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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000911147-06-000029.txt : 20060619
<SEC-HEADER>0000911147-06-000029.hdr.sgml : 20060619
<ACCEPTANCE-DATETIME>20060619172447
ACCESSION NUMBER:		0000911147-06-000029
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20060619
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20060619
DATE AS OF CHANGE:		20060619

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CENTURY CASINOS INC /CO/
		CENTRAL INDEX KEY:			0000911147
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990]
		IRS NUMBER:				841271317
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-22900
		FILM NUMBER:		06913617

	BUSINESS ADDRESS:	
		STREET 1:		1263 A LAKE PLAZA DR.
		CITY:			COLORADO SPRINGS
		STATE:			CO
		ZIP:			80906
		BUSINESS PHONE:		719-527-8300

	MAIL ADDRESS:	
		STREET 1:		1263 A LAKE PLAZA DR.
		CITY:			COLORADO SPRINGS
		STATE:			CO
		ZIP:			80906

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CENTURY CASINOS INC
		DATE OF NAME CHANGE:	19940802

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ALPINE GAMING INC
		DATE OF NAME CHANGE:	19930824
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8_k.htm
<DESCRIPTION>FORM 8K
<TEXT>
<html>
  <head>
    <title>
      Form 8K
</title>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>UNITED
      STATES</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SECURITIES
      AND EXCHANGE COMMISSION</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Washington,
      D.C. 20549</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>FORM
      8-K</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>CURRENT
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      of Report: June 19, 2006</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Date
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                incorporation)</font></div>
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                Number)</font></div>
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                Number)</font></div>
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      <table cellpadding="0" cellspacing="0" width="100%">

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            <td align="left" valign="top" width="11%">&#160;</td>
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                Lake Plaza Drive Suite A, Colorado Springs, CO</strong></font></div>
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            <td align="left" valign="middle" width="14%">
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                Code)</font></div>
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          </tr>
          <tr>
            <td align="left" valign="top" width="11%">&#160;</td>
            <td align="left" valign="middle" width="47%">&#160;</td>
            <td align="left" valign="middle" width="14%">&#160;</td>
            <td align="left" valign="top" width="11%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="11%">&#160;</td>
            <td align="left" valign="middle" width="47%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Registrant's
                telephone number, including area code:</strong></font></div>
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            <td align="left" valign="middle" width="14%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>719-527-8300</strong></font></div>
            </td>
            <td align="left" valign="top" width="11%">&#160;</td>
          </tr>

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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Check
      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation of the registrant under any of the following
      provisions:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">o</font>Written
      communication
      pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">o</font>
      Soliciting material
      pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">o</font>
      Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">o</font>
      Pre-commencement
      pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div><br>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Item
      1.01 Entry into a Material Definitive Agreement.</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
        June
        13, 2006, the Company, through its subsidiary Century Casinos </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Europe
        GmbH (&#8220;CCE&#8221;)</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">,
        entered
        into a Share Sale and Purchase Agreement to acquire 100% of all of the issued
        and outstanding shares of G5 Sp.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
        z o.o.
        (&#8220;G5&#8221;)</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        G5, a
        Polish company, owns 33.3% of all shares issued by Casinos Poland Ltd. Casinos
        Poland, which owns seven casinos and one slot arcade throughout Poland,
        generated net revenues of approximately PLN 127 million (approximately $41.2
        million) in 2005. The purchase price for the shares of G5 amounts to &#8364;2.9
        million (approximately $3.8 million). &#8364;1.8 million (approximately $2.4 million)
        of the purchase price is payable upon closing of the transaction. The remaining
        &#8364;1.1 million (approximately $1.4 million) will be payable on December 31,
        2006.
        Closing of the transaction is subject to due diligence and certain other
        conditions, the most significant being approval by the Polish Anti Monopoly
        Authorities.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
        summary of the terms of the Share Sale and Purchase Agreement is qualified
        in
        its entirety by the text of the Share Sale and Purchase Agreement, a copy
        of
        which is attached to this Form 8-K as exhibit 10.172 and is incorporated
        herein
        by reference. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
        connection with CCE</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8217;s
        purchase of </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">G5,
        a
        Loan Agreement was entered into on June 13, 2006 between CCE and G5, whereby
        CCE
        agreed to the repayment of PLN 15.0 million (approximately $4.9 million)
        of
        existing loans between G5 and its creditors. G5 will repay the funds advanced
        by
        CCE, plus any accrued interest, in USD, on the fifth anniversary of the drawdown
        date, or June 21, 2011. G5 may not repay the loan prior to June 21, 2011.
        The
        loan bears interest at the one-month LIBOR rate offered three business days
        before a relevant interest payment date, plus 2%. Interest is payable, in
        USD,
        365 days after the initial drawdown date, and, afterwards, each first business
        day of the anniversary of the initial interest payment date.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
        summary of the terms of the Loan Agreement is qualified in its entirety by
        the
        text of the Loan Agreement, a copy of which is attached to this Form 8-K
        as
        exhibit 10.173 and is incorporated herein by reference.
</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: -36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Item
      9.01 Financial Statements and Exhibits.</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)
      Exhibits</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: -36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.172&#160;&#160;&#160;
      </font><font id="TAB2" style="COLOR: black; LETTER-SPACING: -0.25pt">&#160;</font><a href="ex10_172.htm"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Share
      Sale and Purchase Agreement between Malgorzata Maria Rogowicz-Angierman, Jerzy
      Cie</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#347;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">lak,
      Piotr Marcin Nassius, Przemyslaw Dariusz Tomaszewski and Century Casinos Europe
      GmbH concluded on June 13, 2006.</font></a></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: -36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.173</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: -0.25pt">&#160;&#160;&#160;
      </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a href="ex10_173.htm">Loan
      Agreement between Century Casinos Europe GmbH and G5
      Sp. z o.o. entered into on June&#160;13,&#160;2006.</a></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: -36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">99.1</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: -0.25pt">&#160;&#160;&#160;&#160;&#160;&#160;
      </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a href="ex99_1.htm">Press
      release dated June 19, 2006 announcing the agreement to
      acquire ownership interest in Casinos Poland Ltd.</a></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br>&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: -36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SIGNATURES</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to the requirements of the Securities Exchange Act of 1934, the Registrant
      has
      duly caused this report to be signed on its behalf by the undersigned thereunto
      duly authorized.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Century
                Casinos, Inc.</strong></font></div>
            </td>
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            <td align="left" valign="top" width="43%">&#160;</td>
            <td align="left" valign="top" width="43%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(Registrant)</strong></font></div>
            </td>
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            <td align="left" valign="top" width="43%">&#160;</td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Date:
                June 19, 2006</strong></font></div>
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            <td align="left" valign="top" width="43%" style="border-bottom: white thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>By
                : /s/ Ray Sienko</u></strong></font></div>
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            <td align="left" valign="top" width="43%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Ray
                Sienko</strong></font></div>
            </td>
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          <tr>
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            <td align="left" valign="top" width="43%">
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.172
<SEQUENCE>2
<FILENAME>ex10_172.htm
<DESCRIPTION>SHARE SALE AND PURCHASE AGREEMENT
<TEXT>
<html>
  <head>
    <title>
      Share Sale and Purchase Agreement
</title>
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    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><strong><u>Exhibit
      10.172</u></strong></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><strong>SHARE
      SALE AND PURCHASE <br>AGREEMENT</strong></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
    <div align="justify">hereinafter referred to as the "Agreement", concluded on
      June
      13, 2006 in ________ between:</div>
    <div align="justify">&#160;</div>
    <div align="justify">- <strong><font style="FONT-FAMILY: Times New Roman">Ma&#322;gorzata
      Maria Rogowicz-Angierman,
</font></strong>a citizen of Poland, residing at ul. Turkusowa 13, 05-806
      Komorow, Poland, hereinafter referred to as "Seller No. 1", and</div>
    <div align="justify">&#160;</div>
    <div align="justify">- <strong><font style="FONT-FAMILY: Times New Roman">Jerzy
      Cie&#347;lak, </font></strong>a citizen of Poland, residing at ul. Wsplona 37, 05-806
      Granica, Poland, hereinafter referred to as "Seller No. 2", and</div>
    <div align="justify">&#160;</div>
    <div align="justify">- <strong>Piotr Marcin Nassius, </strong>a citizen of Poland,
      residing at ul. Polnej Rozy 2/4 m. 62, 02-798 Warszawa, Poland, hereinafter
      referred to as "Seller No. 3", and</div>
    <div align="justify">&#160;</div>
    <div align="justify">- <strong>Prze<font style="FONT-FAMILY: Times New Roman">mys&#322;aw
      Dariusz Tomaszewski,
</font></strong>a citizen of Poland, residing at ul. Polna 1A, 05-500 Chyliczki,
      Poland, hereinafter referred to as "Seller No. 4",<br>&#160;&#160;on one side,
      cumulatively referred to as the <strong>"Sellers" </strong>and any of one
      individually as a <strong>"Seller" </strong></div>
    <div align="justify">&#160;</div>
    <div align="justify">and</div>
    <div align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">-
<strong>Century
      Casinos Europe GmbH</strong>, incorporated and
      existing under the laws of Austria, whose registered office is Wipplinger Str.
      30, 1010, Vienna, Austria, represented by Dr Christian Gernert acting in the
      capacity of a managing director,</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div align="justify">on the other side hereinafter referred to as the
      "<strong>Purchaser</strong>"</div>
    <div align="justify">&#160;</div>
    <div align="justify"><a name="_Toc428792449"/><a name="_Toc435351109"/><a name="_Toc440881153"/><a name="_Toc440882475"/><a name="_Toc440882520"/><a name="_Toc440882554"/><a name="_Toc440897099"/><a name="_Toc440941714"/><a name="_Toc441023683"/><a name="_Toc448913289"/><a name="_Toc451311541"><strong><em>WHEREAS</em></strong></a></div>
    <div align="justify">&#160;</div>
    <div align="justify"><em>The Purchaser, subject to the occurrence of certain
      events, desires to purchase all the Shares No. 1 in G5 free of any claim and
      encumbrance, provided that G5 is the owner of Shares No. 2 in Casinos Poland,
      free of any claim and encumbrance at the time of the transfer of Shares
      No.&#160;1 to the Purchaser.</em></div>
    <div align="justify">&#160;</div>
    <div align="justify"><em><strong>WHEREAS</strong></em></div>
    <div align="justify">&#160;</div>
    <div align="justify"><em>G5 is obliged to pay to the Polish Entities all the
      Receivables which stem from the Original Loan Agreements, and timely payment,
      by
      G5 of certain of the Receivables of certain of the Polish Entities is secured
      by
      the Pledge established over Shares No. 2 in Casinos Poland.</em></div>
    <div align="justify">&#160;</div>
    <div align="justify"><em><strong>WHEREAS</strong></em></div>
    <div align="justify"><em>The Purchaser desires G5 to pay, with the usage of
      finance to be obtained by G5 under the New Loan Agreement, to the Polish
      Entities, all the Receivables the Polish Entities have under the Original Loan
      Agreements, so that the Pledge expires and G5 is free of any liabilities of
      whatsoever nature.</em></div>
    <div align="justify">&#160;</div>
    <div align="justify"><strong>NOW AND THERFORE, the parties agree as
      follows:</strong></div>
    <div align="justify">
    </div>
    <div align="justify">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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      </div>
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    </div>
    <div align="center"><strong>&#167; 1.</strong></div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><strong>DEFINITIONS</strong></div>
    <div align="justify">&#160;</div>
    <div align="justify"><a name="_Toc440882521">In </a>this Agreement:
</div>
    <div align="justify">&#160;</div>
    <div align="justify">"<strong>Business Day</strong>" means a day, other than a
      Saturday, or a Sunday, on which commercial banks are open for business in
      Warsaw, Poland;</div>
    <div align="justify">&#160;</div>
    <div align="justify"><strong>"Casinos Poland"</strong> means Casinos Poland
      Sp.&#160;z&#160;o.o., a company incorporated and existing under the laws of the
      Republic of Poland, whose registered off<font style="FONT-FAMILY: Times New Roman">ice is at ul. Wolno&#347;&#263; 3A, 01-018 Warsaw,
      Poland, registered in the National Court Register &#8211; Register of Entrepreneurs,
      under number KRS No. 16809</font>;</div>
    <div align="justify">&#160;</div>
    <div align="justify"><strong>"Confirmation No. 1"</strong> means a document to be
      issued by the Purchaser to any of the Sellers in written form to confirm the
      fact that the Purchaser has finished analyzing the legal and financial situation
      of G5 and Casinos Poland, and is willing to purchase Shares No. 1 hereunder;
      the
      contents of Confirmation No. 1 are appended hereto as Schedule No. 1 to this
      Agreement;</div>
    <div align="justify">&#160;</div>
    <div align="justify"><strong>"Confirmation No. 2"</strong> means an original of a
      complete application bearing a competent court&#8217;s seal to confirm a proper filing
      of that application, to be signed and filed by the Sellers at their own expense,
      for the deletion of the Pledge from the Polish Register of Pledges, to be based
      on the fact of the repayment in full of the relevant of the Receivables solely
      by use of the finance to be extended to G5 under the New Loan Agreement, which
      Confirmation No. 2 is to be delivered to the Purchaser by any of the
      Sellers;</div>
    <div align="justify">&#160;</div>
    <div align="justify"><strong>"Confirmation No. 3"</strong> means an original of a
      decision of a relevant Polish court, to be issued at the expense of the Sellers
      who are to ensure issuance of it, effecting the deletion of the Pledge from
      the
      Polish Register of Pledges to be delivered to the Purchaser by any of the
      Sellers;</div>
    <div align="justify">&#160;</div>
    <div align="justify"><strong>"Confirmation No. 4"</strong> means a document to be
      issued by G5 and all the Sellers to the Purchaser in written form that has
      signatures certified by a notary, at the expense of the Sellers who are to
      ensure issuance of it, to confirm the fact that: (i) the conditions precedent
      for the entry of this Agreement into force set forth in the &#167; 4 section 5 items
      1 and 4 of the Agreement have been met and(ii) the Sellers received payment
      in
      full of all the dues, whatsoever, the Sellers, or any of them, had ever had
      from
      G5 before the date of the entry of this Agreement into force under &#167; 4 section
      5, below;;</div>
    <div align="justify">&#160;</div>
    <div align="justify"><strong>"G5"</strong> means G5 Sp. z o.o., a company
      incorporated and existing under the laws of the Republic of Poland, whose
      regist<font style="FONT-FAMILY: Times New Roman">ered office is at ul. &#379;elazana
      82/84 no. 51, 00-894 Warsaw, registered in the National Court Register &#8211;
Register of Entrepreneurs, under number KRS No. 90606</font>;</div>
    <div align="justify">&#160;</div>
    <div align="justify">"<strong>Information</strong>" means all information
