Exhibit 11

Pinnacle Entertainment, Inc.

Computation of Earnings Per Share

(in thousands, except per share data)

	For the three months ended March 31,
	Basic					Diluted (a)
	2014		2013			2014			2013
Average number of common shares outstanding	59,263		58,339			59,263			58,339
Average common shares due to assumed conversion of stock options	—		—			1,887			—
Total shares	59,263		58,339			61,150			58,339
Income (loss) from continuing operations	$	18,744	$	(87,787	)	$	18,744		$	(87,787	)
Income from discontinued operations, net of income taxes	299		2,396			299			2,396
Net income (loss)	$	19,043	$	(85,391	)	$	19,043		$	(85,391	)
Per share data:
Income (loss) from continuing operations	$	0.32	$	0.31		$	(1.50	)	$	(1.50	)
Income from discontinued operations, net of income taxes	—		—			0.04			0.04
Net income (loss) per share	$	0.32	$	0.31		$	(1.46	)	$	(1.46	)

(a)    When the computed diluted values are antidilutive, the basic per share values are presented on the face of the unaudited Condensed Consolidated Statements of Operations.