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Exhibit 12.1

Penn National Gaming, Inc.
Computation of Ratio of Earnings to Fixed Charges
(In Thousands, Except Ratio)

			Year Ended December 31,															Three Months Ended March 31,
			1999			2000			2001			2002			2003			2003			2004
Earnings, as defined:
Income from continuning operations before provision for income taxes			$	10,510		$	17,514		$	36,366		$	49,794		$	83,163		$	21,532		$	28,367
	Less income from equity investee			(1,098	)		(2,322	)		(2,531	)		(1,965	)		(1,825	)		(588	)		(460	)
	Add:
		Interest expense		8,667			19,089			43,652			40,068			93,245			16,352			25,698
		Estimate of interest included in rental expense		432			1,178			1,332			1,733			2,200			556			582
		Writeoff of deferred financing fees		—			11,198			—			7,924			1,310			1,310			—
		Amortization of capitalized debt costs and premium on debt		946			1,555			2,444			2,036			4,247			758			1,423
		Distributed income of equity investee		—			511			2,928			—			790			—			3,112
Earnings as defined			$	19,457		$	48,723		$	84,191		$	99,590		$	183,130		$	39,920		$	58,722
Fixed Charges
Interest expense			$	8,667		$	19,089		$	43,652		$	40,068		$	93,245		$	16,352		$	25,698
Estimate of interest included in rental expense				432			1,178			1,332			1,733			2,200			556			582
Writeoff of deferred financing fees				—			11,198			—			7,924			1,310			1,310			—
Amortization of capitalized debt cost and premium on debt				946			1,555			2,444			2,036			4,247			758			1,423
Capitalized interest				—			229			500			1,610			305			30			—
Total fixed charges			$	10,045		$	33,249		$	47,928		$	53,371		$	101,307		$	19,006		$	27,703
Ratio of earnings to fixed charges				2.1			1.5			1.8			1.9			1.8			2.1			2.1

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Exhibit 12.1

Penn National Gaming, Inc. Computation of Ratio of Earnings to Fixed Charges (In Thousands, Except Ratio)