Exhibit 11

Pinnacle Entertainment, Inc.

Computation of Earnings Per Share

	For the three months ended March 31,
	Basic						Diluted (a)
	2008			2007			2008			2007
	(in thousands, except per share data)
Average number of common shares outstanding		59,949			57,508			59,949			57,508
Average common shares due to assumed conversion of stock options		—			—			136			1,611
Total shares		59,949			57,508			60,085			59,119
Income (loss) from continuing operations	$	(16,148	)	$	3,286		$	(16,148	)	$	3,286
Income (loss) from discontinued operations, net		21,202			(377	)		21,202			(377	)
Net income	$	5,054		$	2,909		$	5,054		$	2,909
Per share data:
Income (loss) from continuing operations	$	(0.27	)	$	0.06		$	(0.27	)	$	0.06
Income (loss) from discontinued operations, net		0.35			(0.01	)		0.35			(0.01	)
Net income per share	$	0.08		$	0.05		$	0.08		$	0.05

(a) When the computed diluted values are antidilutive, the basic per share values are presented on the face of the Condensed Consolidated Income Statements (Unaudited).