Exhibit 12.1

Pinnacle Entertainment, Inc.

Computation of Ratio of Earnings to Fixed Charges

	For the year ended December 31,
	2010		2011		2012		2013		2014
	(in thousands)
Earnings:
Pre-tax income (loss) from continuing operations, before equity method investment  earnings	$	(52,368)	$	31,775	$	22,307	$	(96,254)	$	49,592
Add: Fixed charges		111,449		110,805		119,425		178,723		261,623
Less: Capitalized interest		(4,041)		(10,303)		(20,310)		(3,282)		(2,854)
Total earnings	$	55,040	$	132,277	$	121,422	$	79,187	$	308,361
Fixed Charges:
Interest expense, net of capitalized interest and inclusive of amortization of debt issuance costs	$	103,093	$	95,705	$	94,484	$	170,218	$	253,048
Capitalized interest		4,041		10,303		20,310		3,282		2,854
Estimated interest portion of rent expense		4,315		4,797		4,631		5,223		5,721
Total fixed charges	$	111,449	$	110,805	$	119,425	$	178,723	$	261,623
Ratio of earnings to fixed charges		—		1.2x		1.0x		—		1.2x