      contained in this Agreement, including but not limited to the terms of the
      purchase of Shares No. 1, hereunder, and any information on the intent to
      conclude this Agreement;</div>
    <div align="justify">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">2</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div align="justify"><strong>"New Loan Agreement"</strong> means the loan
      agreement to be concluded between G5, as a borrower, and the Purchaser, as
      a
      lender, in order for G5 to be able to pay the Receivables of the Polish Entities
      stemming from the Original Loan Agreements; the contents of the New Loan
      Agreement are attached hereto as Schedule No. 4 to this Agreement;</div>
    <div align="justify">&#160;</div>
    <div align="justify"><strong>"Original Loan Agreements"</strong> means,
      cumulatively, all the loan agreements between the Polish Entities and G5 under
      the provisions of which the Receivables of the Polish Entitles from G5 have
      arisen, the copies of all the Original Loan Agreements are appended hereto
      as
      Schedule No. 9;</div>
    <div align="justify">&#160;</div>
    <div align="justify">"<strong>Party</strong>" means a party to this Agreement and
      "<strong>Parties</strong>" means all of them;</div>
    <div align="justify">&#160;</div>
    <div align="justify"><strong>"Pledge"</strong> means the right of
      ordinary/registered pledge over 1/3 of all the shares in Casinos Poland that
      has
      been established in favour of certain of the Polish Entities by G5 to secure
      payment of certain of the Receivables;</div>
    <div align="justify">&#160;</div>
    <div align="justify"><strong>"Polish Entities"</strong> means, cumulatively, all
      creditors entitled to the payment of the Receivables under the Original Loan
      Agreements;</div>
    <div align="justify">&#160;</div>
    <div align="justify"><strong>"Purchase Price"</strong> means any of Purchase Price
      No. 1, Purchase Price No. 2, Purchase Price No. 3, or Purchase Price No. 4;
      and
      "<strong>Purchase Prices" </strong>means, collectively Purchase Price No. 1,
      Purchase Price No. 2, Purchase Price No. 3, and Purchase Price No. 4;</div>
    <div align="justify">&#160;</div>
    <div align="justify"><strong>"Purchase Price No. 1"</strong> means the purchase
      price of EURO 730,000 which is to be paid to Seller No. 1, by the Purchaser&#184; for
      Shareholding No. 1 of Shares No. 1 in accordance with &#167; 5 below;</div>
    <div align="justify">&#160;</div>
    <div align="justify"><strong>"Purchase Price No. 2"</strong> means the purchase
      price of EURO 730,000 which is to be paid to Seller No. 2, by the Purchaser
      for
      Shareholding No. 2 of Shares No. 1 in accordance with &#167; 5 below;</div>
    <div align="justify">&#160;</div>
    <div align="justify"><strong>"Purchase Price No. 3"</strong> means the purchase
      price of EURO 730,000 which is to be paid to Seller No. 3, by the Purchaser&#184; for
      Shareholding No. 3 of Shares No. 1 in accordance with &#167; 5 below;</div>
    <div align="justify">&#160;</div>
    <div align="justify"><strong>"Purchase Price No. 4"</strong> means the purchase
      price of EURO 730,000 which is to be paid to Seller No. 4, by the Purchaser&#184; for
      Shareholding No. 4 of Shares No. 1 in accordance with &#167; 5 below;</div>
    <div align="justify">&#160;</div>
    <div align="justify">"<strong>Receivables</strong>" means all receivables by the
      Polish Entities from G5 totalling PLN 15,000,000.00, for the repayment of the
      entire principal amounts of loans and payment of the entire interest accrued
      thereon, which stem from the Original Loan Agreements;</div>
    <div align="justify">&#160;</div>
    <div align="justify"><strong>"Shareholding No. 1 of Shares No. 1"</strong> means
      those shares of Shares No. 1 that belong to Seller No. 1 comprising 20 said
      shares; </div>
    <div align="justify">&#160;</div>
    <div align="justify"><strong>"Shareholding No. 2 of Shares No. 1"</strong> means
      those shares of Shares- No. 1 that belong to Seller No. 2 comprising 20 said
      shares;</div>
    <div align="justify">&#160;</div>
    <div align="justify"><strong>"Shareholding No. 3 of Shares
      No.</strong><strong>1"</strong> means those shares of Shares No. 1 that belong
      to Seller No. 3 comprising 20 said shares;</div>
    <div align="justify">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
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        </div>
      </div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">3</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
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        </div>
      </div>
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        </div>
      </div>
    </div>
    <div align="justify"><strong>"Shareholding No. 4 of Shares No. 1"</strong> means
      those shares of Shares No. 1 that belong to Seller No. 4 comprising 20 said
      shares;</div>
    <div align="justify">&#160;</div>
    <div align="justify">"<strong>Shares No. 1</strong>" &#8211; means 80 shares in the
      share capital of G5 of a nominal value of PLN 11,250 for each share, which
      comprise all the shares in the share capital of G5;</div>
    <div align="justify">&#160;</div>
    <div align="justify">"<strong>Shares No. 2</strong>" - means 100 shares in the
      share capital of Casinos Poland of a nominal value of PLN 17,000, each share,
      which comprise 1/3 of all the shares in the share capital of Casinos
      Poland;</div>
    <div align="justify">&#160;</div>
    <div align="center"><a name="_Toc441023685"/><a name="_Toc448913291"/><a name="_Toc451311543"><strong>&#167;&#160;2.</strong></a></div>
    <div align="center"><strong>REPRESENTATIONS AND WARRANTIES OF THE
      PURCHASER</strong></div>
    <div align="center">&#160;</div>
    <div align="justify">The Purchaser represents and warrants that </div>
    <div align="justify">&#160;</div>
    <div align="justify">1) the Purchaser has sufficient funds to fulfil the
      obligations it has under this Agreement, and at the same time</div>
    <div align="justify">&#160;</div>
    <div align="justify">2) the Purchaser is registered in a country that is a Member
      State of the European Union and does not need a foreign exchange permit to
      fulfil the obligations it has hereunder.</div>
    <div align="justify">&#160;</div>
    <div align="center"><strong>&#167;&#160;3.</strong></div>
    <div align="center"><strong>REPRESENTATIONS, WARRANTIES, AND A COVENANT OF
      THE
      SELLERS</strong></div>
    <div align="center">&#160;</div>
    <div align="justify">1. The Sellers represent and warrant that:</div>
    <div align="justify">&#160;</div>
    <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;1)
      they are lawful
      owners of Shares No. 1, whereas G5 is the lawful owner of Shares No. 2</div>
    <div align="justify">&#160;</div>
    <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;2)
      Shares No. 1
      comprise the entirety of the shares issued by G5; whereas Shares No. 2 comprise
      1/3 of all the shares issued by Casinos Poland;</div>
    <div align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;3)
      Shares No. 1 and
      Shares No. 2 legally exist and have been paid in full; enjoy all rights given
      thereto under the provisions of the Polish Commercial&#160;Companies&#8217; Code; and
      are free of encumbrance, save for the Pledge which will expire at the date
      of
      the entry of this Agreement into force, at the latest;</div>
    <div align="justify">&#160;</div>
    <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;4)
      Shares No. 1 and
      Shares No. 2 are not subject to any dispute (including specifically litigation),
      and have not been seized in any enforcement proceedings, or by a temporary
      writ;</div>
    <div align="justify">&#160;</div>
    <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;5)
      G5 legally exists
      and is incorporated in accordance with Polish law;</div>
    <div align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;6)
      G5 has, up to the
      date of this Agreement, and - if relevant &#8211; will have , by the date of entry of
      this Agreement into force under &#167; 4 section 5 below, properly fulfilled all: (i)
      acts of law that include timely payment of taxes and social security
      contributions under relevant legislations in force in Poland, and (ii)
      agreements, binding upon, or applying to, G5; </div>
    <div id="HDR">
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    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
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        <div style="WIDTH: 100%; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">4</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
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      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
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    <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;7)
      all the assets of
      G5 are, and will remain such at the date of the entry of this Agreement into
      force under &#167; 4 section 5 below, validly owned by G5 and free of any claims of
      third parties of whatsoever nature, the list of all the assets of G5 constitutes
      Schedule No. 5 to this Agreement;</div>
    <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;</div>
    <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;8)
      none of the assets
      of G5 have been encumbered, and will not have been encumbered at the date of
      the
      entry of this Agreement into force under &#167; 4 section 5 below, with pledges,
      mortgages, or any other encumbrances of whatsoever nature, save for those
      disclosed in Schedule No. 6 of this Agreement;</div>
    <div align="justify">&#160;</div>
    <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;9)
      G5 is solvent and
      the financial statements of the company for the past 3 years reveal true,
      complete and accurate standing of G5; Schedule No. 7 to this Agreement comprises
      the copies of the entirety of the financial statements of G5 for the past 3
      years, and auditors reports if those were necessary to be prepared under Polish
      law in force at a relevant time, certified as being true copies of the originals
      by all the Sellers;</div>
    <div align="justify">&#160;</div>
    <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;10)
      G5 is not, and
      will not be, to the date of the entry of this Agreement into force under &#167; 4
      section 5 below, a party to any litigation, or administrative procedures and
      proceedings of whatsoever nature, save for that that have been disclosed to
      the
      Purchaser; Schedule No. 8 of this Agreement contain a list of all such disclosed
      details;</div>
    <div align="justify">&#160;</div>
    <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;11)
      outstanding
      liabilities of G5 consist, exclusively, of the Receivables of the Polish
      Entities under the Original Loan Agreements;</div>
    <div align="justify">&#160;</div>
    <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;12)
      the conclusion,
      or the fulfilment, of this Agreement will not contravene any of the obligations
      which burden the Sellers in relation to Shares No. 1;</div>
    <div align="justify">&#160;</div>
    <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;13)
      a dividend from
      any of Shares No. 1 for the financial year 2005 has not yet been paid, has
      not
      become payable, by G5 to any of the Sellers, and after the date of this
      Agreement, up to the date of the entry of this Agreement into force under &#167; 4
      section 5 below, any dividend from any of Shares No. 1, including the dividend
      for the financial year 2005, will not be paid, or payable, to any of the
      Sellers;</div>
    <div align="justify">&#160;</div>
    <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;14)
      the Sellers have
      disclosed, or will have disclosed by the date of the entry of this Agreement
      into force under &#167; 4 section 5 below, to the Purchaser, all the documents and
      information that can influence the perception of the legal and financial
      standing of G5 and Casinos Poland; the list of the documents disclosed to the
      Purchaser constitutes Schedule No. 9 of this Agreement;</div>
    <div align="justify">&#160;</div>
    <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;15)
      G5 will not
      without the prior written approval of the Purchaser consent, in any manner
      whatsoever, for so long as this Agreement has not entered into force under
&#167;4
      section 5 below, to any of the shares in Casinos Poland being transferred by
      any
      of the shareholders of Casinos Poland to a third party;</div>
    <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;</div>
    <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;16)
      G5 will not
      breach, in any manner whatsoever, for so long as this Agreement has not entered
      into force under &#167; 4 section 5 below, any of the provisions of the New Loan
      Agreement;</div>
    <div align="justify">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">5</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;17)
      Any of the
      Sellers is not, and will not be, at the date of the entry of this Agreement
      into
      force under &#167; 4 section 5 below, a sole entrepreneur;</div>
    <div align="justify">&#160;</div>
    <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;18)
      None of the
      Sellers, as at the entry of this Agreement into force under &#167; 4 section 5 below,
      will be bound by any contractual legal relationship between a Seller and G5,
      nor
      between a Seller and Casinos Poland except of the Sellers&#8217; labour
      contracts;</div>
    <div align="justify">&#160;</div>
    <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;19)
      Receivables
      amount to PLN 15,000,000, can be paid anytime before each relevant maturity
      date
      they have, stem exclusively from the Original Loan Agreements, and can be
      effectively repaid into the bank accounts indicated in Schedule No. 3 of the
      New
      Loan Agreement;</div>
    <div align="justify">&#160;</div>
    <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;20)
      the Sellers have
      received payment in full of all the dues, whatsoever, the Sellers, or any of
      them, had ever had from G5 before the date of the entry of this Agreement into
      force under &#167; 4 section 5, below, and</div>
    <div align="justify">&#160;</div>
    <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;21)
      Sellers are no
      longer members of the management board of G5 as at the day of the entry of
      this
      Agreement into force under &#167; 4 section 5 below.</div>
    <div align="justify">&#160;</div>
    <div align="justify">Unless expressly stated to the contrary above, each of
      the
      above representations and warranties of the Sellers is to remain true, correct,
      and&#160;accurate as of the date of the entry of this Agreement into force under
&#167; 4 section 5 below, and the Sellers are solely liable to ensure the
      aforementioned. </div>
    <div style="MARGIN-LEFT: 27pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div align="justify">2. Sellers covenant to the Purchaser that within 7 Business
      Days of an adequate notice being served upon any of them by the Purchaser,
      all
      of the Sellers will ensure that all of the persons, or some of them, who have
      been indicated by G5 to the management board, or &#8211; as the case may be &#8211; the
      supervisory board of Casinos Poland, will resign from their respective posts
      and
      will duly inform of that fact Casinos Poland, which is to be evidenced by the
      delivery, within the said deadline, to the Purchaser, of the originals of the
      relevant resignations bearing signatures certified by a notary public together
      with originals of documents evidencing that the relevant resignations have
      been
      duly serviced upon Casinos Poland.</div>
    <div align="justify">&#160;</div>
    <div align="center"><a name="_Toc451311545"/><a name="_Toc428792451"/><a name="_Toc435351112"/><a name="_Toc440881157"/><a name="_Toc440882478"/><a name="_Toc440882529"/><a name="_Toc440882557"/><a name="_Toc440897102"/><a name="_Toc440941717"/><a name="_Toc441023687"/><a name="_Toc448913293"><strong>&#167;&#160;4.</strong></a></div>
    <div align="center"><strong>SALES AND PURCHASES&#160;OF SHARES&#160;NO.&#160;1,
      CONDITIONS</strong></div>
    <div align="center">&#160;</div>
    <div align="justify">1. Seller No. 1, hereby, sells Shareholding No. 1 of Shares
      No. 1, and rights attached thereto, to the Purchaser and the Purchaser, hereby,
      purchases Shareholding No. 1 of Shares No. 1, and rights attached thereto,
      from
      Seller No. 1 for Purchase Price No. 1.</div>
    <div align="justify">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">6</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div align="justify">2. Seller No. 2, hereby, sells Shareholding No. 2 of Shares
      No. 1, and rights attached thereto, to the Purchaser and the Purchaser, hereby,
      purchases Shareholding No. 2 of Shares No. 1, and rights attached thereto,
      from
      Seller No. 2 for Purchase Price No. 2.</div>
    <div align="justify">&#160;</div>
    <div align="justify">3. Seller No. 3, hereby, sells Shareholding No. 3 of Shares
      No. 1, and rights attached thereto, to the Purchaser and the Purchaser, hereby,
      purchases Shareholding No. 3 of Shares No. 1, and rights attached thereto,
      from
      Seller No. 3 for Purchase Price No. 3.</div>
    <div align="justify">&#160;</div>
    <div align="justify">4. Seller No. 4, hereby, sells Shareholding No. 4 of Shares
      No. 1, and rights attached thereto, to the Purchaser and the Purchaser, hereby,
      purchases Shareholding No. 4 of Shares No. 1, and rights attached thereto,
      from
      Seller No. 4 for Purchase Price No. 4.</div>
    <div align="justify">&#160;</div>
    <div align="justify">5. The entry into force of this Agreement is conditional
      upon
      the Sellers, or &#8211; as applicable - the Purchaser, ensuring that all of the
      following conditions precedent have occurred within 90 days of the date of
      this
      Agreement:</div>
    <div align="justify">&#160;</div>
    <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;1)
      All the
      Receivables have been repaid by G5 to the Polish Entities, exclusively with
      the
      usage of the finance to be obtained by G5 on the basis of the New Loan
      Agreement;</div>
    <div align="justify">&#160;</div>
    <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;2)
      The originals of
      Confirmation No. 1, Confirmation No. 2, Confirmation No. 3 and Confirmation
      No.
