<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>century_app-a.txt
<DESCRIPTION>AUDIT COMMITTEE CHARTER
<TEXT>


                              Century Casinos, Inc.

                    CHARTER AND POWERS OF THE AUDIT COMMITTEE

The Audit Committee of the Board of Directors (the "Audit Committee") is a
committee of the Board of Directors. Its primary function is to assist the Board
in fulfilling its oversight responsibilities by reviewing the financial
information, which will be provided to the shareholders and others, the systems
of internal controls, which management and the Board of Directors have
established, and the audit process.

The membership of the Audit Committee shall consist of at least three
independent members of the Board of Directors who shall serve at the pleasure of
the Board of Directors. Audit Committee members and the Committee Chairman shall
be designated by the full Board of Directors.

In carrying out its responsibilities, the Audit Committee believes its policies
and procedures should remain flexible, in order to best react to changing
conditions and to ensure to the directors and shareholders that corporate
accounting and reporting practices of the corporation are in accordance with all
requirements and are of the highest quality.


     RESOLVED, that the charter and powers of the Audit Committee shall be:

1.        Overseeing   that   management  has  maintained  the  reliability  and
          integrity of the  accounting  policies  and  financial  reporting  and
          disclosure practices of the Company;

2.        Overseeing that management has established and maintained processes to
          assure that an  adequate  system of  internal  control is  functioning
          within the Company;

3.        Overseeing that management has established and maintained processes to
          assure compliance by the Company with all applicable laws, regulations
          and Company policy;

     RESOLVED, that the Audit Committee shall have the following specific powers
     and duties:

1.        Holding  such regular  meetings as may be  necessary  and such special
          meetings as may be called by the Chairman of the Audit Committee or at
          the request of the independent accountants.

2.       Creating an agenda for the ensuing year;

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3.        Reviewing the  performance of the  independent  accountants and making
          recommendations to the Board of Directors regarding the appointment or
          termination of the independent accountants;

4.        Conferring  with the independent  accountants  concerning the scope of
          their  examination  of the books and  records of the  Company  and its
          subsidiaries;  directing  the  special  attention  of the  auditors to
          specific  matters or areas deemed by the  Committee or the auditors to
          be of special  significance;  and  authorizing the auditors to perform
          such  supplemental  reviews  or  audits  as  the  Committee  may  deem
          desirable;

5.        Reviewing with management and the independent  accountants significant
          risks and exposures, audit activities and significant audit findings;

6.        Reviewing the Company's  audited annual  financial  statements and the
          independent   accountants'  opinion  rendered  with  respect  to  such
          financial statements, including reviewing the nature and extent of any
          significant  changes  in  accounting  principles  or  the  application
          therein;

7.        Reviewing the adequacy of the Company's systems of internal control;

8.        Obtaining  from  the  independent  accountants  their  recommendations
          regarding   internal  controls  and  other  matters  relating  to  the
          accounting procedures and the books and records of the Company and its
          subsidiaries  and  reviewing the  correction of controls  deemed to be
          deficient;

9.        Providing an independent,  direct communications  between the Board of
          Directors and independent accountants;

10.       Reviewing the adequacy of internal controls and procedures  related to
          executive travel and entertainment;

11.       Reviewing  with  appropriate  Company  personnel  the actions taken to
          ensure compliance with all applicable gaming rules and regulations and
          the  results  of  confirmations  and  violations  of  such  rules  and
          regulations.

12.       Reviewing the  procedures  established by the Company that monitor the
          compliance  by the Company with its loan and  indenture  covenants and
          restrictions;

13.      Reporting through its Chairman to the Board of Directors following the
          meetings of the Audit Committee;

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14.       Maintaining minutes or other records of meetings and activities of the
          Audit Committee;

15.       Reviewing  the  charter  and  powers  of the  Committee  annually  and
          reporting  and making  recommendations  to the Board of  Directors  on
          these responsibilities;

16.       Conducting or authorizing  investigations  into any matters within the
          Audit Committee's scope of responsibilities. The Audit Committee shall
          be empowered to retain independent counsel,  accountants, or others to
          assist it in the conduct of any investigation.

17.       Considering  such other matters in relation to the financials  affairs
          of the Company and its accounts, and in relation to the external audit
          of the  Company  as  the  Audit  Committee  may,  in  its  discretion,
          determine to be advisable.

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-------------------------                   -------------------------
Erwin Haitzmann                             Peter Hoetzinger
Chairman of the Board                       Vice-Chairman of the Board


-------------------------                   -------------------------
James Forbes                                Gottfried Schellmann
Director                                    Director


-------------------------                   -------------------------
Dinah Corbaci                               Robert Eichberg
Director                                    Director




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