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EXHIBIT 12.1
ALLIANCE GAMING CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(DOLLARS IN THOUSANDS)
THREE-MONTH
PERIOD ENDED
FISCAL YEARS ENDED JUNE 30, SEPTEMBER 30,
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1993 1994 1995 1996 1997 1996 1997
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Earnings:
Net income (loss)......... $(3,650) $(13,128) $(10,751) $(59,897) $ 5,785 635 (60,909)
Income taxes.............. -- 241 265 755 7,993 1,341 493
Imputed interest on
rents(1)............... 741 1,996 484 398 364 102 105
Interest and debt discount
amortization........... 5,046 6,830 8,133 8,897 23,626 6,250 6,069
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Earnings (loss) as defined
for ratio.............. 2,137 (4,061) (1,869) (49,847) 37,768 8,328 (54,242)
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Fixed charges:
Imputed interest on
rents(1)............... 741 1,996 484 398 364 102 105
Interest and debt discount
amortization........... 5,046 6,830 8,133 8,897 23,626 6,250 6,069
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Fixed charges as defined for
ratio..................... 5,787 8,826 8,617 9,295 23,990 6,352 6,174
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Ratio of earnings to fixed
charges................... -- -- -- -- 1.6 1.3 --
Amounts by which earnings
were inadequate to cover
fixed charges............. (3,650) (12,887) (10,486) (59,142) -- -- (60,416)
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(1) Imputed interest on rents is calculated by taking 33% of total rents in each
period presented.