Exhibit 12

Pinnacle Entertainment, Inc.

Computation of Ratio of Earnings to Fixed Charges

	For the year ended December 31,
	2007			2008			2009			2010			2011
	(in thousands)
Earnings:
Pre-tax income (loss) from continuing operations, before equity method investment earnings	$	10,891		$	(153,456	)	$	(63,335	)	$	(52,534	)	$	33,119
Add: Fixed charges		71,710			81,645			88,005			111,811			110,805
Less: Capitalized interest		(22,935	)		(24,877	)		(13,758	)		(4,041	)		(10,303	)
Total Earnings	$	59,666		$	(96,688	)	$	10,912		$	55,236		$	133,621
Fixed Charges:
Interest expense, net of capitalized interest and inclusive of amortization of debt issuance costs	$	45,288		$	52,476		$	70,335		$	103,093		$	95,705
Capitalized interest		22,935			24,877			13,758			4,041			10,303
Estimated interest portion of rent expense		3,487			4,292			3,912			4,677			4,797
Total fixed charges		71,710			81,645			88,005			111,811			110,805
Ratio of earnings to fixed charges		—			—			—			—			1.21x