      4 have been delivered to any of the Sellers or, as applicable, the Purchaser;
      and </div>
    <div align="justify">&#160;</div>
    <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;3)
      The Purchaser has
      obtained all permits and clearances that under Polish law, or any other
      applicable laws, are required from competent authorities, including antimonopoly
      authorities, for completion of the transaction contemplated herein; </div>
    <div align="justify">&#160;</div>
    <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;4)
      all the Sellers
      have resigned from their respective posts in the bodies of G5 and delivered
      to
      the Purchaser originals of relevant documents of resignations bearing signatures
      that has been certified by a notary; and</div>
    <div align="justify">&#160;</div>
    <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;5)
      Payment of the
      part of the Purchase Price in the amount of EURO 370,000.00 to each of the
      Sellers as described in &#167;5.1 below.</div>
    <div align="justify">&#160;</div>
    <div align="justify">Should any of the above conditions precedent not be fulfilled
      within 90 days of the date of this Agreement, the Agreement will expire. The
      conditions precedent for the entry of this Agreement into force set forth in
      items 1, 2, 3, and 4 above are stipulated for the sole benefit of the Purchaser
      which can, any time, waive the fulfilment of any of them. If this Agreement
      expires because of the non-delivery of Confirmation No. 2 or Confirmation No.
      4
      to the Purchaser, none of the Sellers will be entitled to assert against the
      Purchaser any claim, whatsoever, relating to the expiry of this Agreement,
      and
      the Purchaser will be entitled to seek compensation for loss incurred as a
      result of such a situation (including loss of profits). For the avoidance of
      doubt, the Parties unanimously confirm that the date of this Agreement is to
      be
      understood for the interpretation of this clause as the date when the signature
      of the Parties given, hereunder, have been certified by a notary public. </div>
    <div align="justify">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div align="justify">6. The Sellers are jointly and severally<font size="3">,
</font>within the meaning of article 366
&#167; 1 of the Polish Civil Code, obliged
      to sell all of Shares No. 1 to the Purchaser, hereunder and the Purchaser is
      obliged to buy all Shares No. 1. Therefore, among others, should any of the
      conditions precedent under this Agreement not be fulfilled, or any
      representations, or warranties of the Sellers contained in &#167; 3 above, be
      breached, by some, but not all of the Sellers, the Purchaser, within its sole
      discretion, can deem such a condition precedent not to have been fulfilled
      at
      all, or such a representation, or warranty, to have been breached in such a
      way
      as to allow valid rescission of this Agreement under &#167; 6, below. Should at any
      time a claim for reduction, or repayment&#184; of any of the Purchase Prices arise on
      the part of the Purchaser, that claim is to be made good by all the Sellers
      jointly and severally. </div>
    <div align="justify">&#160;</div>
    <div align="center"><strong>&#167;&#160;5.</strong></div>
    <div align="center"><strong>PURCHASE PRICES</strong></div>
    <div align="center">&#160;</div>
    <div align="justify">1. Purchase Prices of EURO 730.000, each one, for, as
      applicable, Shareholding No. 1 of Shares No. 1,&#160;Shareholding No. 3 of
      Shares No. 1, and Shareholding No. 4 of Shares No. 1, are to be paid by transfer
      of the relevant Purchase Price to the relevant of the Sellers by the Purchaser
      in the following mode: (i) EURO 370,000 of each of the Purchase Prices is to
      be
      paid by the Purchaser within 5 Business Days of the fulfilment, or waiver,
      of
      the conditions precedent set forth in &#167; 4 section 5 item 1, 2, 3 and 4 above,
      and (ii) the remaining EURO 360,000 of each of the Purchase Prices is to be
      paid
      by the Purchaser no later than&#160;on 31<sup>st</sup> of December 2006,
      however, not earlier than 3 Business Days after the later of: (a) the fulfilment
      of the conditions precedent set forth in &#167; 4 section 5 items 1, 2 and 4 if the
      fulfilment of those conditions precedent has been waived by the Purchaser in
      relation to the entry of this Agreement into force, and (b) the due fulfilment
      by the Sellers of the covenant set forth in &#167; 3 section 2 above. Purchase Price
      of EURO 730.000 for Shareholding No. 2 of Shares No. 1 is to be paid by transfer
      to Seller No. 2 by the Purchaser within 5 Business Days of the fulfilment,
      or
      waiver, of the conditions precedent set forth in &#167; 4 section 5 item 1, 2, 3 and
      4 above. All the above conditions precedent for payment of the Purchase Prices,
      or any part of them, are stipulated for the sole benefit of the Purchaser which
      can, at any time, waive the fulfilment of any of those conditions precedent.
      The
      Purchaser does not bear any liability for non-fulfilment of any of the above
      conditions precedent.</div>
    <div align="justify">&#160;</div>
    <div align="justify">2. At any time when any part of any of the Purchase Prices
      is
      outstanding, the Purchaser can set-off against that part of the Purchase Price
      any claim, of whatsoever nature, the Purchaser may have against the relevant
      Seller under this Agreement, or under provisions of law applying to the
      conclusion, existence, validity, fulfilment or termination of this Agreement
      that to include among others: (i) a claim for payment of compensation for breach
      of any of the representations and warranties made by the Sellers under &#167; 3
      above, (ii) a claim for reduction of a relevant Purchase Price for legal defects
      in any of Shares No. 1, or (iii) a claim for repayment of all the Purchase
      Prices in the situation of the rescission of this Agreement. </div>
    <div align="justify">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div align="center"><a name="_Toc451311547"><strong>&#167;&#160;</strong></a><strong>6.</strong></div>
    <div align="center"><strong>RIGHT TO RESCIND THE AGREEMENT</strong></div>
    <div align="center">&#160;</div>
    <div align="justify">1. The Purchaser has the right to rescind this Agreement
      by
      giving written notification to be served upon any of the Sellers, before payment
      of the entirety of the Purchase Prices, if:</div>
    <div align="justify">&#160;</div>
    <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;1)
      any of the
      representations and warranties of the Sellers contained in &#167; 3 above do not
      remain true, correct, and accurate, as of the date of the entry of this
      Agreement into force under &#167; 4 section 5 above; or</div>
    <div align="justify">&#160;</div>
    <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;2)
      the Pledge has not
      been deleted from the Polish Register of Pledges.</div>
    <div align="justify">&#160;</div>
    <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;</font>2.
      Any
      of the Sellers has the right to rescind this Agreement by giving written
      notification to be served upon the Purchaser, if the Purchaser is late with
      the
      payment of any part of the relevant Purchase Price more than 3 Business Days
      after receipt of written notice on a delay in payment of that Purchase Price
      from any of the Sellers. </div>
    <div align="center"><strong>&#167;&#160;7.</strong></div>
    <div align="center"><strong>OTHER OBLIGATIONS OF THE PARTIES</strong></div>
    <div align="center">&#160;</div>
    <div align="justify"><a name="_Toc440882542">1. The Seller
      and the
      Purchaser:</a></div>
    <div align="justify">&#160;</div>
    <div align="justify"><a name="_Toc440882543"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;1)
      must not disclose
      to any third party any of the Information<strong>,</strong> and must keep the
      Information confidential; </a>and </div>
    <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;2)
      must make every
      effort to prevent use, or disclosure, of the Information by third parties.</div>
    <div align="justify">&#160;</div>
    <div align="justify">2. The Parties can disclose the Information to those of
      its
      employees and advisers for whom it is necessary, for the purpose of entering
      into this Agreement, and for the performance of the obligations, hereunder,
      provided that the Parties ensure that the employees and advisers keep the
      Information confidential.</div>
    <div align="justify">&#160;</div>
    <div align="justify">3. Any public announcement, or disclosure, to be made is
      to
      be determined and made by the Parties acting jointly, except for announcements
      required by law to be made.</div>
    <div align="center"><strong>&#167;&#160;8.</strong></div>
    <div align="center"><strong>MANNER OF PAYMENTS</strong></div>
    <div align="center">&#160;</div>
    <div align="justify">1. Unless expressly provided herein to the contrary, on
      each
      date on which any sum is due from any of the Parties to the other Party under
      this Agreement, the Party obliged to pay will make that sum available to the
      other Party without set off, by payment in EURO in immediately available, freely
      transferable, cleared funds to an account designated herein. All costs in
      connection with payment of any sum (including the costs of transfer of payments)
      are for the account of the Party obliged to pay and may, therefore, not be
      deducted from such sum.</div>
    <div align="justify">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div align="justify">2. Unless expressly provided herein to the contrary, all
      payments under this Agreement are to be made without withholding, or deducting,
      for or on account of any present, or future taxes, duties, assessments, or
      governmental charges of whatsoever nature ("Taxes") imposed, or levied by,
      or on
      behalf of, the Republic of Poland, or any political subdivision, or any
      authority thereof, or therein, unless the withholding, or deduction, of such
      Taxes is required by law, or regulation. In that event, the Party obliged to
      pay
      will pay to the other Party such additional amounts as may be necessary in
      order
      that the net amounts received by the Party entitled to receive payment after
      such withholding, or deduction, are equal to the amount which would have been
      receivable in the absence of such withholding, or deduction. </div>
    <div align="justify">
    </div>
    <div align="justify">&#160;</div>
    <div align="justify">3. Any payment under this Agreement must be made into the
      following bank accounts, properly indicated to the Party obliged to pay by
      the
      Party entitled to receive payment.</div>
    <div align="justify">&#160;</div>
    <div align="center"><a name="_Toc428792456"/><a name="_Toc435351115"/><a name="_Toc440881160"/><a name="_Toc440882482"/><a name="_Toc440882546"/><a name="_Toc440882561"/><a name="_Toc440897106"/><a name="_Toc440941721"/><a name="_Toc441023691"/><a name="_Toc448913297"/><a name="_Toc451311551"><strong>&#167;
      </strong></a><strong>9.</strong></div>
    <div align="center"><a name="_Toc428792462"/><a name="_Toc435351120"/><a name="_Toc440881165"/><a name="_Toc440882487"/><a name="_Toc440882552"/><a name="_Toc440882566"/><a name="_Toc440897111"/><a name="_Toc440941726"/><a name="_Toc441023696"/><a name="_Toc448913302"/><a name="_Toc451311556"><strong>DISPUTES,
      GOVERNING LAW</strong></a><strong>, LEVIES</strong></div>
    <div align="center">&#160;</div>
    <div align="justify">1. Any dispute arising out of, or in connection with, this
      Agreement, including any question regarding its existence, validity, or
      termination, is to be referred to and finally resolved by arbitration under
      the
      Rules of Arbitration and Conciliation of the International Arbitral Centre
      of
      the Austrian Federal Economic Chamber, which rules are deemed to be incorporated
      by reference into this clause. The number of arbitrators is to be three. The
      location of arbitration is to be Vienna, Austria. The language to be used in
      the
      arbitral proceedings is to be English. The governing law of the contract is
      to
      be the substantive law of Poland. </div>
    <div align="justify">&#160;</div>
    <div align="justify">2. The Purchaser is to pay the levy payable on civil law
      transactions in the amount of 1% of the total of all the Purchase Prices.</div>
    <div align="justify">&#160;</div>
    <div align="justify">3. The fee of the notary for certifying signatures under
      this
      Agreement is to be divided and paid equally by the Purchaser (50%) and the
      Sellers (50%). </div>
    <div align="justify">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">10</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div align="center"><a name="_Toc428792463"/><a name="_Toc435351121"/><a name="_Toc440881166"/><a name="_Toc440882488"/><a name="_Toc440882553"/><a name="_Toc440882567"/><a name="_Toc440897112"/><a name="_Toc440941727"/><a name="_Toc441023697"/><a name="_Toc448913303"/><a name="_Toc451311557"><strong>&#167;
      10.</strong></a></div>
    <div align="center"><strong>LANGUAGE</strong></div>
    <div align="center">&#160;</div>
    <div align="justify">1. This Agreement has been executed in 5 (five) counterparts,
      each counterpart containing a Polish and English version of the Agreement for
      each Party. </div>
    <div align="justify">&#160;</div>
    <div align="justify">2. The English language version of the Agreement is to
      prevail over any discrepancy between the language versions. </div>
