Exhibit 11

Pinnacle Entertainment, Inc.

Computation of Earnings Per Share

	For the three months ended June 30,
	Basic					Diluted (a)
	2006		2005			2006		2005
	(in thousands, except per share data)
Average number of common shares outstanding		47,968		40,534			47,968		40,534
Average common shares due to assumed conversion of stock options		0		0			1,639		1,975
Total shares		47,968		40,534			49,607		42,509
Income (loss) from continuing operations	$	38,696	$	(6,082	)	$	38,696	$	(6,082	)
Income from discontinued operations, net		7,311		1,904			7,311		1,904
Net income (loss)	$	46,007	$	(4,178	)	$	46,007	$	(4,178	)
Per share data:
Income (loss) from continuing operations	$	0.81	$	(0.15	)	$	0.78	$	(0.14	)
Income from discontinued operations, net		0.15		0.05			0.15		0.04
Net income (loss) per share	$	0.96	$	(0.10	)	$	0.93	$	(0.10	)
	For the six months ended June 30,
	Basic					Diluted (a)
	2006		2005			2006		2005
	(in thousands, except per share data)
Average number of common shares outstanding		47,181		40,518			47,181		40,518
Average common shares due to assumed conversion of stock options		0		0			1,617		1,948
Total shares		47,181		40,518			48,798		42,466
Income (loss) from continuing operations	$	54,121	$	(10,557	)	$	54,121	$	(10,557	)
Income from discontinued operations, net		5,360		4,148			5,360		4,148
Net income (loss)	$	59,481	$	(6,409	)	$	59,481	$	(6,409	)
Per share data:
Income (loss) from continuing operations	$	1.15	$	(0.26	)	$	1.11	$	(0.25	)
Income from discontinued operations, net		0.11		0.10			0.11		0.10
Net income (loss) per share	$	1.26	$	(0.16	)	$	1.22	$	(0.15	)

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