Exhibit 12.1
Jacobs Entertainment, Inc. Ratio of earnings to fixed charges
For the years ended 1997-2001
For the Year Ended Three
-------------------- Months Ended
1997 1998 1999 2000 2001 March 31, 2002
----- ----- ----- ----- ------ ---------------
Earnings:
Pre-tax income from continuing operations $ 92 $1,276 $ 135 $(1,108) $ (45) $ 1,364
Add: Fixed charges 1,638 3,890 3,669 3,206 4,831 3,473
Add: Amortization of capitalized interest 10 12 32 32 32 --
Add: Distributed income of equity investees (1,068) (147) 2,468 2,500 6,208 --
------- ------ ------ ------- ------- -------
Total Earnings $ 672 $5,031 $6,304 $ 4,630 $11,026 $ 4,837
======= ====== ====== ======= ======= =======
Fixed Charges:
Interest expense $ 278 $2,929 $2,905 $ 2,519 $ 4,230 $ 3,288
Interest capitalized 1,068 147 -- -- -- --
Amortization of capitalized expenses related to indebtedness -- 145 159 28 4 97
Estimated interest on rental expense 292 669 605 659 597 88
------- ------ ------ ------- ------- -------
Total Fixed Charges $ 1,638 $3,890 $3,669 $ 3,206 $ 4,831 $ 3,473
======= ====== ====== ======= ======= =======
Ratio of Earnings to Fixed Charges .41 1.30 1.72 1.44 2.28 1.4
======= ====== ====== ======= ======= =======