    <div align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><strong>&#167;&#160;11.</strong></div>
    <div align="center"><strong>SCHEDULES</strong></div>
    <div align="justify">
    </div>
    <div align="justify">&#160;</div>
    <div align="justify">The following Schedules constitute an integral part of
      this
      Agreement:</div>
    <div align="justify">&#160;</div>
    <div align="justify">1) Schedule No. 1 - Contents of Confirmation No. 1;</div>
    <div align="justify">&#160;</div>
    <div align="justify">2) Schedule No. 2 - Contents of Confirmation No. 4;</div>
    <div align="justify">&#160;</div>
    <div align="justify">3) Schedule No. 3 &#8211; Copies of all Original Loan
      Agreements;</div>
    <div align="justify">&#160;</div>
    <div align="justify">4) Schedule No. 4 - Contents of New Loan Agreement;</div>
    <div align="justify">&#160;</div>
    <div align="justify">5) Schedule No. 5 - List of all the assets of G5;</div>
    <div align="justify">&#160;</div>
    <div align="justify">6) Schedule No. 6 &#8211; List of encumbrances over the property of
      G5;</div>
    <div align="justify">&#160;</div>
    <div align="justify">7) Schedule No. 7 &#8211; Copies of financial statements of G5 for
      past 3 financial years;</div>
    <div align="justify">&#160;</div>
    <div align="justify">8) Schedule No. 8 &#8211; List of litigation and proceedings
      relating to G5;</div>
    <div align="justify">&#160;</div>
    <div align="justify">9) Schedule No. 9 &#8211; List of documents disclosed to the
      Purchaser</div>
    <div align="justify">&#160;</div>
    <div align="justify"><strong>IN WITNESS WHEREOF</strong>, the Parties hereto have
      signed this Agreement, on the date first written above.</div>
    <div align="justify">&#160;</div>
    <div align="justify"><u>/s/ Christian Gernert</u><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<u>/s/
      Piotr Marcin
      Nassius</u></div>
    <div align="justify">&#160;</div>
    <div align="justify"><u>/s/ Malgorzata Maria
      Rogowicz-Angierman</u>&#160;&#160;&#160; <u>/s/ Przemyslaw Dariusz
      Tomaszewski</u><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;</font>&#160;</div>
    <div align="justify">&#160;</div>
    <div align="justify"><u>/s/ Jerzy Cieslak</u></div>
    <div align="justify">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">11</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">Schedule
      No. 1 of Share Sale Agreement Dated _______</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div align="center"><strong><em>Contents of Confirmation No. 1</em></strong></div>
    <div align="justify"><strong>To:</strong></div>
    <div align="justify">&#160;</div>
    <div align="justify">- <font style="FONT-FAMILY: Times New Roman">Ma&#322;gorzata Maria
      Rogowicz-Angierman</font></div>
    <div align="justify">&#160;</div>
    <div align="justify">- <font style="FONT-FAMILY: Times New Roman">Jerzy Cie&#347;lak
</font></div>
    <div align="justify">&#160;</div>
    <div align="justify">- Piotr Marcin Nassius</div>
    <div align="justify">&#160;</div>
    <div align="justify">- <font style="FONT-FAMILY: Times New Roman">Przemys&#322;aw
      Dariusz Tomaszewski </font></div>
    <div align="justify">&#160;</div>
    <div align="justify">Dear Madam and Sirs,</div>
    <div align="justify">&#160;</div>
    <div align="justify">I, the undersigned, acting in the name of Century Casinos
      Europe GmbH, incorporated and existing under the laws of Austria, whose
      registered office is Wipplinger Str. 30, 1010, Vienna, Austria, in the capacity
      of managing director, further to the share sale and purchase agreement between
      you, as sellers, and Century Casinos Europe GmbH, as a purchaser, dated ___,
      hereby, confirm that Century Casinos Europe GmbH has finished analyzing the
      legal and financial situation, solely based on information provided by you,
      of:
      (i) G5 Sp. z o.o., a comp<font style="FONT-FAMILY: Times New Roman">any
      incorporated and existing under the laws of the Republic of Poland, whose
      registered office is at ul. &#379;elazana 82/84 no. 51, 00-894 Warsaw, registered in
      the National Court Register &#8211; Register of Entrepreneurs, under number KRS No.
</font>90606, and (ii) Casi<font style="FONT-FAMILY: Times New Roman">nos Poland
      Sp.&#160;z&#160;o.o., a company incorporated and existing under the laws of the
      Republic of Poland, whose registered office is at ul. Wolno&#347;&#263; 3A, 01-018 Warsaw,
      Poland, registered in the National Court Register &#8211; Register of Entrepreneurs,
      under number KR</font>S No. 16809. </div>
    <div align="justify">&#160;</div>
    <div align="justify">Based on the above, I inform that Century Casinos Europe
      GmbH
      is willing to purchase from you all of the shares in the share capital of G5
      Sp.
      z o.&#160;o. under the share sale and purchase agreement referenced above,
      subject to the occurrence of certain events provided, therein. </div>
    <div align="justify">&#160;</div>
    <div align="justify"><u>_____, /s/ Christian Gernert</u></div>
    <div align="justify">(date) (signature/s/)</div>
    <div align="justify">&#160;</div>
    <div align="left"><em>For and on behalf of:<br>Century Casinos Europe
      GmbH</em></div>
    <div align="left">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">Schedule
      No. 2 of Share Sale Agreement Dated ______</div>
    <div align="center">&#160;</div>
    <div align="center"><em>Contents of Confirmation No. 4</em></div>
    <div align="justify"><strong>To:</strong></div>
    <div align="justify">&#160;</div>
    <div align="justify">Century Casinos Europe GmbH</div>
    <div align="justify">&#160;</div>
    <div align="justify">&#160;</div>
    <div align="justify">Dear Sirs, </div>
    <div align="justify">We, the undersigned, acting in the name of: (i) <font style="FONT-FAMILY: Times New Roman" size="3">G5
      Sp. z o.o., a company
      incorporated and existing under the laws of the Republic of Poland, whose
      registered office is at ul. &#379;elazna 82/84 no. 51, 00-894 Warsaw, </font><font size="3">(ii) </font><font style="FONT-FAMILY: Times New Roman" size="3">Ma&#322;gorzata
      Maria Rogowicz-Angierman, a citizen of Poland, residing at ul. ___, ___, Poland,
      (iii) Jerzy Cie&#347;lak, a citizen of Poland, residing at ul. ___, ___, Poland, (iv)
      Piotr Marcin Nassius, a citizen of Poland, residing at ul. ___, ___, Poland,
      and
      (v) Przemys&#322;aw Dariusz Tomaszewski, a citizen of Poland, residing at ul. ___,
      ___, Poland, </font><font size="3">further to the share sale and purchase
      agreement between Century Casinos Europe GmbH, as a purchaser, and the
      aforementioned natural persons, as sellers, dated ____ (the "Agreement"),
      hereby, confirm that: (a) the conditions precedent for the entry of the
      Agreement into force </font>set forth in the &#167; 4 section 5 items 1 and 4 of the
      Agreement have been met<font size="3"> (b) the Sellers received payment in full of
      all the dues, whatsoever, the Sellers had ever had from G5 before the date
      of
      the entry of the Agreement into force under &#167; 4 section 5, below.</font></div>
    <div align="justify">&#160;</div>
    <div align="justify">Attachments:</div>
    <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;- originals
      of
      unconditional resignations from participations in the bodies of G5 bearing
      signatures confirmed by a notary public</div>
    <div align="justify">&#160;</div>
    <div align="justify">
    </div>
    <div>
      <table border="1" cellpadding="4" cellspacing="0" width="614">

          <tr>
            <td valign="top" width="50%">
              <div align="justify"><u>_____, _______________</u></div>
              <div align="justify">(date) (signature/s/ certified by a notary)</div>
              <div align="left"><em>For and on behalf of:<br>G5
                Sp.&#160;z&#160;o.&#160;o.</em></div>
            </td>
            <td valign="top" width="50%">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><u>_____,&#160;/s/
                Malgorzata&#160;M.
                Rogowicz-Angierman</u></div>
              <div align="justify">(date) (signature certified by a notary)</div>
              <div align="justify"><em>Ma&#322;gorzata Maria Rogowicz-Angierman</em></div>
              <div align="justify">
              </div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="50%">
              <div align="justify"><u>_____, /s/ Jerzy Cie&#347;lak</u></div>
              <div align="justify">(date) (signature certified by a notary)</div>
              <div align="justify"><em>Jerzy Cie&#347;lak</em></div>
            </td>
            <td valign="top" width="50%">
              <div align="justify"><u>_____, /s/ Piotr Marcin Nassius</u></div>
              <div align="justify">(date) (signature certified by a notary)</div>
              <div align="justify"><em>Piotr Marcin Nassius</em></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="50%">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><u>_____,
                /s/ Przemyslaw Dariusz Tomaszewski</u></div>
              <div align="justify">(date) (signature certified by a notary)</div>
              <div align="justify"><em>Przemys&#322;aw Dariusz Tomaszewski</em></div>
            </td>
            <td valign="top" width="50%">&#160;</td>
          </tr>

      </table>
    </div>
    <div align="justify">
    </div>
    <div align="center">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">Schedule
      No. 3 of Share Sale Agreement Dated _________</div>
    <div align="center">&#160;</div>
    <div align="center"><strong>Copies of All Original Loan Agreements</strong></div>
    <div align="center">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">Schedule
      No. 4 of Share Sale Agreement Dated ________</div>
    <div align="center">&#160;</div>
    <div align="center"><strong>Contents of the New Loan Agreement</strong></div>
    <div align="center">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">Schedule
      No. 5 of Share Sale Agreement Dated ________</div>
    <div align="center">&#160;</div>
    <div align="center"><strong>List of all the assets of G5</strong></div>
    <div align="center">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">Schedule
      No.&#160;6 of Share Sale Agreement Dated ________</div>
    <div align="center">&#160;</div>
    <div align="center"><strong>List of encumbrances over the property of
      G5</strong></div>
    <div align="center">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div align="justify">
    </div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">Schedule
      No.&#160;7 of Share Sale Agreement Dated ________</div>
    <div align="center">&#160;</div>
    <div align="center"><strong>Copies of financial statements of G5 for the past
      3
      financial years</strong></div>
    <div align="center">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">Schedule
      No.&#160;8 of Share Sale Agreement Dated ________</div>
    <div align="center">&#160;</div>
    <div align="center"><strong>List of litigation and proceedings relating to
      G5</strong></div>
    <div align="center">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">Schedule
      No.&#160;9 of Share Sale Agreement Dated ________</div>
    <div align="center">&#160;</div>
    <div align="center"><strong>List of documents disclosed to the
      Purchaser</strong></div>
    <div align="justify">
    </div>
  </body>
</html>


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.173
<SEQUENCE>3
<FILENAME>ex10_173.htm
<DESCRIPTION>LOAN AGREEMENT
<TEXT>
<html>
  <head>
    <title>
      Loan Agreement
</title>
<!-- Licensed to: Century Casinos, Inc.-->
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  <body bgcolor="#ffffff">
    <div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><u>Exhibit
        10.173</u></div>
      <div align="center"><strong>LOAN AGREEMENT</strong></div>
      <div align="center">&#160;</div>
      <div align="justify">This Loan Agreement (hereinafter referred to as the
<strong>"Agreement"</strong>) was entered into in Warsaw on June
        13, 2006
        between:</div>
      <div align="justify">&#160;</div>
      <div align="justify">1. <strong>Century Casinos Europe GmbH</strong>, incorporated
        and existing under the laws of Austria, whose registered office is Wipplinger
        Str. 30, 1010, Vienna, Austria, represented by Dr Christian Gernert acting
        in
        the capacity of a managing director, hereinafter referred to as the
<strong>"Lender</strong>"</div>
      <div align="left">&#160;</div>
      <div align="left">and</div>
      <div align="left">&#160;</div>
      <div align="justify">2. <strong>G5 Sp. z o.o., </strong>a company incorporated and
        existing under the laws of the Republic of Poland, whose <font style="FONT-FAMILY: Times New Roman">registered office is at ul. &#379;elazna 82/84
        no. 51, 00-894 Warsaw, registered in the National Court Register &#8211; Register of
        Entrepreneurs, under number KRS No. 90606,</font> hereinafter referred to as the
        "Borrower", represented by: <font style="FONT-FAMILY: Times New Roman">Ma&#322;gorzata Maria Rogowicz-Angierman,
        Jerzy
        Cie&#347;lak, Piotr Marcin Nassius, and Przemys&#322;aw Dariusz Tomaszewski, </font>acting
        in the capacity of management board members</div>
      <div align="left">&#160;</div>
      <div align="left"><em><strong>WHEREAS</strong></em></div>
      <div align="left">&#160;</div>
      <div align="justify"><strong><em>The Borrower is obliged to re-pay Original
        Loans
        as defined below to certain Polish Entities. </em></strong></div>
      <div align="justify">&#160;</div>
      <div align="left"><strong><em>WHEREAS</em></strong></div>
      <div align="left">&#160;</div>
      <div align="justify"><strong><em>The Lender has expressed its willingness
        to grant
        the Borrower the New Loan, on the terms and in the amounts described herein.
