EXHIBIT 12
COAST HOTELS AND CASINOS, INC.
(A WHOLLY OWNED SUBSIDIARY OF COAST RESORTS, INC.)
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
HISTORICAL PRO FORMA
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THREE MONTHS
ENDED THREE MONTHS
YEAR ENDED DECEMBER 31, MARCH 31, YEAR ENDED ENDED
------------------------------------------- -------------- DECEMBER 31, MARCH 31,
1991 1992 1993 1994 1995 1995 1996 1995 1996
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(DOLLARS IN THOUSANDS)
Income before income
taxes.................. $18,109 $20,946 $17,368 $14,963 $14,226 $3,128 $5,837 $(10,788) $3,170
Interest capitalized.... -- -- -- -- (235) (57) (701) (235) (701)
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Adjusted income before
income taxes........... 18,109 20,946 17,368 14,963 13,991 3,071 5,136 (11,023) 2,469
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Fixed charges
Interest expense....... 4,081 1,909 889 345 3,886 379 4,306 29,108 6,973
Interest portion of
rentals............... 164 151 139 155 187 47 47 47 47
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Total fixed charges... 4,245 2,060 1,028 500 4,073 426 4,353 29,155 7,020
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Earnings before income
taxes and fixed
charges................ $22,354 $23,006 $18,396 $15,463 $18,064 $3,497 $9,489 $ 18,132 $9,489
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Ratio of earnings to
fixed charges.......... 5.3x 11.2x 17.9x 30.9x 4.4x 8.2x 2.2x -- (1) 1.4x
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(1) The pro-forma ratio of earnings to fixed charges for the year ended
December 31, 1995 has not been computed since earnings were not sufficient
to cover fixed charges. The coverage deficiency for the year ended December
31, 1995 was approximately $11,023,000.