Exhibit 11

Pinnacle Entertainment, Inc.
Computation of Earnings Per Share

	For the three months ended June 30,
	Basic						Diluted (a)
	2010			2009			2010			2009
	(in thousands, except per share data)
Average number of common shares outstanding		60,718			60,064			60,718			60,064
Average common shares due to assumed conversion of stock options		—			—			—			787
Total shares		60,718			60,064			60,718			60,851
Income (loss) from continuing operations	$	(41,564	)	$	8,976		$	(41,564	)	$	8,976
Income (loss) from discontinued operations, net of income taxes		(7,750	)		(4,268	)		(7,750	)		(4,268	)
Net income (loss)	$	(49,314	)	$	4,708		$	(49,314	)	$	4,708
Per share data:
Income (loss) from continuing operations	$	(0.68	)	$	0.15		$	(0.68	)	$	0.15
Income (loss) from discontinued operations, net of income taxes		(0.13	)		(0.07	)		(0.13	)		(0.07	)
Net income (loss) per share	$	(0.81	)	$	0.08		$	(0.81	)	$	0.08

	For the six months ended June 30,
	Basic						Diluted (a)
	2010			2009			2010			2009
	(in thousands, except per share data)
Average number of common shares outstanding		60,414			60,036			60,414			60,036
Average common shares due to assumed conversion of stock options		—			—			—			1,295
Total shares		60,414			60,036			60,414			61,331
Income (loss) from continuing operations	$	(39,775	)	$	12,442		$	(39,775	)	$	12,442
Income (loss) from discontinued operations, net of income taxes		27,204			(6,803	)		27,204			(6,803	)
Net income (loss)	$	(12,571	)	$	5,639		$	(12,571	)	$	5,639
Per share data:
Income (loss) from continuing operations	$	(0.66	)	$	0.20		$	(0.66	)	$	0.20
Income (loss) from discontinued operations, net of income taxes		0.45			(0.11	)		0.45			(0.11	)
Net income (loss) per share	$	(0.21	)	$	0.09		$	(0.21	)	$	0.09

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