<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>9
<FILENAME>exhibit10122.txt
<DESCRIPTION>AMENDMENT NO. 2 TO  FOCUS MANAGEMENT AGREEMENT
<TEXT>
               Adjustment/Amendment No. 2 to Management Agreement


This Adjustment/Amendment No. 2 is made on this 12th day of October, 2002 to the
MANAGEMENT  AGREEMENT  ("Agreement")  of March,  2001,  by and  between  CENTURY
CASINOS, INC., a Delaware corporation  ("Company"),  and FOCUS CASINO CONSULTING
AG, a Swiss corporation ("Consultant").

A) Adjustment/Amendment to Article 3.1:

The Company and the  Consultant  hereby agree to replace the US Dollar amount of
$100,000,  as mentioned in the fourth line of this Article,  by US Dollar amount
of $120,000, so that this Article reads as follows:

"As annual  compensation for the services rendered by Consultant for the Company
pursuant to this Agreement, Consultant shall be paid not less than the following
base annual management fee, on a monthly basis, during the term hereof: $120,000
(onehundredandtwentythousand), plus annual increases and bonuses, and such other
incentives,  benefits,  and  compensation  as may be awarded to him from time to
time by the Compensation Committee of the Board of Directors of the Company."

B) Adjustment/Amendment to Article 5.3 (a) (ii):

The Company and  Consultant  hereby agree to insert words "any of the following"
after the words  "...used  herein  shall mean",  so that this  Article  reads as
follows:

" "Change of Control" as used herein  shall mean any of the  following:  (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



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


     /s/  Dinah Corbaci
By: _______________________
     Member, Compensation Committee


</TEXT>
</DOCUMENT>
