乐天堂fun88(中国区)官方网站 International LLC                                          Exhibit 12.1
Ratio of Earnings to Fixed Charges




<TABLE>
<CAPTION>
                                                               乐天堂fun88(中国区)官方网站 International
                                                   Three Months                                       乐天堂fun88(中国区)官方网站 Specialty
                                                      Ended            Year        Six Months       Six Months      Year
                                                    March 31,          Ended          Ended            Ended         Ended
                                                 -----------------   December 31,   December 31,      June 30,    December 31,
                                                  2001       2000       2000           1999            1999          1998
                                                 ------    -------      -----         -----            -----         -----
<S>                                              <C>       <C>          <C>          <C>              <C>           <C>
Fixed Charges:                                                            (dollars in millions)
 Interest Expense (includes amortization of
   deferred financing costs).................   $  60         54        $ 222         $ 104           $  18         $  40
 Interest portion of rent expense............       2          2            7             5              -             -
                                                --------------------------------------------------------------------------------
Total Fixed Charges..........................   $  62         56        $ 229         $ 109           $  18         $  40
                                                ================================================================================
Earnings:
 Income (loss) from operations operation
  before taxes...............................   $  13         41        $ 184         $ 100           $  35         $  15

Fixed Charges:                                     62         56          229           109              18            40
Less:
 Minority interest in pre-tax income of
  subsidiaries...............................       1          1            3             1              -             -
                                                --------------------------------------------------------------------------------
Total Earnings...............................   $  74         96        $ 410         $ 208           $  53         $  55
                                                ================================================================================
 Ratio of Earnings to Fixed Charges..........     1.7x       1.2x         1.8x          1.9x            2.9x          1.4x
 Deficiency of Earnings to Fixed Charges.....
</TABLE>

<TABLE>
<CAPTION>
                                                  乐天堂fun88(中国区)官方网站 Specialty            Predecessor
                                                     Ten Months          Two Months
                                                        Ended              Ended
                                                     December 31,        February 28,
                                                        1997                1997                1996
                                                       -----               -----               -----
<S>                                               <C>                     <C>               <C>
                                                                 (dollars in millions)
Fixed Charges:
 Interest Expense (includes amortization of
  deferred financing costs)....................           $  35              $ -                $  -

 Interest portion of rent expense..............              -                                     11
                                                  ---------------------------------------------------------------
Total Fixed Charges............................           $  35              $  0               $  11
                                                  ===============================================================
Earnings:
 Income (loss) from operations operation before
  taxes........................................           $   5              $ (6)              $  19

Fixed Charges:.................................              35                 0                  11
Less:
 Minority interest in pre-tax income
  of subsidiaries..............................              -                 -                   -
                                                  ---------------------------------------------------------------
Total Earnings.................................           $  40              $ (6)              $  30
                                                  ===============================================================
 Ratio of Earnings to Fixed Charges............             1.1x               -                  2.7x
 Deficiency of Earnings to Fixed Charges.......                              $  6

</TABLE>

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