Haendel St. Juste: Got it. Got it. Thank you, guys. I’ll leave.
Peter Carlino: Thank you.
Operator: Our next question comes from the line of Rich Anderson with SMBC. Please proceed with your question.
Rich Anderson: Thanks. Good morning, everyone. So you get some form of this question every quarter probably, but a lot of talk about expanding outside of gaming. And I wonder if it’s in between the four walls of GLPI, if it’s going something like the TRS deal that Peter, you got talked into taking that off the books and going full triple net lease on those situations. Are you sort of — you got poker chips coursing through your veins. Are you — is it hard to sell you on non-gaming investments? Or do you think that is in the reasonably short future for you guys in terms of expanding your horizons?
Peter Carlino: You know, we’ve said from the beginning, we’ll look at anything, absolutely anything. And I’ve used this silly analogy time and time again, and I mean it. Look, I would take a shack on the beach with no windows and doors if it had demonstrably stable cash flow, I mean all the goals that we have. But the problem is we’re in such a terrific space right now. So rock solid, and as I’ve said many — over many years, our revenues are bulletproof and I stand by that. Show me something that can offer the same thing. It’s hard to go backwards when you’re already at the top of the heap. So look, we look all the time. And again, I have said someday, I expect we’ll be somewhere else. There’s probably not a week go by that we don’t look at or aren’t presented some non-gaming activity.
But I don’t think we get any point for jumping off the cliff with or without a parachute. I think our job is to look at everything and anything. But frankly, we’re not going to hurry to go elsewhere. There’s enough — first off, a, as I’ve said, we can’t find anything the equal of where we are. But b, we’ve not run — as Steve highlighted, we’re not out of opportunity quite yet. And I’m not sure over the next couple of years that we’re going to be there anyway. So we see enough stuff on the horizon to say we’ll stick to our knitting until we don’t.
Rich Anderson: Okay. Fair enough. Second question is the talk about a smoking ban in Atlantic City that the workers like, but I wonder what you think the net would be in that case or if this were to be something that got legs around the country. Do you think a smoking ban would be a good thing or a bad thing for your business when you kind of roll it all up?
Peter Carlino: Well, for GLPI, it’s not going to have an impact. It really won’t. It’s just not going to affect us. It will affect operators. And the thought that somehow you can put a smoking — gamblers smoked. I mean that’s a simple factor. We’ve seen time again; you impose a smoking ban. You’re going to see a 15% — as much as a 15% drop in revenue, and it doesn’t come back, it doesn’t come back. Now what a lot of businesses are doing in states where it’s possible, are building these smoking platforms, that qualify as outside so long as there is the ability to do that and companies operate. Again, this doesn’t affect us. But operating’s have gotten pretty clever and building some very, very nice smoking facilities did work. So a lot depends on how the legislation go. But by and large, the smoking bans are not a good thing for operators. I’ll leave it at that. It won’t affect us.
