Exhibit 12.1

Pinnacle Entertainment, Inc.
Computation of Ratio of Earnings to Fixed Charges

	2005			2006			2007			2008			2009
	(in thousands)
Earnings:
Pre-tax income (loss)	$	(17,350	)	$	102,909		$	(1,851	)	$	(424,741	)	$	(255,086	)
Add fixed charges		62,385			62,023			72,339			82,521			102,228
Less capitalized interest		(7,130	)		(5,750	)		(42,851	)		(25,144	)		(13,758	)
Total earnings	$	37,905		$	159,182		$	27,637		$	(367,364	)	$	(166,616	)
Fixed charges
Interest expense — inclusive of the amortization of debt issuance costs	$	49,535		$	53,678		$	25,715		$	53,049		$	84,315
Capitalized interest		7,130			5,750			42,851			25,144			13,758
Estimated interest portion of rent expense		5,720			2,595			3,773			4,328			4,155
Total fixed charges	$	62,385		$	62,023		$	72,339		$	82,521		$	102,228
Ratio of earnings to fixed charges		0.61 x			2.57 x			0.38 x		$	(4.45)x		$	(1.63)x