        </em></strong></div>
      <div align="justify">&#160;</div>
      <div align="justify"><strong><em>WHEREAS</em></strong></div>
      <div align="justify">&#160;</div>
      <div align="justify"><strong><em>The New Loan is solely and exclusively
        purposed
        for the repayment of the Original Loans.</em></strong></div>
      <div align="justify">&#160;</div>
      <div align="justify"><strong>THE PARTIES HAVE AGREED TO&#160;THE
        FOLLOWING:</strong></div>
      <div align="justify">&#160;</div>
      <div align="center"><strong>&#167;&#160;1.</strong></div>
      <div align="center"><strong>Definitions</strong></div>
      <div align="center">&#160;</div>
      <div align="justify">Wherever used in this Agreement, unless the context requires
        otherwise, the following terms have the following meanings:</div>
      <div align="justify">&#160;</div>
      <div align="justify">"<strong>Business Day</strong>" means a day, other than a
        Saturday or a Sunday, on which commercial banks are open for business in
        Warsaw,
        Poland;</div>
      <div align="justify">&#160;</div>
      <div align="justify"><strong>"Collateral"</strong> means the registered pledge to
        be established over all the shares in the Borrower by its shareholders to
        secure
        the timely repayment of the Total Repayment Amount in the form set forth
        in
        Schedule No. 1 of this Agreement;</div>
      <div align="justify">&#160;</div>
      <div align="justify">"<strong>Drawdown Date</strong>" means the 3<sup>rd</sup>
        Business Day after the establishment of the Collateral as envisaged in &#167; 2
        section 3 of this Agreement;</div>
      <div align="justify">&#160;</div>
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        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div align="justify">"<strong>Default Interest</strong>" means the interest of
        5&#160;% per annum above the Interest Rate calculated for the period from the
        date any payment hereunder becomes due and payable until the day of actual
        payment thereof;</div>
      <div align="justify">&#160;</div>
      <div align="justify">"<strong>Final Maturity Date</strong>" means the day falling
        5 (five) years after the Drawdown Date, which is the date when the Borrower
        must
        pay to the Lender the Total Repayment Amount under this Agreement;</div>
      <div align="justify">&#160;</div>
      <div align="justify">"<strong>Interest Payment Date</strong>" means the Business
        Day that comes 365 days after the Drawdown Date, and, afterwards, each first
        Business Day of the anniversary of the initial Interest Payment Date, in
        arrears; </div>
      <div align="justify">&#160;</div>
      <div align="justify">"<strong>Interest Rate</strong>" means interest at the rate
        of LIBOR offered as at 3 Business Days before a relevant Interest Payment
        Date
        for 1-month deposits, plus 2 %, <i>per annum</i>;</div>
      <div align="justify">&#160;</div>
      <div align="justify">"<strong>Maturity Date</strong>" means, with respect to any
        repayment of the principal amount of the New Loan - the Final Maturity Date
        and,
        with respect to any payment of interest including the Default Interest -
        the
        relevant Interest Payment Date;</div>
      <div align="justify">&#160;</div>
      <div align="justify">"<strong>New Loan</strong>" means a loan which is to be
        extended to the Borrower by the Lender hereunder;</div>
      <div align="justify">&#160;</div>
      <div align="justify">"<strong>Original Loans</strong>" means loans in the total
        amount of 15,000,000 PLN inclusive of all interest accrued thereon, previously
        extended to the Borrower by the Polish Entities, </div>
      <div align="justify">&#160;</div>
      <div align="justify"><strong>"Original Loan Agreements"</strong> means,
        cumulatively, all the loan agreements between the Polish Entities and the
        Borrower under the provisions of which the Original Loans were extended to
        the
        Borrower by the Polish Entitles, the copies of all the Original Loan Agreements
        are appended hereto as Schedule No. 2;</div>
      <div align="justify">&#160;</div>
      <div align="justify">"<strong>Party" </strong>or <strong>"Parties"</strong> means,
        respectively the Borrower and the Lender under this Agreement;</div>
      <div align="justify">&#160;</div>
      <div align="justify">"<strong>PLN</strong>" or "<strong>Zloty</strong>" means the
        currency of the Republic of Poland;</div>
      <div align="justify">&#160;</div>
      <div align="justify"><strong>"Polish Entities"</strong> means creditors who
        extended to the Borrower the Original Loans;</div>
      <div align="justify">&#160;</div>
      <div align="justify"><strong>"Share Sale Agreement"</strong> means the agreement
        for the sale of all shares in the share capital of the Borrower concluded
        between the shareholders of the Borrower and Century Casinos Europe GmbH,
        incorporated and existing under the laws of Austria, whose registered office
        is
        Wipplinger Str., 30, 1010, Vienna, Austria;</div>
      <div align="justify">&#160;</div>
      <div align="justify">"<strong>Total Repayment Amount</strong>" means the principal
        amount of the New Loan plus interest, if any, including the Default Interest,
        accrued thereon but unpaid during the term of this Agreement;</div>
      <div align="justify">&#160;</div>
      <div align="justify">"<strong>USD</strong>" means the currency of the United
        States of America;</div>
      <div align="justify">&#160;</div>
      <div align="justify">"<strong>USD Equivalent of PLN</strong>" means in relation to
        any amount denominated in PLN, the amount of USD which would be realised
        upon
        the sale of such PLN amount, under the average exchange rate quoted by the
        National Bank of Poland prevailing on the date falling 1 Business Day prior
        to
        the date on which any payment is made, in accordance with this Agreement.</div>
      <div align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
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          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div align="center"><strong>&#167;&#160;2.</strong></div>
      <div align="center"><strong>Loan</strong></div>
      <div align="center">&#160;</div>
      <div align="justify">1. Subject to the terms and conditions of this Agreement,
        the
        Lender agrees to extend to the Borrower, a New Loan in the principal amount
        of
        USD Equivalent of PLN 15,000,000 (fifteen million Polish zlotys), subject
        to &#167;3
        section 2 hereof. </div>
      <div align="justify">&#160;</div>
      <div align="justify">2. The Borrower is obliged to repay to the Lender, on
        the
        Final Maturity Date, the principal amount of this New Loan in the amount
        of USD
        ___. The interest on the principal amount of the New Loan will be calculated
        with the use of USD principal amount of the New Loan as stated in the latter
        sentence.</div>
      <div align="justify">&#160;</div>
      <div align="justify">3. The New Loan will be extended to the Borrower, if
        the
        Borrower ensures, by no later than 3 Business Days of the date hereof, the
        establishment of the Collateral to secure - unless and until the Share Sale
        Agreement comes into force in accordance with the provisions of it - the
        timely
        payment of the Total Repayment Amount to the Lender. The said condition
        precedent is stipulated for the sole benefit of the Lender which can, any
        time,
        waive the fulfilment of it. For the avoidance of doubt, the Parties confirm
        that
        the establishment of Collateral means: (i) execution, and delivery to the
        Lender
        of the relevant registered pledge agreement, and (ii) delivery to the Lender
        by
        the shareholders of the Borrower of an original of a complete application
        bearing a competent court&#8217;s seal to confirm a proper filing of that application,
        to be signed and filed by all the shareholders of the Borrower at their own
        expense, for the registration of the Collateral. . </div>
      <div align="center">&#160;</div>
      <div align="center"><strong>&#167;&#160;3.</strong></div>
      <div align="center"><strong>Use of Proceeds; Drawdown</strong></div>
      <div align="left">&#160;</div>
      <div align="left">1. <u>Use of Proceeds from the New Loan</u></div>
      <div align="justify">&#160;</div>
      <div align="justify">The New Loan is granted by the Lender on the express
        condition that all of the proceeds from it be solely used for the purpose
        of
        repayment of the Original Loans to the Polish Entities, and the Borrower
        covenants to use the proceeds from the New Loans solely for such purpose.</div>
      <div align="justify">&#160;</div>
      <div align="justify">2. <u>Drawdown </u></div>
      <div align="justify">&#160;</div>
      <div align="justify">The New Loan is to be drawn down in full by the Borrower,
        in
        accordance with Schedule No. 3, on the Drawdown Date, or at a such a later
        date
        as set forth in Schedule No. 3 by way of the New Loan being transferred by
        the
        Lender, acting in the name of the Borrower, under authority extended to the
        Lender, hereby, into the bank accounts indicated in Schedule No. 3 for the
        purpose of the repayment of the entirety of the Original Loans. For the purpose
        of the interpretation of this Agreement, the Lender shall be deemed to have
        extended to the Borrower the New Loan on the Drawdown Date if it has made,
        by
        that date, a relevant money transfer commission, regardless of when the money
        have reached the designated bank account(s) of the money recipient(s).</div>
      <div align="center">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div align="center"><strong>&#167; 4</strong></div>
      <div align="center"><strong>Interest and Interest Payments</strong></div>
      <div align="left">1. <u>Interest</u></div>
      <div align="justify">&#160;</div>
      <div align="justify">The outstanding amount of the principle amount of the
        New
        Loan is to be charged with interest on each Interest Payment Date under the
        Interest Rate. Interest, including Default Interest, is to be determined
        on the
        basis of a year consisting of 360 (three hundred and sixty) days and a month
        consisting of 30 (thirty) days.</div>
      <div align="justify">&#160;</div>
      <div align="justify">2. <u>Interest Payments</u></div>
      <div align="justify">&#160;</div>
      <div align="justify">The interest is payable on respective Interest Payment
        Date
        in USD until the Final Maturity Date.</div>
      <div align="justify">&#160;</div>
      <div align="center"><strong>&#167; 5</strong></div>
      <div align="center"><strong>Payments</strong></div>
      <div align="left">1. <u>Total Repayment Amount</u></div>
      <div align="justify">&#160;</div>
      <div align="justify">The principal amount of the New Loan, together with all
        interest accrued thereon, but unpaid, is to be repaid in full not later,
        and not
        earlier, than on the Final Maturity Date in USD.</div>
      <div align="justify">&#160;</div>
      <div align="justify">2. <u>Manner of Payments </u></div>
      <div align="justify">&#160;</div>
      <div align="justify">On each date on which any sum is due from the Borrower
        in
        accordance with the Agreement, the Borrower is to make that sum available
        without set off, or tax, or other deductions, to the Lender by payment in
        immediately available, freely transferable, cleared funds to an account
        designated by the Lender for that purpose. All costs in connection with payment
        of any sum (including the costs of transfer of payments) are for the account
        of
        the Borrower and may therefore not be deducted on such sum. </div>
      <div align="justify">&#160;</div>
      <div align="justify">3. (purposely left blank)</div>
      <div align="justify">&#160;</div>
      <div align="justify">4. <u>Prepayment</u></div>
      <div align="justify">&#160;</div>
      <div align="justify">Neither in whole, nor in part, is the Borrower permitted
        to
        prepay the New Loan. </div>
      <div align="justify">&#160;</div>
      <div align="justify">5. <u>Taxes</u></div>
      <div align="justify">&#160;</div>
      <div align="justify">All payments in respect of the New Loan are to be made
        without withholding, or deducting, or on account of any present or future
        taxes,
        duties, assessments or governmental charges of whatever nature ("Taxes")
        imposed, or levied by, or on behalf of, the Republic of Poland, or any political
        subdivision, or any authority thereof, or therein unless the withholding,
        or
        deduction of such Taxes is required by law, or regulation. In that event,
        the
        Borrower will pay to the Lender such additional amounts as may be necessary
        in
        order that the net amounts received by the Lender after such withholding,
        or
        deduction are to be equal to the amount which would have been receivable
        in
        respect of the New Loan in the absence of such withholding, or deduction.</div>
      <div align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div align="justify">As soon as the Borrower is aware that any such deduction,
        withholding, or payment of Taxes is required (or of any change in any such
        requirement), it must notify the Lender forthwith.</div>
      <div align="justify">&#160;</div>
      <div align="center"><strong>&#167;6 </strong></div>
      <div align="center"><strong>Status of the New Loan</strong></div>
      <div align="center">&#160;</div>
      <div align="justify">The New Loan is to, at all times throughout the New Loan&#8217;s
        life, constitute a direct, secured, general obligation of the Borrower, subject
        to further security agreement. </div>
      <div align="justify">&#160;</div>
      <div align="center"><strong>&#167; 7</strong></div>
      <div align="center"><strong>Representations and Warranties of the
        Borrower</strong></div>
      <div align="center">&#160;</div>
      <div align="justify">The Borrower, hereby, represents and warrants to the
        Lender
        that as of the date of the signing of the Agreement:</div>
      <div align="justify">&#160;</div>
      <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;(i)
        it is a limited
        liability company properly organised and validly existing under the laws
        of
        Poland;</div>
      <div align="justify">&#160;</div>
      <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;(ii)
        it has obtained
        all necessary permits and authorisations to enter into the Agreement and
        make
        payments hereunder;</div>
      <div align="justify">&#160;</div>
      <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;(iii)
        it has taken
