Exhibit 11

Pinnacle Entertainment, Inc.

Computation of Earnings Per Share

	For the three months ended September 30,
	Basic					Diluted
	2006		2005			2006		2005
	(in thousands)
Average number of common shares outstanding		48,022		40,812			48,022		40,812
Average common shares due to assumed conversion of stock options		0		0			1,459		2,628
Total shares		48,022		40,812			49,481		43,440
Income from continuing operations	$	12,587	$	3,758		$	12,587	$	3,758
Income from discontinued operations, net		9,805		1,284			9,805		1,284
Net income	$	22,392	$	5,042		$	22,392	$	5,042
Per share data:
Income from continuing	$	0.26	$	0.09		$	0.25	$	0.09
Income from discontinued operations, net		0.21		0.03			0.20		0.03
Net income per share	$	0.47	$	0.12		$	0.45	$	0.12
	For the nine months ended September 30,
	Basic					Diluted
	2006		2005			2006		2005
Average number of common shares outstanding		47,464		40,617			47,464		40,617
Average common shares due to assumed conversion of stock options		0		0			1,569		2,160
Total shares		47,464		40,617			49,033		42,777
Income from continuing operations	$	66,708	$	(6,799	)	$	66,708	$	(6,799	)
Income from discontinued operations, net		15,165		5,432			15,165		5,432
Net income	$	81,873	$	(1,367	)	$	81,873	$	(1,367	)
Per share data:
Income from continuing operations	$	1.40	$	(0.17	)	$	1.36	$	(0.17	)
Income from discontinued operations, net		0.32		0.14			0.31		0.14
Net income per share	$	1.72	$	(0.03	)	$	1.67	$	(0.03	)

(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.