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: May 19, 2006
(Date
of
earliest event reported: May 15, 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
1.02 Termination of a Material Definitive Agreement.
The
employment agreement between Century Casinos, Inc. (the
“Company”) and
Mr.
Richard S. Rabin,
the
Company’s Chief Operating Officer - North America,
has been
terminated
in
conjunction with Mr. Rabin’s departure from the Company effective May 15,
2006.
Under
the non-competition and non-solicitation provisions of the employment agreement,
Mr. Rabin
is
prohibited from competing with the Company in certain respects for a period
of
one year following his departure.
Item
5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.
(b)
Departure of Principal Officer
The
discussion under Item 1.02 of this Current Report on Form 8-K is incorporated
under this Item 5.02 as if set forth herein.
Item
9.01 Financial Statements and Exhibits.
(c)
Exhibits
10.149
Corrected
Employment Agreement by and between Century Casinos, Inc. and Mr. Richard S.
Rabin, Chief Operating Officer, North America, dated April 27, 2005, is hereby
incorporated by reference from Exhibit 10.149 to
Century Casinos’ Amended Annual Report on Form 10-K/A for the fiscal year ended
December 31, 2004.
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:
May 19, 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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