Echelon Resorts S-4 Registration of securities issued in business combination transactions

Exhibit 12.1

Boyd Gaming Corporation

Computation of Ratio of Earnings to Fixed Charges

($ in thousands, except for ratios)

(unaudited)

	Six Months Ended June 30,						Years Ended December 31,
	2011			2010			2010			2009			2008			2007			2006
Earnings to Fixed Charges:
Earnings:
Income from continuing operations	$	(14,151	)	$	30,869		$	26,924		$	5,317		$	(249,536	)	$	184,935		$	246,839
Equity earnings		—			(8,146	)		(8,146	)		(72,126	)		(56,356	)		(83,136	)		(86,196	)
Fixed charges		126,137			66,669			173,003			153,181			154,347			162,893			153,765
(1) Amortization of capitalized interest		—			—			—			—			—			—			—
Distributed income of equity investees		—			1,910			1,910			60,136			19,579			70,570			82,603
Guranteed pre-tax losses of equity investees		—			—			—			—			—			—			—
Additions		111,986			91,302			193,691			146,508			(131,966	)		335,262			397,011
Capitalized interest		—			—			—			378			37,667			18,060			7,481
Dividends on preferential securities		—			—			—			—			—			—			—
Noncontrolling interest in pre-tax income of subsidiaries		—			—
Subtractions		—			—			—			378			37,667			18,060			7,481
Earnings		111,986			91,302			193,691			146,130			(169,633	)		317,202			389,530
Fixed Charges:
Interest expensed		123,985			63,657			168,699			146,830			110,146			137,573			145,545
Interest capitalized		—			—			—			378			37,667			18,060			7,481
(2) Amortization of debt issuance costs		—			—			—			—			—			—			—
(3) Interest component of rental expense		2,152			3,012			4,304			5,973			6,534			7,260			739
Dividend requirements on preferential securities		—			—			—			—			—			—
Fixed Charges		126,137			66,669			173,003			153,181			154,347			162,893			153,765
Ratio of earnings to fixed charges					1.4	x		1.1	x								1.9	x		2.5	x
Deficiency of earnings to fixed charges	$	(14,151	)	$	—		$	—		$	(7,051	)	$	(323,980	)	$	—		$	—

(1) Included in interest expense, and therefore in the fixed charge add back

(2) Included in interest expense

(3) Assumed to be the one-third estimate used in the indenture calculations, as all leases are operating, and don’t have a prescribed interest factor.