Charles Gillespie: Yeah. I think it’s great for us. The more focused on ROI there, the more they will invest into the affiliate channel, the performance marketing channel, because it’s just basically guaranteed ROI. And to the extent the overall U.S. landscape improves its profitability then it creates kind of warmer waters for more operators to enter the U.S. There’s been some kind of high profile exits and I think that’s in part due to this — the incredible amount of non-performance marketing that these operators were doing for the last couple of years and everyone felt like they had to do that to compete. And I think the market will there, I say, move in a slightly more European direction where the marketing and advertising will be more performance driven.
And thus, everybody’s bottomline will prove and the entire kind of the attractiveness of the entire endeavor will improve and that would potentially see more people entering the space, which is a good thing for us.
David Katz: Understood. And if I can just go back to the repurchase, which is a nice surprise, if you could talk about that decision in comparison to other acquisition opportunities that may be out there and whether this implies anything about the lack thereof, is this and rather than or? Just help us think that true.
Charles Gillespie: Yeah. It’s definitely in and situation. Look, obviously, a company called Gambling.com Group likes the name names, right? And we have done — we have built an absolutely brilliant business off of Gambling.com and for the listeners that may not know the full story there. We bought that domain in 2011 for $2.5 million and the business behind that website now is just incredible. And we see an opportunity to not only do the same thing with Casinos.com, but do it faster with all the lessons we have learned in the past 11 years and do it, frankly, with more laser focus, because Gambling.com covers everything, right? Gambling.com touches anything related to gambling, poker, bingo, sports betting, casino. Whereas Casinos.com is just casinos and casino is, as I am sure everyone on the call knows, the most lucrative gaming product, the slots and the casino games are simply the — where the money is made in this industry.
And by having Casinos.com, I mean, we just couldn’t — we couldn’t think of a better domain other than that. So when the opportunity came up to buy it, we didn’t hesitate and it’s a very exciting project and it has the potential to play well with M&A in the future also. It obviously opens up even more options for us as we look at what we are going to do with Casinos.com and how we achieve its full potential.
David Katz: Thank you very much.
Operator: There are no further questions at this time. I would like to turn the floor back over to management for closing comments.
Charles Gillespie: Thanks, everybody, for joining us today. It’s been a pleasure. We look forward to finishing the year strong and updating you with our full year results next year. Thank you very much.
Operator: This concludes today’s teleconference. You may disconnect your lines at this time. Thank you for your participation.