Scott Kreeger: Yes. This is Scott. Let’s take this year and the remainder of this year, if we snap the line and compare it to the same time last year, room nights are up roughly 20%, revenues are up nearly 40%, caterings up over 50%. In the quarter, you see similar performance. One thing to note, so that’s super strong. We’re really happy with the results across the board as it relates to hotel and hotel sales and catering. One note, as you go into 2024 and compare year-over-year, we’re up against tough comps because we had latent bookings that were booked during the COVID period that turned off in the first part of the year. So while we like the pace of where we’re going, when you start to look at next year on a year-over-year comp basis, it’s going to be a pretty high comp.
Steve Wieczynski: Got you. Thanks, Scott. I appreciate it.
Operator: The next question comes from Barry Jonas with Truist Securities. Please go ahead.
Barry Jonas: Hey, guys. I appreciate the positive commentary for Q4. Just curious how trends are looking specifically for F1 and maybe for Super Bowl into Q1 as well? Thanks.
Lorenzo Fertitta: So this is Lorenzo. I mean we’re not quite as tied to F1 as some of the properties on the scrip, so they can probably give a lot better color, just what we’re seeing in the marketplace, looking at room rates and whatnot. It seems as though that there has been some steam come out of the people’s expectations for maybe what they thought that event would be maybe a year ago. With that said, we do think it’s still going to be a great weekend and a positive event. At least for us, I mean, we’re not leading the charge there from an F1 standpoint, but we are getting the benefit of all the people coming into town and whatnot. But rumoring certainly, have come down from where people’s expectations were even as recent as maybe three or four months, I guess.
Scott Kreeger: And I think on Super Bowl, we would expect to have very strong demand.
Frank Fertitta: Yes. We’re super bullish on the Super Bowl. We’re seeing very strong bookings there. That should be a pretty an outlier from a weekend to the positive, I think, for everybody in town.
Barry Jonas: Got it. And then just as a follow-up. You guys have a number of great options, but any updated thoughts on what’s next in the development pipeline and I guess timing, specifically for Vegas post Durango? Thanks.
Frank Fertitta: Well, I think as you know, as we said before, we’re going to want to get the Durango open and get it stabilized. We’ve got a number of development opportunities waiting for us about six opportunities. I would say that from a design standpoint, as far as starting, we’re probably furthest along with either Durango Phase 2 or the Inspirada project. And then after that, Sky Canyon is probably right behind that. We’ve been actively working on all those developments, but we just — we want to get Durango open and stabilize before we make a decision on what’s next, so.
Barry Jonas: Great. Thanks for answering my questions.
Operator: The next question comes from Dan Politzer with Wells Fargo. Please go ahead.
Dan Politzer: Thanks for taking my questions. I just wanted to follow-up on the Formula 1 topic. I mean, as you think about — there’s a lot of disruption as it relates to roads and construction in Las Vegas. Is there a scenario where you actually could be a net beneficiary just to the extent that there’s less traffic into the strip and maybe to the peripheral areas where your casinos are located?
Scott Kreeger: Yes, Dan, it’s Scott. I think we would characterize as the first year of F1 is a learning experience. None of us really know. We can make assumptions of things. We thought that there would potentially be a benefit both from locals and also from out of town books that maybe aren’t as interested in, all of the energy around Formula 1 and want something that’s a little bit more of a relaxed resort experience and may choose us as an option. So that’s just to be seen. So we’ll learn from that. But we think there could be a positive effect.
