Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934

                        Date of Report: October 18, 2004
               (Date of earliest event reported: October 13, 2004)

                              CENTURY CASINOS, INC.
             (Exact Name of Registrant as specified in its charter)

         Delaware                    0-22290                 84-1271317
(State or other jurisdiction       (Commission            (I.R.S. Employer
     of incorporation)             File Number)         Identification Number)

1263 Lake Plaza Drive Suite A, Colorado Springs, CO                 80906
(Address of principal executive offices)                            (Zip Code)

Registrant's telephone number, including area code:                 719-527-8300

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:

_ Written  communication  pursuant to Rule 425 under the  Securities Act (17 CFR

_ Soliciting  material  pursuant to Rule 14a-12  under the Exchange Act (17 CFR

_ Pre-commencement  communications  pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

_ Pre-commencement  pursuant to Rule  13e-4(c)  under the  Exchange Act (17 CFR

Item 1.01 Entry Into a Material Definitive Agreement

On October 13, 2004,  Century Casinos,  Inc. signed an agreement with the owners
of  Landmark  Gaming,  LLC  of  Franklin  County,  Iowa  to  jointly  submit  as
co-applicant  with  the  Franklin  County  Development   Association  (FCDA)  an
application  to the Iowa  Racing and  Gaming  Commission  (IRGC) to develop  and
operate a moored  barge  casino,  hotel and  entertainment  facility in Franklin
County, Iowa.

The  Company's  contribution  to the project at closing  will include an initial
cash capital  contribution  of $1.25 million in return for a 40%  interest.  The
current owners of Landmark  Gaming will  contribute the land and land options in
return for 60% ownership.  Additionally,  an affiliate of the Company will enter
into a Casino Services Agreement to manage the property in return for a share in
gross revenues plus a share in EBITDA.

The Company's cash contribution and the beginning of construction are subject to
various  conditions and approvals,  including,  but not limited to awarding of a
license by the IRGC, securing acceptable financing and other due diligence.

A copy of Century  Casino's  press release dated October 18, 2004 is attached as
an Exhibit.

Item 9.01  Exhibits.

99.1 Press release dated October 18, 2004


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.

                                     Century Casinos, Inc.

Date:  October 18, 2004              by:  /s/ Larry Hannappel
                                     Larry Hannappel, Chief Accounting  Officer