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: August 2, 2005
(Date
of
earliest event reported: July 27, 2005)
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:
oWritten
communication
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
oSoliciting
material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
oPre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
oPre-commencement
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
1.01 Entry Into a Material Definitive Agreement
On
July
27, 2005, Century Casinos Caledon Pty
Limited (“CCAL”), entered
into an overdraft facility with Nedbank Limited
(“Nedbank”) Registration No. 1951/000009/06.
Pursuant to the overdraft facility, Nedbank extended temporary financing
to the
Company in the principal amount of 18.8 million Rand, or $2.8 million.
The net
proceeds from the financing were used by CCAL to repay in full the amount
of
debt outstanding under CCAL’s
loan
agreement with ABSA
Bank. The financing bears interest at South
Africa’s
prime interest rate,
currently 10.5%. The financing is secured by the pledge of 4,000 ordinary
shares
of CCAL’s
common
stock,
or 100%
of the total outstanding common stock of CCAL. The financing is due and
payable
upon completion of a final long term loan agreement with Nedbank, the
terms of
which are under negotiation.
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.
Century
Casinos, Inc.
(Registrant)
Date:
August 2, 2005 by:
/s/ Ray Sienko
Ray
Sienko, Chief
Accounting Officer