Rob Goldstein : Yeah, we sure do. We forget, we — you’re talking to a bunch of people have been doing business in the count for 20 years, and we’ve seen the returns. We’ve seen what non-gaming can do. Our theaters, our retail, our entertainment has driven billions and billions and billions of dollars of EBITDA, and they will in the future as well. We have no concerns whatsoever about investing and getting a solid return on non-gaming commitments. All they do is drive more visitation to the market. They are additives to the market, certainly going to drive more business right now. We look at this as a 10-year starting commitment and going beyond that. Our commitment to Macao is as long as we can be there. And so we have no hesitation to invest or show the market a very, very considerable return.
Just look we’ve done in the past. I mean, on our current assets, mostly non-gaming. The lion’s share of our investment in Macao is non-gaming, the great majority. It’s worked out pretty well for us. So we think next 10 years, we’ll continue that trend, and we’re very happy and very committed to Macao.
Brandt Montour : Excellent. Thanks so much, everyone.
Rob Goldstein : Sure. Thank you.
Operator: Thank you. The next question is coming from Ben Chaiken from Credit Suisse. Ben, your line is live.
Ben Chaiken : Hey, everyone. Just a quick one for me. Historically, capital return has been really important to you guys. Obviously, Macao is just beginning to ramp, and there’s a lot of areas to invest. But how are you thinking about the dividend these days? Is that still important? And if so, how should we think about timing of that?
Patrick Dumont : Yeah. If Sheldon were here, he would say, yay , dividends. I think someone put us on hold in Macao.
Daniel Briggs : Sorry about that.
Rob Goldstein : Brief commercial from Macao.
Patrick Dumont : So as I was saying, if Sheldon were here, and we miss him dearly, he would be saying, yay, dividends. I think Las Vegas Sands is a growth company. We’re back to growth. We’re a development company. We do large-scale developments in key markets. But most importantly, we’re also a returning capital company. And I think as our business returns and as we see normalization of cash flows, we’re going to look to start the dividend again and be very shareholder friendly. But at the end of the day, we’re very focused on the strength of our balance sheet of new development. And you heard Rob talk about New York, it’s very exciting. There are other things that hopefully we’ll get a chance to do in the near term. And opportunistically, I think we’ll continue to deploy capital where the highest returns are.
And as part of that, the dividend will be fundamental to our shareholder return strategy. But I think we’re going to wait and see where operating cash flow ends up and we’ll make some assessments at that point.
Ben Chaiken : Got it. Thank you.
Operator: Thank you. And the next question is coming from Steve Wieczynski from Stifel. Steve, your line is live.
Steve Wieczynski : Yeah, guys. Good afternoon. So Rob or whoever wants to take this, I mean, if we look at visitation in Macao over the last, let’s call it, week or so around the start of Chinese New Year, it does seem like it has been pretty strong. And I guess, is there any commentary or color you could give us about the spending patterns of these folks that are coming to the market? Meaning, are these folks gambling as much as they did before? Or is that some of that spending being pushed more into the non-gaming side of the floor? And maybe it’s just too early to tell. But I think with how high Chinese savings levels are right now. I’m just wondering if you can provide any color around that.