        all required actions to perform its obligations under this Agreement, and
        such
        performance will not breach its statute, bylaws, or other corporate
        documents;</div>
      <div align="justify">&#160;</div>
      <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;(iv)
        it will utilize
        the New Loan solely for the purpose referred to in &#167;3 sec.1 hereof;</div>
      <div align="justify">&#160;</div>
      <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;(v)
        It has a right to
        prepay the Original Loans on dates set forth by the Share Sale Agreement;
        and
</div>
      <div align="justify">&#160;</div>
      <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;(vi)
        it will not
        divest, or encumber, Shares No. 2 as those are defined in the Share Sale
        Agreement without a prior written consent of the Lender, unless it is explicitly
        permitted by Lender. </div>
      <div align="justify">&#160;</div>
      <div align="center"><strong>&#167; 8</strong></div>
      <div align="center"><strong>Representations and Warranties of the
        Lender</strong></div>
      <div align="center">&#160;</div>
      <div align="justify">The Lender, hereby, represents and warrants to the Borrower
        that as of the date of signing of the Agreement:</div>
      <div align="justify">&#160;</div>
      <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>(i)
        it is a company
        properly organised and validly existing under the laws that apply to the
        location of its registered office;</div>
      <div align="justify">&#160;</div>
      <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;</font>(ii)
        it does not need a
        foreign exchange permit to <a name="_DV_M81">fulfill the obligations it has
        hereunder.</a></font></div>
      <div align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
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          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
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          </div>
        </div>
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        </div>
      </div>
      <div align="center"><strong>&#167; 9</strong></div>
      <div align="center"><strong>Events of Default</strong></div>
      <div align="justify">&#160;</div>
      <div align="justify">The Lender may, upon notice to the Borrower, declare
        the
        principal amount of the New Loan together with all accrued interest thereon
        (plus any other amounts accrued or payable under the Agreement), as due and
        payable within 14 Business Days from the date of the notice of the default
        of
        the Agreement, if any of the events specified below occur after the date
        hereof:</div>
      <div align="justify">&#160;</div>
      <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;(i)
        the Borrower
        fails to pay within due time any principal amount of the New Loan or interest
        thereon, as required by this Agreement, and such default continues for a
        period
        of ten (10) days after the Borrower receives notice thereof;</div>
      <div align="justify">&#160;</div>
      <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;(ii)
        any competent
        authority nationalises, seizes, or expropriates any substantial part of the
        Borrower&#8217;s property, or takes control of such property, or takes any action that
        prevents the Borrower from carrying on its business operations and such action
        is not remedied for a period of ninety (90) days after the Borrower receives
        notice thereof; or </div>
      <div align="justify">&#160;</div>
      <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;(iii)
        a legally
        justified motion is filed for the Borrower&#8217;s bankruptcy or composition
        proceedings are initiated pursuant to the Polish Bankruptcy and Recovery
        Law of
        28 February 2003 (or pursuant to any other legislation having similar effects),
        and such motion is not rejected for a period of one hundred and twenty (120)
        days after the Borrower receives notice thereof;</div>
      <div align="justify">&#160;</div>
      <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;(iv)
        any proceeds
        from the New Loan have been used by the Borrower in contravention of &#167; 3 section
        1 above; or</div>
      <div align="justify">&#160;</div>
      <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;(v)
        Shares No. 2 as
        those are defined in the Share Sale Agreement has been divested by the Borrower,
        or encumbered, in contravention of this Agreement. </div>
      <div align="justify">&#160;</div>
      <div align="center"><strong>&#167;10</strong></div>
      <div align="center"><strong>Acceleration</strong></div>
      <div align="justify">&#160;</div>
      <div align="justify">1. <u>Automatic Acceleration</u></div>
      <div align="justify">&#160;</div>
      <div align="justify">Any amounts accrued, or payable, under the Agreement
        are to
        become immediately due and payable, without any notice from the Lender,
        if:</div>
      <div align="justify">&#160;</div>
      <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;(i)
        the Borrower is
        dissolved; </div>
      <div align="justify">&#160;</div>
      <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;(ii)
        the Borrower is
        declared bankrupt, or a composition decision is issued pursuant to the Polish
        Bankruptcy and Recovery Law (or pursuant to any other legislation having
        similar
        effect) and the Lender&#8217;s receivables under the Agreement are not included in
        such proceedings.</div>
      <div align="justify">&#160;</div>
      <div align="justify">2. <u>Reporting</u></div>
      <div align="justify">&#160;</div>
      <div align="justify">The Borrower must promptly notify the Lender of the
        occurrence of any event specified in herein, together with the description
        of
        the steps that the Borrower is taking to remedy such an event.</div>
      <div align="center">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
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          </div>
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          </div>
        </div>
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          </div>
        </div>
      </div>
      <div align="center"><strong>&#167; 11</strong></div>
      <div align="center"><strong>Miscellaneous</strong></div>
      <div align="justify">&#160;</div>
      <div align="justify">1. <u>Language of Documents</u></div>
      <div align="justify">&#160;</div>
      <div align="justify">All documents and notices to be furnished, or made, under
        this Agreement are to be in English. This Agreement is drawn in English and
        in
        Polish, and one copy in each language version is for each Party. In the case
        of
        discrepancies between the Polish and the English version, the English version
        is
        to prevail.</div>
      <div align="justify">&#160;</div>
      <div align="justify">2. <u>Dispute Resolution</u></div>
      <div align="justify">&#160;</div>
      <div align="justify">Any dispute arising out of, or in connection with, this
        Agreement, including any question regarding its existence, validity, or
        termination, is to be referred to and finally resolved by arbitration under
        the
        Rules of Arbitration and Conciliation of the International Arbitral Centre
        of
        the Austrian Federal Economic Chamber, which rules are deemed to be incorporated
        by reference into this clause. The number of arbitrators is to be three.
        The
        location of arbitration is to be Vienna, Austria. The language to be used
        in the
        arbitral proceedings is to be English. The governing law of the contract
        is to
        be the substantive law of Poland. </div>
      <div align="justify">&#160;</div>
      <div align="justify">3. <u>Term of the Agreement</u></div>
      <div align="justify">&#160;</div>
      <div align="justify">This Agreement is to continue in force until all amounts
        payable hereunder have been fully paid in accordance with the provisions
        hereof.</div>
      <div align="justify">&#160;</div>
      <div align="justify">4. <u>Transaction Tax</u></div>
      <div align="justify">&#160;</div>
      <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;(i)
        The Parties
        acknowledge that the New Loan is subject to 2% transaction tax under the
        Polish
        Act on Tax on Civil Law Transactions. </div>
      <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;</div>
      <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;(ii)
        The tax amount
        is to be paid by the Borrower.</div>
      <div align="justify">&#160;</div>
      <div align="justify">5. <u>Schedules</u></div>
      <div align="justify">&#160;</div>
      <div align="justify">The following Schedules constitute integral part of this
        Agreement:</div>
      <div align="justify">&#160;</div>
      <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;(i)
        Schedule No. 1 &#8211;
Contents of the Registered Pledge Agreement</div>
      <div align="justify">&#160;</div>
      <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;(ii)
        Schedule No. 2 &#8211;
Copies of the Original Loan Agreements</div>
      <div align="justify">&#160;</div>
      <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;(iii)
        Schedule No. 3
&#8211; Mode of the Drawn Down of New Loan</div>
      <div align="justify">&#160;</div>
      <div align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
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          </div>
        </div>
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          </div>
        </div>
      </div>
      <div align="center"><strong>Contents of the Registered Pledge
        Agreement</strong></div>
      <div align="center">&#160;</div>
      <div align="center"><strong>Registered Pledge Agreement</strong></div>
      <div align="center">&#160;</div>
      <div align="justify">hereinafter referred to as the "Agreement", concluded
        on
        _____________ in ________ between:</div>
      <div align="justify">&#160;</div>
      <div align="justify">- <font style="FONT-FAMILY: Times New Roman">Ma&#322;gorzata Maria
        Rogowicz-Angierman, a citizen of Poland, residing at ul. Turkusowa 13, 05-805
        Komorow, Poland, hereinafter referred to as &#8220;Seller No. 1&#8221;, and</font></div>
      <div align="justify">&#160;</div>
      <div align="justify">- <font style="FONT-FAMILY: Times New Roman">Jerzy Cie&#347;lak, a
        citizen of Poland, residing at ul. Wspolna 37, 05-806 Granica, Poland,
        hereinafter referred to as &#8220;Seller No. 2&#8221;, </font>and </div>
      <div align="justify">&#160;</div>
      <div align="justify">- Piotr Marcin Nassius, a citizen of Poland, residing
        at ul.
        Polnej Rozy 2/4, 02-798 Warsaw, Poland, hereinafter referred to as "Seller
        No.
        3", and</div>
      <div align="justify">&#160;</div>
      <div align="justify">- <font style="FONT-FAMILY: Times New Roman">Przemys&#322;aw
        Dariusz Tomaszewski, a citizen of Poland, residing at ul. Polna 1A, 05-500
        Chyliczki, Poland, hereinafter referred to as &#8220;Seller N</font>o. 4", </div>
      <div align="justify">&#160;</div>
      <div align="justify">on one side, cumulatively referred to as the
        "<strong>Pledgor</strong>" </div>
      <div align="justify">&#160;</div>
      <div align="justify">and</div>
      <div align="justify">&#160;</div>
      <div align="justify">Century Casinos Europe GmbH, incorporated and existing
        under
        the laws of Austria, whose registered office is Wipplinger Str. 30, 1010,
        Vienna, Austria, represented by Dr Christian Gernert acting in the capacity
        of a
        managing director, hereinafter the "<strong>Lender</strong>"</div>
      <div align="justify">&#160;</div>
      <div align="justify"><strong><em>WHEREAS:</em></strong></div>
      <div align="justify">&#160;</div>
      <div align="justify"><em>Pursuant to the loan agreement dated ___, hereinafter
        the
        "Loan Agreement", between Century Casinos Europe GmbH, incorporated and existing
        under the laws of Austria, whose regi<font style="FONT-FAMILY: Times New Roman">stered office is Wipplinger Str.
        30, 1010,
        Vienna, Austria, hereinafter the &#8220;Lender&#8221; and G5 Sp. z o.&#160;o., a company
        incorporated and existing under the laws of the Republic of Poland, whose
        registered office is at ul. &#379;elazna 82/84 no. 51, 00-894 Warsaw,
        re</font>gistered in the National Court Register &#8211; Register of Entrepreneurs,
        under number KRS No. 90606; hereinafter the "Borrower", under which Loan
        Agreement the Borrower is obliged to repay the Lender the principal amount
        of a
        loan of 15,000,000 PLN (in words: fifteen million PLN) together with all
        interest accrued thereon (plus any other amounts accrued, or payable under
        the
        Loan Agreement), hereinafter the "Debt".</em></div>
      <div align="justify">&#160;</div>
      <div align="justify"><strong>NOW AND THERFORE, the parties agree as
        follows:</strong></div>
      <div align="center">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
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          </div>
        </div>
      </div>
      <div align="center"><strong>&#167;1. </strong></div>
      <div align="center"><strong>Creation of Security</strong></div>
      <div align="center">&#160;</div>
      <div align="left">1. <u>Establishment of the Pledges</u></div>
      <div align="left">&#160;</div>
      <div align="justify">The Pledgor, hereby, establishes in favour of the Lender
        a
        first ranking registered pledge, hereinafter the "Registered Pledge", over
        the
        Shares owned by the Pledgor, to secure the payment of the Debt by the Borrower,
        up to the maximum secured amount of 25,000,000.00 PLN (in word: twenty five
        million zloty). </div>
      <div align="justify">&#160;</div>
      <div align="justify">The Pledgor, hereby, establishes in favour of the Lender
        a
        first ranking pledge, hereinafter the "Ordinary Pledge", over the Shares
        to
        secure the payment of the Debt, to which the provisions of Article 327 and
        the
        subsequent articles of the Civil Code apply. For the purpose of interpretation
        in this Agreement "Shares" mean all 80 shares in the share capital of the
        Borrower, of a nominal value of PLN 11,250 each share.</div>
      <div align="justify">&#160;</div>
      <div align="justify">The Lender, hereby, consents to the establishment of
        the
        Pledges.</div>
      <div align="justify">&#160;</div>
      <div align="justify">2. <u>Registration of the Registered Pledge</u></div>
      <div align="justify">&#160;</div>
      <div align="justify">The Pledgor is to procure that the application for the
        registration of the Registered Pledge is properly filed with a relevant court.
