Exhibit 11

Pinnacle Entertainment, Inc.

Computation of Earnings Per Share

(in thousands, except per share data)

	For the three months ended June 30,
	Basic						Diluted (a)
	2014			2013			2014			2013
Average number of common shares outstanding	59,593			58,523			59,593			58,523
Average common shares due to assumed conversion of stock options	—			—			—			—
Total shares	59,593			58,523			59,593			58,523
Loss from continuing operations	$	(2,317	)	$	(7,100	)	$	(2,317	)	$	(7,100	)
Income from discontinued operations, net of income taxes	26			1,993			26			1,993
Net loss	$	(2,291	)	$	(5,107	)	$	(2,291	)	$	(5,107	)
Per share data:
Loss from continuing operations	$	(0.04	)	$	(0.12	)	$	(0.04	)	$	(0.12	)
Income from discontinued operations, net of income taxes	—			0.03			—			0.03
Net loss per share	$	(0.04	)	$	(0.09	)	$	(0.04	)	$	(0.09	)
	For the six months ended June 30,
	Basic						Diluted (a)
	2014			2013			2014			2013
Average number of common shares outstanding	59,429			58,431			59,429			58,431
Average common shares due to assumed conversion of stock options	—			—			1,899			—
Total shares	59,429			58,431			61,328			58,431
Income (loss) from continuing operations	$	16,427		$	(94,886	)	$	16,427		$	(94,886	)
Income from discontinued operations, net of income taxes	325			4,388			325			4,388
Net income (loss)	$	16,752		$	(90,498	)	$	16,752		$	(90,498	)
Per share data:
Income (loss) from continuing operations	$	0.28		$	(1.62	)	$	0.27		$	(1.62	)
Income from discontinued operations, net of income taxes	—			0.07			—			0.07
Net income (loss) per share	$	0.28		$	(1.55	)	$	0.27		$	(1.55	)

(a)    When the computed diluted values are antidilutive, the basic per share values are presented on the face of the unaudited Condensed Consolidated Statements of Operations.