FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * HOETZINGER PETER   2. Issuer Name and Ticker or Trading Symbol CENTURY CASINOS INC /CO/ [CNTY] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Vice Chairman/President (Last) (First) (Middle) 1263 A LAKE PLAZA DR. 3. Date of Earliest Transaction (Month/Day/Year) 01/03/2005 (Street) COLORADO SPRINGS, X1 80906 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock               131,350 D   Common Stock 01/03/2005   S   5,000 D $ 8.8777 138,728 I Family Trust Common Stock 01/04/2005   S   5,728 D $ 7.9612 133,000 I Family Trust Common Stock 01/03/2005   S   5,000 D $ 8.8777 95,000 I Spouse Common Stock 01/04/2005   S   5,000 D $ 7.9612 90,000 I Spouse

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Non-Statutory Stock Options

$ 2.93

03/04/2005

03/04/2014

Common Stock

628,105

628,105

I

Family Trust

Non-Statutory Stock Options

$ 1.5

08/15/1996

08/15/2005

Common Stock

543,000

543,000

I

Family Trust

Non-Statutory Stock Options

$ 0.75

10/10/1998

10/10/2007

Common Stock

50,000

50,000

I

Family Trust

Non-Statutory Stock Options

$ 0.75

02/08/2000

02/08/2009

Common Stock

133,333

133,333

I

Family Trust

Non-Statutory Stock Options

$ 0.75

02/28/2000

02/28/2009

Common Stock

66,667

66,667

I

Family Trust

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
HOETZINGER PETER 1263 A LAKE PLAZA DR. COLORADO SPRINGS, X1 80906	X		Vice Chairman/President

Signatures

Peter Hoetzinger		01/05/2005
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Remarks: The sales are being made pursuant to a previously adopted sales plan intended to comply with Rule 1065-1(c)

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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