        </div>
      <div align="justify">&#160;</div>
      <div align="justify">The application for entry of the Registered Pledge in
        the
        register of pledges is to be submitted to the relevant registration court
        by the
        Pledgor within 3 (three) Business days of the date of this Agreement, and
        copies
        of the application - together with the evidence of filing it in the relevant
        registration court and proper payment of all court fees - is to be forthwith
        sent to the Lender. The court fees payable upon entering the Registered Pledge
        in the register of pledges are to be paid by the Pledgor. </div>
      <div align="justify">&#160;</div>
      <div align="justify">3. <u>Notice of Pledges and Assignment</u></div>
      <div align="left">&#160;</div>
      <div align="justify">The establishment of the Ordinary Pledge and the intention
        to
        establish the Registered Pledge are to be notified to the Borrower, by attaching
        one copy of this Agreement to the notice. The notice is to be served by the
        Pledgor, and a copy of it is to be sent to the Lender, within 2 (two) days
        of
        the date of this Agreement, in the form of Schedule 1. The Pledgor will use
        its
        best endeavours to procure that the Borrower&#8217;s management board registers the
        establishment of the Ordinary Pledge in the relevant share register within
        5
        (five) days from the date of receipt of the above notice of establishment
        of the
        Ordinary Pledge. The Pledgor is to submit to the Borrower and the Lender
        a
        notification of the establishment of the Registered Pledge within 2 (two)
        days
        after receipt by the Pledgor of a relevant court decision entering the
        Registered Pledge in the register of pledges, and the Pledgor will use its
        best
        endeavours to procure that the Borrower's management board registers the
        establishment of the Registered Pledge in the relevant share register within
        5
        (five) days from the date of receipt of the notification.</div>
      <div align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
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          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
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          </div>
        </div>
      </div>
      <div align="justify">&#160;</div>
      <div align="justify">4. <u>Power of Attorney</u></div>
      <div align="justify">&#160;</div>
      <div align="justify">So as to perform the provisions in Clause 5.2 (voting
        rights
        and other non-property rights), the Pledgor will, on the date of this Agreement,
        grant to the Lender a power of attorney in the form in Schedule 2, authorising
        the Lender to exercise on behalf of the Pledgor the voting rights attaching
        to
        the Shares, and to exercise other non-property rights in respect of the Shares,
        to which the Pledgor is entitled as a shareholder of the Borrower. The Lender
        undertakes not to use the said power of attorney for any purpose other than
        asserting rights and protecting the security of the Lender hereunder. Such
        power
        of attorney is to be irrevocable, until the date on which the Debt is paid
        in
        full. The Lender is to accept the power of attorney granted pursuant to this
        clause. At the request of the Lender, the Pledgor will grant to the Lender
        all
        other powers of attorney that may be required to exercise the rights over
        the
        Shares. </div>
      <div align="justify">&#160;</div>
      <div align="center"><strong>&#167;2. </strong></div>
      <div align="center"><strong>Release from Security</strong></div>
      <div align="center">&#160;</div>
      <div align="justify">On the date that the Debt is paid, the Lender at the
        written
        request and expense of the Pledgor is to: </div>
      <div align="justify">&#160;</div>
      <div align="justify">1) take whatever action is necessary to release the Shares
        from the Registered Pledge and</div>
      <div align="justify">&#160;</div>
      <div align="justify">2) take whatever action is necessary to release the Shares
        from the Ordinary Pledge established under this Agreement, or confirm the
        expiry
        of all the claims under the Loan Agreement;</div>
      <div align="justify">&#160;</div>
      <div align="justify">The Lender will not be obliged to release the Shares
        from the
        Registered Pledge and Ordinary Pledge established hereunder, if the Borrower's
        performance under the Loan Agreement could be deemed to be ineffective, or
        invalid, in accordance with Article 127 point 3 of the Polish Bankruptcy
        and
        Recovery Law of 28<sup>th</sup> February, 2003.</div>
      <div align="justify">&#160;</div>
      <div align="justify">The power of attorney granted to the Lender under Clause
        1.4,
        hereinafter "Power of Attorney", will expire automatically on the date on
        which
        the Debt is paid in full.</div>
      <div align="center">&#160;</div>
      <div align="center"><strong>&#167;3. </strong></div>
      <div align="center"><strong>Representations and Warranties of the
        Pledgor</strong></div>
      <div align="center">&#160;</div>
      <div align="justify">The Pledgor, hereby, represents and warrants to the Lender
        that:</div>
      <div align="justify">&#160;</div>
      <div align="justify">1) the Borrower&#8217;s share capital is PLN 900,000 and is divided
        into 80 Shares, each share having a nominal value of PLN11,250;</div>
      <div align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div align="justify">&#160;</div>
      <div align="justify">2) it is the owner of 80 Shares in the share capital
        of the
        Borrower, which constitute all the shares issued thereby, </div>
      <div align="justify">&#160;</div>
      <div align="justify">3) the Shares are fully paid, and are free from any pledges,
        encumbrances, or third party rights; and</div>
      <div align="justify">&#160;</div>
      <div align="justify">4) the Borrower&#8217;s articles of association do not contain a
        prohibition that prevents shareholders from participating in shareholder
        meetings and executing voting rights by proxy.</div>
      <div align="justify">&#160;</div>
      <div align="center"><strong>&#167;4. </strong></div>
      <div align="center"><strong>General Undertakings</strong></div>
      <div align="center">&#160;</div>
      <div align="justify">1. <u>Duration</u></div>
      <div align="justify">&#160;</div>
      <div align="justify">The undertakings in &#167; 4, hereof, are to remain in force until
        the repayment of the Debt in full.</div>
      <div align="justify">&#160;</div>
      <div align="justify">2. <u>Negative covenants</u></div>
      <div align="justify">&#160;</div>
      <div align="justify">The Pledgor shall not:</div>
      <div align="justify">&#160;</div>
      <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;1)
        sell, assign, or
        otherwise dispose, of any of the Shares; or </div>
      <div align="justify">&#160;</div>
      <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;2)
        encumber any of
        the Shares by any third party rights.</div>
      <div align="justify">&#160;</div>
      <div align="justify">3. <u>Share register and minutes book</u></div>
      <div align="justify">&#160;</div>
      <div align="justify">The Pledgor will procure that the Lender will, upon giving
        reasonable notice to the Pledgor, have at any time the right to inspect the
        share register of the Borrower and the minutes book of the Borrower.</div>
      <div align="justify">&#160;</div>
      <div align="justify">4. <u>Exercising the Lender's rights</u></div>
      <div align="justify">&#160;</div>
      <div align="justify">The Pledgor will, at its own expense, execute and deliver
        to
        the Lender any documents and take whatever action the Lender may reasonably
        require for the perfecting, protecting, or maintaining, the Registered Pledge
        and Ordinary Pledge, intended to be established under this Agreement.</div>
      <div align="justify">&#160;</div>
      <div align="justify">5. <u>Obligations under the Shares</u></div>
      <div align="justify">&#160;</div>
      <div align="justify">The Pledgor is to remain liable to observe and perform
        all
        conditions and obligations assumed by it in respect of the Shares and the
        Lender
        will not be under any obligation, or liability, arising out of the Shares.</div>
      <div align="center">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div align="center"><strong>&#167;5. </strong></div>
      <div align="center"><strong>Voting Right</strong></div>
      <div align="justify">1. <u>Exercise of voting right</u></div>
      <div align="justify">&#160;</div>
      <div align="justify">The Lendor will not exercise voting rights in respect
        of the
        Shares in a manner that could:</div>
      <div align="justify">&#160;</div>
      <div align="justify">1) adversely affect the scope of rights attached to the
        Shares; </div>
      <div align="justify">&#160;</div>
      <div align="justify">2) diminish the&#160;proportion of the Shares in the
        Borrower&#8217;s share capital; </div>
      <div align="justify">&#160;</div>
      <div align="justify">3) cause any merger, takeover, or transformation of the
        Borrower; or</div>
      <div align="justify">&#160;</div>
      <div align="justify">4) otherwise adversely affect the Registered Pledge and
        Ordinary Pledge created by this Agreement.</div>
      <div align="justify">&#160;</div>
      <div align="justify">5) revoke or suspend any member of the Management Board
        of
        the Borrower</div>
      <div align="justify">&#160;</div>
      <div align="justify">The Lender undertakes not to use voting rights for any
        purpose other than asserting rights and protecting the security of the Lender
        hereunder.</div>
      <div align="justify">&#160;</div>
      <div align="justify">2. <u>The voting rights and other non-property
        rights</u></div>
      <div align="justify">&#160;</div>
      <div align="justify">So as to satisfy the claims of the Lender under the Loan
        Agreement and to preserve its rights hereunder, the Lender will acquire the
        right to exercise voting rights in respect of the Shares and other non-property
        rights in respect of the Shares vested in the Pledgor as the Borrower's
        shareholder, and, specifically, the right to request the convening of an
        extraordinary meeting of the shareholders of the Borrower. The Lender will
        be
        entitled to exercise those voting rights and other non-property rights on
        the
        basis of the power of attorney granted to it in accordance with &#167; 1 section 4
        above.</div>
      <div align="justify">&#160;</div>
      <div align="justify">The Pledgor is obliged to notify the Lender of each meeting
        of the shareholders, within 7 (seven) days prior to such meeting. </div>
      <div align="center">&#160;</div>
      <div align="center"><strong>&#167;6. </strong></div>
      <div align="center"><strong>Enforcement of Security</strong></div>
      <div align="center">&#160;</div>
      <div align="justify">1. <u>Rights of the Lender</u></div>
      <div align="justify">&#160;</div>
      <div align="justify">The Lender can enforce the Registered Pledge and Ordinary
        Pledge established under this Agreement, if written notice is given by the
        Lender to the Pledgor in the situation where either this Agreement or the
        Loan
        Agreement has been breached by the Pledgor or the Borrower. In such a case,
        the
        Lender can, in its absolute discretion, and subject to the provisions of
        the
        relevant provisions of Polish law, enforce the Pledges established under
        this
        Agreement through court enforcement proceedings or, in the case of the
        Registered Pledges, also by one of the methods specified in Clause 6.2 (Sale
        of
        the Shares by public auction) or &#167; 6 section 3 (Seizure of title to the Shares).
</div>
      <div align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div align="justify">2. <u>Sale of the Shares by public auction</u></div>
      <div align="justify">&#160;</div>
      <div align="justify">The Registered Pledge can be enforced by the sale of
        the
        shares by public auction by a notary, or public bailiff, pursuant to Article
        24
        of the Pledge Law, within 14 days of the Lender&#8217;s application for such
        sale.</div>
      <div align="justify">&#160;</div>
      <div align="justify">3. <u>Seizure of title to the Shares</u></div>
      <div align="justify">&#160;</div>
      <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;1.
        The Registered
        Pledge can be enforced by the seizure of title to the Shares by the Lender,
        pursuant to Article 22 of the Pledge Law. The parties agree that the value
        of
        one Share for that purpose is PLN 11,250.</div>
      <div align="justify">&#160;</div>
      <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;2.
        The seizure of
        title to the Shares is to be effected by a written statement of the Lender
        on
        the seizure of title to the Shares, to be served on the Pledgor no earlier
        than
        7 (seven) days after receipt by the Pledgor of the notice in accordance with
        Clause 6.1 (Rights of the Lender).</div>
      <div align="justify">&#160;</div>
      <div align="center"><strong>&#167;7. </strong></div>
      <div align="center"><strong>Application of Proceeds</strong></div>
      <div align="center">&#160;</div>
      <div align="justify">Any moneys received by the Lender as a result of the
        enforcement of the Registered Pledge and Ordinary Pledge constituted by this
        Agreement must be applied in the following order of priority:</div>
      <div align="justify">&#160;</div>
      <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;1)
        first, in, or
        towards, payment of, or provision for, all costs and expenses incurred by
        the
        Lender in connection with the enforcement of the Registered Pledge and Ordinary
        Pledge constituted by this Agreement;</div>
      <div align="justify">&#160;</div>
      <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;2)
        second, in, or
        towards, payment of Loan Agreement, and</div>
      <div align="justify">&#160;</div>
      <div align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;3)
        third, in payment
        of the surplus (if any) to the Pledgor, or other person entitled to it.</div>
      <div align="center">&#160;</div>
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        <div id="FTR">
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          <div style="WIDTH: 100%; TEXT-ALIGN: center">
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          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
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      <div align="center"><strong>&#167;8. </strong></div>
      <div align="center"><strong>Indemnity</strong></div>
      <div align="center">&#160;</div>
      <div align="justify">1. The Pledgor will indemnify the Lender and keep it
        at all
        times harmless from, and against, all reasonable costs and expenses incurred
        by
        it in connection with the Pledgor's breach and enforcement, or either, of
        this
        Agreement and any rights, or either, vested in them pursuant, hereto, except
        that the Lender is not to be indemnified in respect of any costs and expenses
        incurred by it as a result of its own gross negligence, or wilful
        misconduct.</div>
      <div align="justify">&#160;</div>
      <div align="justify">2. The Lender is not to be liable for any losses arising
        from
        the execution, or enforcement, of any of its rights, hereunder, except where
        such losses arise as a result of its own gross negligence, or wilful
        misconduct.</div>
      <div align="center">&#160;</div>
      <div align="center"><strong>&#167;&#160;9.</strong></div>
      <div align="center"><strong>Language and Counterparts</strong></div>
      <div align="center">&#160;</div>
      <div align="justify">1. This Agreement has been executed in 5 (five) counterparts,
        each counterpart containing a Polish and English version of the Agreement,
        for
        each Party.</div>
      <div align="justify">&#160;</div>
      <div align="justify">2. The English language version of the Agreement is to
        prevail over any discrepancy between the language versions. </div>
      <div align="justify">&#160;</div>
      <div align="center"><strong>&#167;&#160;10.</strong></div>
      <div align="center"><strong>Disputes Resolution</strong></div>
      <div align="center">&#160;</div>
      <div align="justify">Any dispute, controversy, or claim arising out of, or
        relating to this Agreement, or the breach, termination, or invalidity hereof,
        is
        to be settled by Polish common courts.</div>
      <div align="center"><strong>&#167;&#160;11.</strong></div>
      <div align="center"><strong>Governing Law</strong></div>
      <div align="center">&#160;</div>
      <div align="justify">This Agreement is to be governed by Polish law.</div>
      <div align="justify">&#160;</div>
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        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
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          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div align="justify">&#160;</div>
      <div align="justify">&#160;</div>
      <div align="justify">&#160;</div>
      <div align="justify">&#160;</div>
      <div align="center"><strong>Copies of the Original Loan Agreements</strong></div>
      <div align="center">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">1.
        Copy of the Settlement Agreement between W.A.S. Ltd. and G5 Ltd dated July
        24th,
        2003.</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">2.
        Copy of the Loan Agreement between CP Nieruchomosci Ltd and G5 Ltd. dated
        July
        23rd, 2004.</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">3.
        Copy of the Settlement no. 2002/2002 between Polski Kredyt Bank S.A. and
        G5 Ltd
        dated January 23rd, 2002.</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">4.
        Copy of the Loan Agreement between Malgorzata Rogowicz-Angierman and G5 Ltd
        dated October 5th, 2000.</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">5.
        Copy of the Loan Agreement between Piotr Nassius and G5 Ltd dated October
        5th,
        2000.</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">6.
        Copy of the Loan Agreement between Przemyslaw Tomaszewski and G5 dated October
        5th, 2000.</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">7.
