Exhibit 11

Pinnacle Entertainment, Inc.

Computation of Earnings Per Share

	For the three months ended March 31,
	Basic					Diluted (a)
	2006		2005			2006		2005
	(in thousands, except per share data)
Average number of common shares outstanding		46,385		40,502			46,385		40,502
Average common shares due to assumed conversion of stock options		0		0			1,577		1,920
Total shares		46,385		40,502			47,962		42,422
Income (loss) from continuing operations	$	12,554	$	(2,878	)	$	12,554	$	(2,878	)
Income from discontinued operations, net		920		647			920		647
Net income (loss)	$	13,474	$	(2,231	)	$	13,474	$	(2,231	)
Per share data:
Income (loss) from continuing operations	$	0.27	$	(0.07	)	$	0.26	$	(0.06	)
Income from discontinued operations, net		0.02		0.01			0.02		0.01
Net income (loss) per share	$	0.29	$	(0.06	)	$	0.28	$	(0.05	)

(a) When the computed diluted values are antidilutive, the basic per share values are presented on the face of the consolidated statements of operations.