Rob Goldstein : Chad, let’s revert your mind, I’ll reverse it just. I think we all know that Thailand has been discussions there, and we’re certainly looking at Thailand. And that’s no secret has been in the press that Thailand is a possibility. So we’re certainly looking hard at Thailand. I would love to be — have a presence there in the future. Japan, as you referenced, is not there. And Korea is nothing viable to speak of today. So we’ll jump to New York, which is an extraordinary and unique opportunity. And I think for the winning bidder or bidders, it’s going to be an amazing opportunity because of a very simple dynamic of a huge market with limited capacity. There’s only a few casinos there. It’s probably the only place in the U.S. where you can have millions and millions of people, and yet there’ll be probably just a handful of casinos total.
The win per units there will be exceptional. The lucky winner is going to do very, very well. I think the evidence of the market is clear just by looking at the three operating properties under the table games. And we really don’t have much of a — it’s not a great product right now in New York as far as room capacity. It’s still doing approaching USD 2 billion with just slot machines. So our approach is very much in LVS, it’s anchored by an LDH historical approach, which is scale and quality. We’re not looking to build a casino, looking to build not a regional casino but rather a truly large hotel with spa convention space, dozens of restaurants, a new theater, a huge entertainment feature, a transformational product, which will positively impact the community and grow tourism a powerful statement.
We’re not looking to be in this thing in a limited way. We’ll be all the way in. And we think if we do it, it will be transformational for the county we’re working in, very good for the people in the county and something they can be very proud of. And it will drive tourism — outsized tourism into Nassau. Our bid is very much traditional on the thinking of LVS large-scale with numerous non-gaming assets, lots of meeting space, probably 400,000 square per foot new space. So I view New York very much very unique to the rest of the United States. It’s not — it’s a population in the many millions to just a couple of casinos, very different here in Las Vegas. We’ve got a huge local market but dozens and dozens and dozens of casinos. There you’ll be basically alone.
And so it’s going to be very — it’s an exceptional opportunity. It won’t come along again. I think this is one and done. So we’re trying very hard. And we’ve been trying to do New York for a number of years, but it looks like this is finally someone’s opportunity. Hopefully, it’s ours.
Chad Beynon : Thank you very much, Rob. And then secondly, I just wanted to ask another one on Macao, now that you’ve had some more data in the market, Grant. It seems like there’s an even bigger shift towards Peninsula — or I’m sorry, versus to Cotai versus Peninsula than we’ve seen in the past. I was wondering if you could confirm that or if that’s really just kind of a mix of a reflection of what we’re seeing from the different modes of transportation. Wondering if that’s a trend that could continue in ’23. And then related to that, how are you thinking about your asset and the Peninsula there’s CapEx opportunities? I know that’s not part of the big CapEx plan. Thank you.
Rob Goldstein : Grant?
Grant Chum : Sure. Rob, should I take that? Yes.
Rob Goldstein : Yeah.
