We think we have spent a good amount of repairs and maintenance. And we think our properties are top shape, and we can control the repairs and maintenance costs going forward if we feel the need to ratchet that down with it.
Joe Greff: Thank you.
Operator: The next question comes from Carlo Santarelli with Deutsche Bank. Please go ahead.
Carlo Santarelli : Hey everybody, good afternoon. Steve, just trying to kind of think from a modeling perspective and thinking about kind of the seasonality in Vegas, specifically the fourth quarter and how, generally speaking, historically, 1Q and 4Q were your best quarters. So putting that kind of within the framework and then thinking about how we should contemplate the impact that Durango will have over the 26 days. Any callouts for preopening type of expenses or things like that, that will be excluded from EBITDA and anything else you could share on that front?
Stephen Cootey: I think on the pre-open, Carlo, as we’ve been ramping up the project over the past year, you’ve been gradually seeing an increase in those expenses and they just happen to be in the write-offs and other line item below the line. And so we do see that ramping up as we go right up to the opening of Durango when we start in those expenses slip to operational.
Carlo Santarelli: Okay. Got it. And then just in terms of — as you look out to next year, obviously, you guys talked a little bit about the cost headwinds that are present in the market. But from a demand standpoint from a health of Las Vegas standpoint, is there optimism that you could see top line flattish to slight growth in 2024 on a same-store basis?
Scott Kreeger: Yes, this is Scott. Yes, for sure. It’s our thesis, and we believe in Las Vegas. There’s no one more bullish than us about the Las Vegas market. We’re bringing on new product. We’re entering markets that are underpenetrated. We’re adding high-limit rooms across our brand, that have met with strong success in R&D at Red Rock. So we’re optimistic about going into 2024. And I think the population migration into Nevada remains totally intact. I mean that’s kind of our long-term thesis is net inflow growing population here. And the fact is that people are moving here, have higher annual income than they’ve ever had in the past. So we remain bullish on the Las Vegas story.
Stephen Cootey: And it’s not just people, it’s businesses. So not only is the people that are moving here to Frank’s point, getting wealthier, but the economy is getting more diverse. Job bodes well for our business.
Carlo Santarelli: Great. Thank you all very much.
Operator: The next question comes from Shaun Kelley with Bank of America. Please go ahead.
Shaun Kelley: Hi good afternoon every. Thanks for taking my question. Two for me. First off, I just wanted to — you already give us the answer, I believe, on the labor and cost environment. So I think we know the answer, but I kind of wanted the particulars around just any thoughts on the union progress and how that may impact prevailing wages more broadly around the Valley Again, it seems like you all are pretty insulated and very comfortable with where you sit. But I’m just kind of curious on your observations more broadly as those discussions sort of kick into high gear here in the next couple of weeks.
Scott Kreeger: Yes, Shaun, this is Scott. I’ll kind of take it from two angles. One, no one’s really sure what the outcome will be on the negotiations. Certainly, it does have a knock-on effect to us. We don’t mark ourselves to strip wage, but we certainly want to stay competitive in the market. So to the degree we have to look at those physicians and adjust, we’re prepared to do that. But the flip side on the positive is any raises the pulmonary workers on the strip receive. Keep in mind that those are our customers when they come home at night. So there’s a knock-on benefit in our business model for higher discretionary income for Las Vegas residents.
