EXHIBIT 12.1

Pinnacle Entertainment, Inc.

Ratio of Earnings to Fixed Charges

	Year Ended December 31,															Three Months Ended March 31,
	1999			2000			2001			2002			2003			2003			2004
	($ in thousands)
Earnings:
Pre-tax income (loss)	$	84,973		$	131,888		($	50,555	)	($	19,071	)	($	34,636	)	($	1,154	)	$	2,163
Add fixed charges		69,531			63,903			53,467			53,792			59,736			13,158			15,154
Less capitalized interest		(1,359	)		(8,148	)		(481	)		(788	)		(1,513	)		(166	)		(849	)
Total Earnings	$	153,145		$	187,643		$	2,431		$	33,933		$	23,587		$	11,837		$	16,468
Fixed Charges:
Interest expense - inclusive of the amortization of debt issuance costs	$	64,573		$	52,620		$	49,853		$	49,688		$	54,881		$	12,357		$	13,571
Capitalized interest		1,359			8,148			481			788			1,513			166			849
Estimated interest portion in rent expense		3,599			3,135			3,133			3,316			3,342			634			734
Total Fixed Charges	$	69,531		$	63,903		$	53,467		$	53,792		$	59,736		$	13,158		$	15,154
Ratio of earnings to fixed charges		2.20x			2.94x			0.05x			0.63x			0.39x			0.90x			1.09x
																$	1,320