Pinnacle Entertainment (PNKZV) 8-K Other Events

EXHIBIT 12.1

Pinnacle Entertainment, Inc.	($ in thousands)
Ratio of Earnings to Fixed Charges

	Year Ended December 31,																		Nine Months Ended September 30,
	1998			1999			2000			2001			2002			2003			2003			2004
Earnings:
Pre-tax income (loss)	$	21,611		$	84,973		$	131,888		$	(50,555	)	$	(19,071	)	$	(34,636	)	$	(19,942	)	$	30,280
Add fixed charges		26,751			69,531			63,903			53,467			53,792			59,736			44,021			45,085
Less capitalized interest		(2,142	)		(1,359	)		(8,148	)		(481	)		(788	)		(1,513	)		(864	)		(3,067	)
Total Earnings	$	46,220		$	153,145		$	187,643		$	2,431		$	33,933		$	23,587		$	23,215		$	72,297
Fixed Charges:
Interest expense - inclusive of the amortization of debt issuance costs	$	22,518		$	64,573		$	52,620		$	49,853		$	49,688		$	54,881		$	40,753		$	39,858
Capitalized interest		2,142			1,359			8,148			481			788			1,513			864			3,067
Estimated interest portion in rent expense		2,091			3,599			3,135			3,133			3,316			3,342			2,404			2,159
Total Fixed Charges	$	26,751		$	69,531		$	63,903		$	53,467		$	53,792		$	59,736		$	44,021		$	45,085
Ratio of earnings to fixed charges(1)		1.73x			2.20x			2.94x			0.05x			0.63x			0.39x			0.53x			1.60x
										$	51,036		$	19,859		$	36,149		$	20,806

(1) In computing the ratio of earnings to fixed charges: (1) earnings were calculated from income from continuing operations, before income taxes, and fixed charges, and excluding capitalized interest; and (2) fixed charges were computed from interest expense, amortization of debt issuance costs, capitalized interest, and the estimated interest included in rental expense. Earnings were insufficient to cover fixed charges by $51.0 million for the year ended December 31, 2001, $19.9 million for the year ended 2002, $36.1 million for the year ended 2003, and $20.8 million for the nine months ended September 30, 2003.