Adjustment / Amendment No. 1 to Management Agreement
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This Adjustment / Amendment No. 1 is made on this day of October 11, 2001 to the
MANAGEMENT AGREEMENT ("Agreement") dated March 1, 2001, by and between CENTURY
CASINOS,  INC.,  a Delaware corporation ("Company"), and FOCUS CASINO CONSULTING
AG,  a  Swiss  corporation  ("Consultant").


Adjustment  /  Amendment  to  Article  5.3  (a)  (ii):
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The  Company  and Consultant hereby agree to delete the definition of "Change of
Control"  as  used  in Article 5.3 (a) (ii) of the Agreement in its entirety and
replace  it  with  the  following:

"Change  of  Control"  as  used herein shall mean: (a) any person or entity (not
affiliated  with the Consultant or Mr. Peter Hoetzinger) becoming the beneficial
owner  of  a  majority  of  the  voting rights of the Company's then outstanding
securities;  (b)  the triggering of the issuance of stock rights to Shareholders
pursuant  to the Company's Stock Rights Agreement, as amended from time to time;
(c)  the  replacement  during  any  two  calendar  years  of half or more of the
existing  Board  of  Directors of the Company; (d) the replacement, or rejection
(i.e.  through  a  proxy  fight),  of  one  or  more  person(s), nominated to be
Director(s)  by  the  Company's Board of Directors before any Change of Control;
(e) Mr. Erwin Haitzmann is no longer Chairman and Chief Executive Officer of the
Company, unless because of his death or permanent disability; (f) holders of the
Company's  securities  approve  a  merger,  consolidation  or liquidation of the
Company."


Agreed  to  and  accepted  by:


CENTURY  CASINOS,  INC.,                    FOCUS  CASINO  CONSULTING  AG,
A  Delaware  corporation                    a  Swiss  corporation



By:  /s/Erwin Haitzmann                         By:   /s/Werner Stocker
     Chairman,  Compensation  Committee               Chairman  of  the  Board



By:  /s/Dinah Corbaci
     Member,  Compensation  Committee

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