Exhibit 12.1
Pinnacle Entertainment, Inc.
Ratio of Earnings to Fixed Charges
Ratio of Earnings to Fixed Charges
| 2005 | 2006 | 2007 | 2008 | 2009 | ||||||||||||||||
| ($ in thousands) | ||||||||||||||||||||
Earnings: | ||||||||||||||||||||
| Pre-tax income (loss) from continuing operations | $ | (22,408 | ) | $ | 100,302 | $ | 7,487 | $ | (215,167 | ) | $ | (89,979 | ) | |||||||
| Add fixed charges | 53,299 | 56,025 | 28,861 | 56,807 | 74,172 | |||||||||||||||
Total Earnings | $ | 30,891 | $ | 156,327 | $ | 36,348 | $ | (158,360 | ) | $ | (15,807 | ) | ||||||||
Fixed Charges: | ||||||||||||||||||||
| Interest expense — inclusive of the amortization of debt issuance costs | $ | 49,535 | $ | 53,657 | $ | 25,344 | $ | 52,479 | $ | 70,239 | ||||||||||
| Estimated interest portion in rent expense | 3,764 | 2,368 | 3,517 | 4,328 | 3,933 | |||||||||||||||
Total Fixed Charges | $ | 53,299 | $ | 56,025 | $ | 28,861 | $ | 56,807 | $ | 74,172 | ||||||||||
Ratio of earnings (loss) to fixed charges | 0.61x | 2.79x | 1.26x | (4.45)x | (0.21)x | |||||||||||||||