AMENDMENT  TO
LOAN  AGREEMENT

BETWEEN

CENTURY  CASINOS  AFRICA  (PROPRIETARY)  LIMITED
("CENTURY")

AND

CENTURY  CASINOS  CALEDON  (PROPRIETARY)  LIMITED  -  (FORMERLY  KNOWN  AS
CALEDON  CASINO  BID  COMPANY  (PROPRIETARY)  LIMITED)
("CCAL")  OR  ("BORROWER")

AND

CALEDON  OVERBERG  INVESTMENTS  (PROPRIETARY)  LIMITED
("COIL")

AND

CENTURY  CASINOS  INC.
("CCI")  OR  ("CENTURY  INC.")



Preamble
The  parties to this agreement entered into a Loan Agreement dated 31 March 2000
("the  Loan  Agreement")  in  terms  of  which the Borrower, borrowed money from
Century  and  COIL  on  terms  as  contained  in  that  agreement.

It  is  the  intention  of  the  parties to amend the Loan Agreement as provided
hereunder.


Definitions
Unless the context of this agreement otherwise clearly provides, all expressions
shall  bear  the  meanings  assigned  to  them  in  the  Loan  Agreement.


Interest
Clause  5 of the Loan Agreement shall be deleted in its entirety and is replaced
with  a  similarly  numbered  new  Clause  5,  which  shall  read  as  follows;

    "5    Interest

    5.1   The  capital outstanding from time to time (together with all
          interest that may have accrued thereon from time to time) shall
          bear interest, as from the advance dates to the date of actual
          repayment in full, at such interest rate as

          5.1.1 does not exceed the prime rate plus 3% (Three per
                cent) unless otherwise agreed between the parties to this
                agreement; and

          5.1.2 does not under any circumstance exceed the prime rate
                plus 10% (Ten per cent); and

                                        1


          5.1.3 may be 0% (Zero per cent) should the Lenders elect to charge
                no interest upon the loan balances outstanding from
                time to time.

    5.2   The  interest  referred  to  in  5.1  shall  -

          5.2.1 be calculated monthly in arrear on the capital amount and
                all previously accrued interest outstanding as at; and

          5.2.2 to the extent not paid in terms of Clause 6.1.1, be
                capitalised and compounded monthly in arrear on,

          the last day of each and every calendar month commencing
          with the month in which the advance date falls.

    5.3   With  effect from the commencement of the advances and until
          no earlier than January 1, 2002, no interest shall be accrued
          or paid on the capital outstanding from time to time.

    5.4   On or after January 1, 2002, each of COIL and CCA shall
          independently have the right to require that the rate of
          interest applicable to their respective loan be adjusted to
          that provided for in paragraph 5 of the Loan Agreement
          subject to any restrictions that may be applicable in
          accordance with the third party financing agreements
          (including those with PSG Investment Bank) entered into
          variously by the parties and CCAL.

    5.5   Any Lender electing to have the rate of interest adjusted in terms of
          5.4 above shall do so by written notification to the other
          parties to this agreement which notice shall,

          5.5.1 state from which date (the "election date") the interest
                rate adjustment shall be applicable; and

          5.5.2 not be given earlier than the first day of the
                financial year within which the election date falls; and

          5.5.3 not be given later than 30 days after the end of the
                financial year within which the election date falls.




Signed  at  Capetown                on  20  September  2001
                                    for
                                    CENTURY  CASINOS  AFRICA
                                    (PROPRIETARY)  LIMITED
                                    /s/  James  Forbes
                                     ------------------
                                    Who  warrants  that  he
                                    is duly authorised hereto

Signed  at  Capetown                on  20  September  2001
                                    for
                                    CENTURY  CASINOS  CALEDON
                                    (PROPRIETARY)  LIMITED
                                        2





                                    /s/  James  Forbes
                                     ------------------
                                    Who  warrants  that  he
                                    is duly authorised hereto

Signed  at    Capetown              on  20  September  2001
                                    for
                                    CALEDON  OVERBERG  INVESTMENTS
                                    (PROPRIETARY)  LIMITED
                                    /s/  Leon  Fortes
                                    -----------------
                                    Who  warrants  that  he
                                    is duly authorised hereto

Signed  at   Captetown              on  20   September  2001
                                    for
                                    CENTURY  CASINOS  INC.
                                    /s/  James  Forbes
                                    ------------------
                                    Who  warrants  that  he
                                    is duly authorised hereto
                                        3