereof or the District of Columbia, in any case of which
      no finding of unsuitability has been made or determined by any Colorado Gaming
      Authority or the gaming authorities of any other States of the United States
      of
      America.

    


    (c) All
      notices, requests, reports, information or demand which any party hereto may
      desire or may be required to give to any other party hereunder, shall be in
      writing and shall be sent by facsimile or first-class certified or registered
      United States mail, postage prepaid, return receipt requested, and sent to
      the
      party at its address appearing below or such other address as any party shall
      hereafter inform the other party hereto by written notice given as
      aforesaid:

    


    If
      to
      Borrower:                     
      Century Casinos, Inc.

    1263
      Lake Plaza Drive

    Colorado
      Springs, CO 80906

    Attention:
      Larry Hannappel, Senior Vice President

    Facsimile:
      (810) 816-1642 

    


    With
      a copy
      to:                   
      Douglas R. Wright 

    Faegre
      & Benson LLP

    1700
      Lincoln Street, Ste. 3200 

    Denver,
      CO 80203

    Facsimile
      No. (303) 607-3600

    


    If
      to
      Lender:                         
      David R. Belding

                            c/o
      Hacienda Hotel

    U.S.
      Highway 93

    Boulder
      City, NV 89005

    Facsimile
      No. (702) 293-7392

    


    With
      a copy
      to:                   
      Bruce Hampton

    Hacienda
      Hotel

    U.S.
      Highway 93

    Boulder
      City, NV 89005

    Facsimile
      No. (702) 293-7392

    


    and    Timothy
      J. Henderson

    Henderson
      & Morgan, LLC

    4600
      Kietzke Lane, Suite K228

    Reno,
      NV
      89502

    Facsimile
      No. (775) 825-7738

     

    All
      notices, payments, requests, reports, information or demands so given shall
      be
      deemed effective on the first business day after transmission by industry
      standard facsimile machine, provided actual receipt of the transmission is
      confirmed by telephone, or, if mailed, upon receipt or the expiration of the
      fifth (5th) day following the date of mailing, whichever occurs first, except
      that any notice of change of address shall be effective only upon receipt by
      the
      party to whom said notice is addressed.

    


    (d) None
      of
      the rights, powers and remedies conferred upon or reserved to Lender in this
      DRB
      Note are intended to be exclusive of any other available right, power or remedy,
      but each and every such right, power and remedy shall be cumulative and not
      alternative, and shall be in addition to every right, power and remedy herein
      specifically given or now or hereafter existing at law, in equity or by statute.
      Any forbearance, delay or omission by Lender in the exercise of any right,
      power
      or remedy shall not impair any such right, power or remedy or be considered
      or
      taken as a waiver or relinquishment of the right to insist upon and to enforce
      in the future, by injunction or other appropriate legal or equitable remedy,
      any
      of said rights, powers and remedies given to Lender herein. The exercise of
      any
      right or partial exercise thereof by Lender shall not preclude the further
      exercise thereof and the same shall continue in full force and effect until
      specifically waived by an instrument in writing executed by Lender, as the
      case
      may be.

    


    (e) All
      agree-ments, representations and warranties made herein shall survive the
      execution and delivery of the DRB Note.

    


    (f) Time
      shall be of the essence of this DRB Note.

    


    (g) This
      DRB
      Note is in all respects to be governed by the laws of the State of Nevada and
      if
      any action is taken to enforce the terms of this DRB Note such action shall
      be
      commenced and maintained within the State of Nevada, save and except for the
      enforcement of the Security Documentation to the extent such enforcement may,
      at
      the election of Lender be commenced and maintained in the State of
      Colorado.

    


    (h) In
      no
      event shall Lender be deemed or construed to be joint venturer or partner of
      Borrower.

    


    (i) In
      the
      event any one or more of the provisions contained in this DRB Note shall be
      invalid, illegal or unenforceable in any respect, the validity, legality and
      enforceability of the remaining provisions contained herein shall not in any
      way
      be affected or impaired thereby.

    


    (j) If
      any
      action or proceeding is brought by any party against any other party under
      this
      DRB Note, the prevailing party shall be entitled to recover such costs and
      attorney's fees as the court in such action or proceeding may adjudge
      reasonable.

    


    IN
      WITNESS WHEREOF, this Secured Promissory Note has been executed as of the date
      first hereinabove written.

    


    
      	 	
              BORROWER:

               

              CENTURY
                CASINOS, INC.,

              a
                Delaware corporation

              By:
                /s/ Larry Hannappel 

               

              _______________  

              Larry
                Hannappel, 

              Senior
                Vice President