Exhibit 12.1

Station Casinos LLC

Computation of Ratio of Earnings to Fixed Charges

	Successor									Predecessors
	Station Casinos LLC									Station Casinos, Inc.												Green Valley Ranch Gaming, LLC
	Three Months Ended March 31, 2013			Year Ended December 31, 2012			Period From June 17, 2011 Through December 31, 2011			Period From January 1, 2011 Through June 16, 2011			Year Ended December 31, 2010			Year Ended December 31, 2009			Year Ended December 31, 2008			Period From January 1, 2011 Through June 16, 2011		Year Ended December 31, 2010			Year Ended December 31, 2009			Year Ended December 31, 2008
				(in thousands)															(in thousands)
Consolidated pretax (loss) income from continuing operations	$	(142,146	)	$	11,712		$	(20,138	)	$	3,249,550		$	(587,438	)	$	(1,969,386	)	$	(3,649,845	)	$	626,364	$	(91,640	)	$	(17,542	)	$	(23,194	)
Less: (Earnings) losses of equity investees	(519		)	(1,773		)	1,533			16,397			315,204			168,445			30,623			—		—			—			—
Fixed charges (see below)	44,590			197,972			97,155			49,753			122,582			300,714			417,880			20,876		49,103			52,425			56,204
Distributed income from equity investees	291			1,847			794			1,118			2,419			1,897			2,598			—		—			—			—
Less: Capitalized interest	—			(3,721		)	(2,155		)	(2,939		)	(10,078		)	(15,989		)	(27,087		)	—		—			—			—
Earnings	(97,784		)	206,037			77,189			3,313,879			(157,311		)	(1,514,319		)	(3,225,831		)	647,240		(42,537		)	34,883			33,010
Interest expense (a)	43,299			189,505			92,299			43,294			104,582			276,591			379,313			20,582		48,644			51,916			55,032
Capitalized interest	—			3,721			2,155			2,939			10,078			15,989			27,087			—		—			—			—
Estimated interest within rental expense (b)	1,291			4,746			2,701			3,520			7,922			8,134			11,480			294		459			509			1,172
Fixed Charges	44,590			197,972			97,155			49,753			122,582			300,714			417,880			20,876		49,103			52,425			56,204
Ratio of Earnings to Fixed Charges (c)				1.0						66.6												31.0
Excess of fixed charges over earnings	142,374			—			19,966			—			279,893			1,815,033			3,643,711			—		91,640			17,542			23,194

(a)    Interest expense includes amortization of debt discount and debt issuance costs.

(b)    Interest within rental expense is estimated to equal approximately one-third.

(c)    No ratio is shown for periods where earnings were inadequate to cover fixed charges