Exhibit 11

Pinnacle Entertainment, Inc.

Computation of Earnings Per Share

	For the three months ended March 31,
	Basic						Diluted (a)
	2007			2006			2007			2006
	(in thousands, except per share data)
Average number of common shares outstanding		57,508			46,385			57,508			46,385
Average common shares due to assumed conversion of stock options		—			—			1,611			1,577
Total shares		57,508			46,385			59,119			47,962
Income from continuing operations	$	3,286		$	15,425		$	3,286		$	15,425
Loss from discontinued operations, net		(377	)		(1,951	)		(377	)		(1,951	)
Net income	$	2,909		$	13,474		$	2,909		$	13,474
Per share data:
Income from continuing operations	$	0.06		$	0.33		$	0.06		$	0.32
Loss from discontinued operations, net		(0.01	)		(0.04	)		(0.01	)		(0.04	)
Net income per share	$	0.05		$	0.29		$	0.05		$	0.28

(a) When the computed diluted values are antidilutive, the basic per share values are presented on the face of the consolidated statements of operations.