Exhibit 11

Pinnacle Entertainment, Inc.

Statement re: Computation of Per Share Earnings

	For the three months ended December 31,
	Basic									Diluted (a)
	2007			2006			2005			2007			2006			2005
	(in thousands, except per share data-unaudited)
Average number of common shares outstanding		59,852			48,120			40,957			59,852			48,120			40,957
Average common shares due to assumed Conversion of stock options		0			0			0			1,136			1,799			2,529
Total Shares		59,852			48,120			40,957			60,988			49,919			43,486
Income (loss) from continuing operations	$	(18,502	)	$	(4,821	)	$	6,739		$	(18,502	)	$	(4,821	)	$	6,739
Income (loss) from discontinuing operations, net		(694	)		(166	)		753			(694	)		(166	)		753
Net income (loss)	$	(19,196	)	$	(4,987	)	$	7,492		$	(19,196	)	$	(4,987	)	$	7,492
Per share data:
Income (loss) from continuing operations	$	(0.31	)	$	(0.10	)	$	0.16		$	(0.30	)	$	(0.10	)	$	0.15
Income (loss) from discontinuing operations, net		(0.01	)		0.00			0.02			(0.01	)		0.00			0.02
Net income (loss) per share	$	(0.32	)	$	(0.10	)	$	0.18		$	(0.31	)	$	(0.10	)	$	0.17
	For the years ended December 31,
	Basic									Diluted (a)
	2007			2006			2005			2007			2006			2005
	(in thousands, except per share data-unaudited)
Average number of common shares outstanding		59,221			47,629			40,703			59,221			47,629			40,703
Average common shares due to assumed Conversion of stock options		0			0			0			1,332			1,643			2,248
Total Shares		59,221			47,629			40,703			60,553			49,272			42,951
Income (loss) from continuing operations	$	(1,385	)	$	61,887		$	(60	)	$	(1,385	)	$	61,887		$	(60	)
Income (loss) from discontinuing operations, net		(21	)		14,999			6,185			(21	)		14,999			6,185
Net income (loss)	$	(1,406	)	$	76,886		$	6,125		$	(1,406	)	$	76,886		$	6,125
Per share data:
Income (loss) from continuing operations	$	(0.02	)	$	1.30		$	0.00		$	(0.02	)	$	1.26		$	0.00
Income (loss) from discontinuing operations, net		(0.00	)		0.31			0.15			(0.00	)		0.30			0.14
Net income (loss) per share		(0.02	)	$	1.61		$	0.15			(0.02	)	$	1.56		$	0.14

(a) When the computed diluted values are anti-dilutive, the basic per share values are presented on the face of the consolidated income statements.