Resorts International Hotel & Casino, Inc.
Exhibit 12.1
Computation of Earnings to Fixed Charges
(Dollars in Thousands)
Unaudited
Three Period from Period from
Months April 25, January 1,
Ended 2001 to 2001 to
March 31, December 31, April 24,
2002 2001 2001 2001 2000 1999 1998
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(Successor) (Predecessor) (Successor) Predecessor) (Predecessor)(Predecessor)(Predecessor)
Earnings
Pre-tax income (loss
from operations 3,630 (5,510) 12,783 (4,893) (22,406) (33,363) (5,511)
Fixed Charges 2,778 6,196 7,117 7,918 25,179 21,337 19,762
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Total earnings
available for
fixed charges 6,408 686 19,900 3,025 2,773 (12,026) 14,251
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Fixed Charges
Interest expense 2,461 6,088 6,219 7,673 24,703 20,999 19,455
Interest component
of operating leases 317 108 898 245 476 338 307
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Total fixed charges 2,778 6,196 7,117 7,918 25,179 21,337 19,762
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Ratio of earnings to
fixed charges 2.31 0.11 2.80 0.38 0.11 0.00 0.72
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(1)
1997
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(Predecessor)
Earnings
Pre-tax income (loss
from operations (2,928)
Fixed Charges 19,086
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Total earnings
available for
fixed charges 16,158
==========
Fixed Charges
Interest expense 18,639
Interest component
of operating leases 447
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Total fixed charges 19,086
==========
Ratio of earnings to
fixed charges 0.85
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(1) Earnings were inadequate to cover fixed charges by $9,311 for 1999.
Per this ratio, earnings consist of income (loss) before income taxes plus
fixed charges. Fixed charges consist of interest expensed plus the portion
of rent expense under the operating leases deemed by us to be
representative of the interest factor. Assuming the closing of the offering
of the original notes and application of the related proceeds had occurred
on April 25, 2001, the fixed charge ratio for the period from April 25,
2001 to December 31, 2001 would have been 1.24:1.