UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
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: December 13, 2006
(Date
of
earliest event reported: December 7, 2006)
CENTURY
CASINOS, INC.
(Exact
Name of Registrant as specified in its charter)
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Delaware
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0-22290
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84-1271317
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(State
or other jurisdiction
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(Commission
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(I.R.S.
Employer
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of
incorporation)
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File
Number)
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Identification
Number)
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1263
Lake Plaza Drive Suite A, Colorado Springs, CO
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80906
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant's
telephone number, including area code:
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719-527-8300
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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:
o
Written
communication
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting
material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o
Pre-commencement
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
8.01 Other Events.
As
previously disclosed in the Form 8-K dated July 26, 2006, Century Casino
Newcastle (Pty) Ltd (f/k/a Balele Leisure (Pty) Ltd) entered into a ZAR 50
million ($7.1 million) loan agreement with Nedbank Limited. The net proceeds
from this financing were used for the construction of a new casino and hotel
in
Newcastle, South Africa. On December 7, 2006, the loan converted from a
construction loan to a 60 month term loan, payable in monthly installments
of
ZAR 1.1 million, or approximately $0.2 million . The financing bears interest
at
South Africa’s
prime
interest rate less 1.5% (which equates to 11.0% as of December 11, 2006)
and is
secured by the pledge of 100% of the total outstanding common stock of Century
Casino Newcastle (Pty) Ltd.
Item
9.01 Financial Statements and Exhibits.
(c)
Exhibits
10.182 Term
Loan
Agreement between Nedbank Limited and Century Casino Newcastle (Pty)
Ltd.
SIGNATURES
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.
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Century
Casinos, Inc.
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(Registrant)
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Date:
December 13, 2006
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By
: /s/ Ray Sienko
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Ray
Sienko
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Chief
Accounting Officer
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