EXHIBIT 12.1
ELDORADO RESORTS, INC.
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
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| Nine months ended |
| Year ended |
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| September 30, |
| December 31, |
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(dollars in thousands) |
| 2015 |
| 2014 |
| 2014 |
| 2013 |
| 2012 |
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| (unaudited) |
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Earnings available for fixed charges: |
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Pre-tax income (loss) |
| 8,499 |
| (2,293 | ) | (12,554 | ) | 18,897 |
| (991 | ) |
Add: Fixed charges |
| 48,946 |
| 13,398 |
| 30,752 |
| 15,681 |
| 16,069 |
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Less: Capitalized interest |
| — |
| — |
| — |
| — |
| — |
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Less: Net income - noncontrolling interest |
| — |
| — |
| 103 |
| — |
| — |
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Total Earnings available for fixed charges |
| 57,445 |
| 11,105 |
| 18,301 |
| 34,578 |
| 15,078 |
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Fixed charges: |
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Interest expense |
| 48,946 |
| 13,398 |
| 30,752 |
| 15,681 |
| 16,069 |
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Capitalized interest |
| — |
| — |
| — |
| — |
| — |
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Total Fixed charges |
| 48,946 |
| 13,398 |
| 30,752 |
| 15,681 |
| 16,069 |
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Ratio of earnings to fixed charges |
| 1.2 | x | 0.8 | x | 0.6 | x | 2.2 | x | 0.9 | x |
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Excess (Deficiency) of fixed charges over earnings |
| 8,499 |
| (2,293 | ) | (12,451 | ) | 18,897 |
| (991 | ) |