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Description Of Business And Basis Of Presentation
9 Months Ended
Sep. 30, 2011
Description Of Business And Basis Of Presentation [Abstract] 
Description Of Business And Basis Of Presentation

 
Century Casinos, Inc. (together with its wholly owned subsidiaries, the "Company") is an international casino entertainment company. As of September 30, 2011, the Company owned casino operations in North America; operated cruise ship-based casinos on international waters; and owned the management agreement to manage the casino in the Radisson Aruba Resort, Casino & Spa. The Company also owns a 33.3% ownership interest in Casinos Poland Ltd ("CPL"), the owner and operator of seven casinos in Poland. The Company continues to pursue other projects in various stages of development.
 
The accompanying condensed consolidated financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP") for interim financial reporting, the rules and regulations of the Securities and Exchange Commission which apply to interim financial statements and the instructions to Form 10-Q and Rule 8-03 of Regulation S-X. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with US GAAP have been condensed or omitted. The accompanying condensed consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany transactions and balances have been eliminated.
 
In the opinion of management, all adjustments considered necessary for fair presentation of financial position, results of operations and cash flows of the Company have been included. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2010. The results of operations for the period ended September 30, 2011 are not necessarily indicative of the operating results for the full year.
 
Presentation of Foreign Currency Amounts
 
Transactions that are denominated in a foreign currency are translated and recorded at the exchange rate in effect on the date of the transaction. Commitments that are denominated in a foreign currency and all balance sheet accounts other than shareholders' equity are translated and presented based on the exchange rate between such foreign currency and the U.S. dollar at the end of the reported periods.  Current period transactions affecting the profit and loss of operations conducted in foreign currencies are valued at the average exchange rate between such foreign currency and the U.S. dollar for the period in which they are incurred.
 
The exchange rates to the U.S. dollar used to translate balances at the end of the reported periods are as follows:
 
     
September 30,
    
December 31
  
 
Ending Rates
  
2011
    
2010
  
 
Canadian dollar
     1.0389       0.9946  
 
Euros
     0.7436       0.7468  
 
Polish zloty
     3.2574       2.9641  
 
Source: Pacific Exchange Rate Service
          

The average exchange rates to the U.S. dollar used to translate balances during each reported period are as follows:
 
     
For the three months 
ended September 30,
    
For the nine months
ended September 30,
  
 
Average Rates
  
2011
    
2010
    
2011
    
2010
  
 
Canadian dollar
     0.9797       1.0395       0.9778       1.0362  
 
Euros
     0.7077       0.7741       0.7113       0.7612  
 
Polish zloty
     2.9369       3.1036       2.8576       3.0492  
 
Source: Pacific Exchange Rate Service