Exhibit 12.1

Boyd Gaming Corporation

Computation of Ratio of Earnings to Fixed Charges

(Unaudited)

	Nine Months Ended September 30,						Year Ended December 31,
(In thousands, except ratio amounts)	2016			2015			2015			2014			2013			2012			2011
Income/(loss) from continuing operations before income taxes and (income) loss from unconsolidated affiliates	$	20,500		$	19,198		$	4,061		$	(56,033	)	$	(55,887	)	$	(1,112,498	)	$	(15,154	)
Add:
Fixed charges		179,333			179,434			234,380			241,108			272,046			212,484			171,261
Subtract:
Interest capitalized		(329	)		(121	)		(136	)		(1,232	)		(1,108	)		(231	)		—
Earnings/(losses), as defined (1)	$	199,504		$	198,511		$	238,305		$	183,843		$	215,051		$	(900,245	)	$	156,107
Fixed Charges:
Interest expensed, net of interest capitalized	$	170,155		$	170,624		$	224,590		$	230,060		$	262,995		$	207,102		$	165,959
Interest capitalized		329			121			136			1,232			1,108			231			—
Interest component of rental expense		8,849			8,689			9,654			9,816			7,943			5,151			5,302
Fixed Charges (2)	$	179,333		$	179,434		$	234,380		$	241,108		$	272,046		$	212,484		$	171,261
Ratio of earnings to fixed charges		1.2x			1.2x			1.0x			—			—			—			—
Deficiency of earnings to fixed charges		—			—			—		$	(57,265	)	$	(56,995	)	$	(1,112,729	)	$	(15,154	)

(1) For purposes of computing this ratio, “earnings” consist of income before income taxes and income/(loss) from unconsolidated affiliates, plus fixed charges (excluding capitalized interest) and distributed income of equity investees. Current year amortization of previously capitalized interest is not included as these amounts are not material.

(2) For purposes of computing this ratio, “fixed charges” include interest whether expensed or capitalized, amortization of debt expense, discount, or premium related to indebtedness (included in interest expense), and such portion of rental expense that we deem to be a reasonable representation of the interest factor.