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
	Year Ended December 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			Period From January 1, 2011 Through June 16, 2011		Year Ended December 31, 2010			Year Ended December 31, 2009
	(in thousands)									(in thousands)

Consolidated pretax (loss) income from continuing operations	$	(113,493	)	$	11,712		$	(20,138	)	$	3,249,550		$	(587,438	)	$	(1,969,386	)	$	626,364	$	(91,640	)	$	(17,542	)

Less: (Earnings) losses of equity investees	(1,603		)	(1,773		)	1,533			16,397			315,204			168,445			—		—			—

Fixed charges (see below)	169,157			197,972			97,155			49,753			122,582			300,714			20,876		49,103			52,425

Distributed income from equity investees	1,623			1,847			794			1,118			2,419			1,897			—		—			—

Less: Capitalized interest	—			(3,721		)	(2,155		)	(2,939		)	(10,078		)	(15,989		)	—		—			—

Earnings	55,684			206,037			77,189			3,313,879			(157,311		)	(1,514,319		)	647,240		(42,537		)	34,883

Interest expense (a)	164,667			189,505			92,299			43,294			104,582			276,591			20,582		48,644			51,916

Capitalized interest	—			3,721			2,155			2,939			10,078			15,989			—		—			—

Estimated interest within rental expense	4,490			4,746			2,701			3,520			7,922			8,134			294		459			509

Fixed Charges	169,157			197,972			97,155			49,753			122,582			300,714			20,876		49,103			52,425

Ratio of Earnings to Fixed Charges (c)				1.0						66.6									31.0

Excess of fixed charges over earnings	113,473			—			19,966			—			279,893			1,815,033			—		91,640			17,542

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

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