        Copy of the Loan Agreement between Jerzy Cislak and G5 Ltd dated October
        5th,
        2000.</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
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          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
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      <div align="center"><a name="_Toc58993877"><strong>Form
        of Notice of Establishment
        of Pledge </strong></a></div>
      <div align="justify">&#160;</div>
      <div align="justify"><strong>To:</strong><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;G5
        Sp. z o.o., </div>
      <div align="justify">&#160;</div>
      <div align="justify"><strong>With Copy for:</strong>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;Century
        Casinos
        Europe GmbH</div>
      <div align="justify">&#160;</div>
      <div align="justify"><strong>Subject:<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;</font>&#160;</strong>
        Pledge of shares </div>
      <div align="justify">&#160;</div>
      <div align="justify">
        <div align="justify">Dear Sirs,</div>
        <div align="justify">&#160;</div>
        <div align="justify">We, undersigned (cumulatively the "Pledgor"), hereby,
          give
          you notice that by the Agreement for Registered Pledge and Ordinary Pledge
          over
          all the shares in the share capital of the Borrower (the "Registered Pledge
          Agreement"), a copy of which is attached hereto, have established a Registered
          Pledge over the all the shares in the share capital of the Borrower and
          the
          Ordinary Pledge over these shares, in accordance with Art. 327 and the
          subsequent articles of the Civil Code in favour of <strong>Century Casinos
          Europe GmbH</strong>, incorporated and existing under the laws of Austria, whose
          registered office is Wipplinger Str. 30, 1010, Vienna, Austria (the
          "Lender").</div>
        <div align="justify">&#160;</div>
        <div align="justify">We, hereby, request you to enter the Ordinary Pledge
          established under the Registered Pledge Agreement in the shareholders book
          of
          the Borrower, in accordance with Article 188 &#167; 1 of the Companies Code, and -
          after receipt of a notice from the relevant court of registration of such
          Registered Pledge in the pledge register- to enter the Registered Pledge
          established under the Registered Pledge Agreement in the shareholders book
          of
          the Borrower, in accordance with Article 188 &#167; 1 of the Companies Code.</div>
        <div align="justify">&#160;</div>
        <div align="justify">Please confirm your acknowledgement of the above by
          signing
          the acknowledgement attached to the enclosed duplicate copy of this Notice
          of
          Establishment of Pledge and return the duplicate together with a properly
          signed
          acknowledgement to us, and a copy to the Lender.</div>
        <div align="left">&#160;</div>
        <div align="left">Yours sincerely, </div>
      </div>
      <div align="left">&#160;</div>
      <table border="1" cellpadding="4" cellspacing="0" width="614">

          <tr>
            <td valign="top" width="50%">
              <div align="left"><u>_____, /s/ Malgorzata M. Rogowicz-Angierman</u></div>
              <div align="left"><em>(date) (signature certified by a notary)</em></div>
              <div align="justify"><em>Ma&#322;gorzata Maria Rogowicz-Angierman</em></div>
              <div align="left">
              </div>
            </td>
            <td valign="top" width="50%">
              <div align="left"><u>_____, /s/ Przemyslaw Dariusz Tomaszewski</u></div>
              <div align="left"><em>(date) (signature certified by a notary)</em></div>
              <div align="justify"><em>Przemys&#322;aw Dariusz Tomaszewski </em></div>
            </td>
          </tr>
          <tr>
            <td height="101" valign="top" width="50%">
              <div align="left"><u>_____, /s/ Jerzy Cieslak_</u></div>
              <div align="left"><em>(date) (signature certified by a notary)</em></div>
              <div align="justify"><em>Jerzy Cie&#347;lak</em></div>
            </td>
            <td height="101" valign="top" width="50%">
              <div align="left"><u>_____, /s/ Piotr Marcin Nassius______</u></div>
              <div align="left"><em>(date) (signature certified by a notary)</em></div>
              <div align="justify"><em>Piotr Marcin Nassius</em></div>
            </td>
          </tr>

      </table>
      <div align="left">&#160;</div>
      <div align="left">
        <div align="left">&#160;</div>
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
          <div id="FTR">
            <div id="GLFTR" style="WIDTH: 100%" align="left">
            </div>
          </div>
          <div id="PN" style="PAGE-BREAK-AFTER: always">
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
            </div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
              <hr style="COLOR: black" noshade size="2">
            </div>
          </div>
          <div id="HDR">
            <div id="GLHDR" style="WIDTH: 100%" align="right">
            </div>
          </div>
        </div>
        <div align="left">&#160;</div>
        <div align="left">&#160;</div>
        <div align="left">&#160;</div>
        <div align="justify">We acknowledge receipt of a Notice of Establishment
          of Pledge
          of which this is a copy and a copy of the Agreement for Registered Pledge
          and
          Ordinary Pledge over Shares. </div>
        <div align="left">&#160;</div>
        <div align="left">
        </div>
        <div align="left"><u>__/s/ G5 Sp. z o.o.___________</u></div>
        <div align="left">On behalf of <br>the Borrower</div>
        <div align="left">&#160;</div>
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
          <div id="FTR">
            <div id="GLFTR" style="WIDTH: 100%" align="left">
            </div>
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            <div style="WIDTH: 100%; TEXT-ALIGN: center">
            </div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
              <hr style="COLOR: black" noshade size="2">
            </div>
          </div>
          <div id="HDR">
            <div id="GLHDR" style="WIDTH: 100%" align="right">
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        </div>
        <div align="center">&#160;</div>
        <div align="center"><a name="_Toc58993878"><strong>Form
          of Power of
          Attorney</strong></a></div>
        <div align="center">&#160;</div>
        <div align="left">&#160;</div>
        <div align="justify">granted on June 13th,&#160;2006 in Warsaw by the undersigned
          persons(cumulatively, the "Pledgor") acting as shareholders of G5 Sp. z
          o.o., a
          company incorporated<font style="FONT-FAMILY: Times New Roman"> and existing
          under the laws of the Republic of Poland, whose registered office is at
          ul.
&#379;elazana 82/84 no. 51, 00-894 Warsaw, registered in the National Court Register
          &#8211; Register of Entrepreneurs, under number KRS No. 90606 (the
&#8220;Lender&#8221;)</font></div>
        <div align="justify">&#160;</div>
        <div align="center"><strong>&#167;1</strong></div>
        <div align="center">&#160;</div>
        <div align="justify">1. The Pledgor, hereby, grants to the Lender an irrevocable
          power of attorney, which has a power of substitution, to exercise in the
          Pledgor's name all and any voting and other non-property rights in respect
          of
          the shares which the Pledgor, as the sole shareholder of the Borrower,
          has, or
          might have, pursuant to the&#160;company's articles of association and Polish
          law.</div>
        <div align="justify">&#160;</div>
        <div align="justify">2. This power of attorney is granted pursuant to Clauses
          1.4
          and following provisions of the Agreement for Registered Pledge and Ordinary
          Pledge over all shares in the share capital of the Borrower, dated
          _____________, ____ (the&#160;"Registered Pledge Agreement") between the Pledgor
          and the Lender.</div>
        <div align="justify">&#160;</div>
        <div align="center"><strong>&#167;2</strong></div>
        <div align="center">&#160;</div>
        <div align="justify">The Lender, specifically, but without limitation, is
          to have
          the following rights:</div>
        <div align="justify">&#160;</div>
        <div align="justify">1. the right to demand an extraordinary shareholders'
          meeting
          be convened by the&#160;management board of the Borrower;</div>
        <div align="justify">&#160;</div>
        <div align="justify">2. the right to be informed of each ordinary and
          extraordinary shareholders' meeting convened by the management board of
          the
          Borrower, and upon its request to be present at&#160;any shareholders'
          meeting;</div>
        <div align="justify">&#160;</div>
        <div align="justify">3. the right to vote over all the shares in the Borrower
          pledged in favour of the Lender pursuant to the Registered Pledge Agreement
          as
          the&#160;Pledgor&#8217;s proxy pursuant to Article 243 &#167;1 of the Polish Companies
          Code; and</div>
        <div align="justify">&#160;</div>
        <div align="justify">4. the right to give any consent, or authorisation
          that is
          required from a shareholder under the Polish Companies Code and the company's
          articles of association.</div>
        <div align="justify">&#160;</div>
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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              <hr style="COLOR: black" noshade size="2">
            </div>
          </div>
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        <div align="center"><strong>&#167;3</strong></div>
        <div align="center">&#160;</div>
        <div align="justify">This power of attorney remains irrevocable upon date
          on which
          the Debt (as that term is defined in the Registered Pledge Agreement) was
          paid.
          The Lender is authorised to act on the basis of this power of attorney
          in
          accordance with the terms of the Registered Pledge Agreement.</div>
        <div align="justify">&#160;</div>
        <div align="left">
        </div>
        <table border="1" cellpadding="4" cellspacing="0" width="614">

            <tr>
              <td valign="top" width="50%">
                <div align="left"><u>_____, /s/ Malgorzata M. Rogowicz-Angierman</u></div>
                <div align="left"><em>(date) (signature certified by a notary)</em></div>
                <div align="justify"><em>Ma&#322;gorzata Maria Rogowicz-Angierman</em></div>
                <div align="left">
                </div>
              </td>
              <td valign="top" width="50%">
                <div align="left"><u>_____, /s/ Przemyslaw Dariusz Tomaszewski</u></div>
                <div align="left"><em>(date) (signature certified by a notary)</em></div>
                <div align="justify"><em>Przemys&#322;aw Dariusz Tomaszewski</em></div>
              </td>
            </tr>
            <tr>
              <td height="101" valign="top" width="50%">
                <div align="left"><u>_____, /s/ Jerzy Cieslak_______________</u></div>
                <div align="left"><em>(date) (signature certified by a notary)</em></div>
                <div align="justify"><em>Jerzy Cie&#347;lak</em></div>
              </td>
              <td height="101" valign="top" width="50%">
                <div align="left"><u>_____, /s/ Piotr Marcin Nassius_______</u></div>
                <div align="left"><em>(date) (signature certified by a notary)</em></div>
                <div align="justify"><em>Piotr Marcin Nassius</em></div>
              </td>
            </tr>

        </table>
        <div align="left">&#160;</div>
        <div align="left">&#160;</div>
        <div align="left">&#160;</div>
        <div align="left">&#160;</div>
      </div>
      <div align="left">&#160;</div>
      <div align="left">&#160;</div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>4
<FILENAME>ex99_1.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<html>
  <head>
    <title>
      Press Release
</title>
<!-- Licensed to: Century Casinos, Inc.-->
<!-- Document Created using EDGARizer HTML 3.0.4.0 -->
<!-- Copyright 2006 EDGARfilings, Ltd., an IEC company.-->
<!-- All rights reserved EDGARfilings.com -->
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  <body bgcolor="#ffffff">
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Exhibit
      99.1</u></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>FOR
      IMMEDIATE RELEASE</u></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Company
      Contact</u></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="left" valign="top" width="20%">&#160;</td>
            <td align="left" valign="top" width="31%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Peter
                Hoetzinger</font></div>
            </td>
            <td align="left" valign="top" width="24%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Larry
                Hannappel</font></div>
            </td>
            <td align="left" valign="top" width="14%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="20%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
            </td>
            <td align="left" valign="top" width="31%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Co
                CEO &amp; President</font></div>
            </td>
            <td align="left" valign="top" width="24%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Senior
                Vice President</font></div>
            </td>
            <td align="left" valign="top" width="14%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="20%">
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                719 229 6448</font></div>
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            <td align="left" valign="top" width="14%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">peter.hoetzinger@cnty.com</font></div>
            </td>
            <td align="left" valign="top" width="24%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">larry.hannappel@cnty.com</font></div>
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    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>CENTURY
      CASINOS ANNOUNCES AGREEMENT TO ACQUIRE OWNERSHIP INTEREST IN
</u></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>CASINOS
      POLAND LTD. </u></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">COLORADO
      SPRINGS, Colorado, June 19, 2006 - Century Casinos, Inc. (NASDAQ and Vienna
      Stock Exchange: CNTY) announced today that the Company&#8217;s Austrian subsidiary,
      Century Casinos Europe GmbH, has entered into an agreement to acquire 100%
      of G5
      Sp. z o.o., a Polish company, which holds 33.3% of all issued and outstanding
      shares of Casinos Poland Ltd. The closing of the acquisition is subject to
      due
      diligence and certain conditions, including the approval of the Polish Anti
      Monopoly Authorities. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      total
      financial consideration payable for the transaction of approx. $8,620,000
      consists of a PLN 15,000,000 (approx. $4,860,000) loan funding from Century
      Casinos Europe GmbH to G5, plus the purchase price of &#8364;2,920,000 (approx
      $3,760,000). &#8364;1,840,000 (approx. $2,370,000) of the purchase price is payable at
      closing of the transaction, the remaining &#8364;1,080,000 (approx. $1,390,000) at the
      end of 2006.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Casinos
      Poland&#8217;s seven casinos and one slot arcade, situated in major cities in four and
      five star hotels throughout Poland, generated net operating revenues of PLN
      127,000,000 (approx. $41,200,000) in 2005. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Peter
      Hoetzinger, Co CEO &amp; President of Century Casinos, about the transaction,
&#8220;Casinos Poland is the country&#8217;s industry leader with a market share of 50% of
      all casino revenues generated in Poland. They also own and operate Poland&#8217;s most
      popular gaming venue, the casino in the Marriott hotel in Warsaw. We are excited
      about this unique opportunity to enter the Polish casino market and look forward
      to build on Casinos Poland&#8217;s success and further expand and diversify Century
      Casinos&#8217; earnings stream.&#8221;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      other
      owners of Casinos Poland are LOT Polish Airlines and the Polish Airport
      Authority with a 33.3% stake each. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Poland,
      with its 38.7 million inhabitants, joined the European Union in May 2004 and
      is
      experiencing economic growth rates of about 5% per annum. Currently, there
      are
      27 casinos operating in Poland. Casino licenses are granted only in cities
      with
      at least 250,000 inhabitants and are administered by the strict rules and
      regulations of the Polish Ministry of Finance. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>About
      Century Casinos, Inc:</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Century
      Casinos, Inc. is an international casino entertainment company that owns and
      operates Womacks Casino and Hotel in Cripple Creek, Colorado; owns and operates
      the Casino Millennium in the Marriott Hotel in Prague, Czech Republic; operates
      the casinos aboard the Silver Wind, Silver Cloud, Silver Whisper, The World
      of
      ResidenSea, and the vessels of Oceania Cruises; owns and has begun construction
      on a casino and hotel development in Edmonton, Alberta, Canada; and owns a
      majority interest in, and has begun construction on, a casino and hotel
      development in Central City, Colorado. Through its subsidiary Century Casinos
      Africa (Pty) Limited, it owns and operates The Caledon Hotel, Spa &amp; Casino
      near Cape Town, South Africa as well as 60% of, and provides technical casino
      services to, the Monte Vista Casino &amp; Conference Center, Newcastle, South
      Africa. The Company continues to pursue other international projects in various
      stages of development.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">For
      more
      information about Century Casinos, visit our web site at </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">www.centurycasinos.com.
      </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Century
      Casinos&#8217; common stock trades on The NASDAQ Capital Market&#174; and the Vienna Stock
      Exchange under the symbol CNTY.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>This
      release may contain forward-looking statements that involve risks and
      uncertainties. Among the other important factors which could cause actual
      results to differ materially from those in the forward-looking statements are
      economic, competitive, and governmental factors affecting the Company&#8217;s
      operations, markets, services and prices, as well as other factors detailed
      in
      the Company&#8217;s filings with the Securities and Exchange Commission, including its
      recent filings on Forms 10-K, 10-Q, and 8-K. Century Casinos disclaims any
      obligation to revise or update any forward-looking statement that may be made
      from time to time by it or on its behalf.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
