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, 2014			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			Period From January 1, 2011 Through June 16, 2011		Year Ended December 31, 2010
							(in thousands)						(in thousands)

Consolidated pretax (loss) income from continuing operations	$	114,736		$	(87,840	)	$	25,219		$	(20,138	)	$	3,249,550		$	(587,438	)	$	626,364	$	(91,640	)

Less: (Earnings) losses of equity	(1,037		)	(1,603		)	(1,773		)	1,533			16,397			315,204			—		—

Fixed charges (see below)	155,486			169,112			197,948			97,155			49,753			122,582			20,876		49,103

Distributed income from equity investees	1,877			1,623			1,847			794			1,118			2,419			—		—

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

Earnings	271,062			81,292			219,520			77,189			3,313,879			(157,311		)	647,240		(42,537		)

Interest expense (a)	150,995			164,622			189,481			92,299			43,294			104,582			20,582		48,644

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

Estimated interest within rental expense	4,491			4,490			4,746			2,701			3,520			7,922			294		459

Fixed Charges	155,486			169,112			197,948			97,155			49,753			122,582			20,876		49,103

Ratio of Earnings to Fixed Charges (c)	1.7						1.1						66.6						31.0

Excess of fixed charges over earnings	—			87,820			—			19,966			—			279,893			—		91,640

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

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