It’s been a year since Las Vegas Sands owned a casino in the U.S., so it wasn’t surprising the company fielded just one question on its first-quarter earnings conference call last week about its prospects in the American gaming market.

Barclays gaming analyst Brandt Montour asked the question about New York, where Sands hopes to land one of three potential gaming licenses in the New York City area.

Sands Chairman and CEO Rob Goldstein said it would take until next January for the process to play out in New York.

In January, the company said it wanted to create a resort in Nassau County on Long Island, roughly 36 miles east of Manhattan. Sands has an agreement to acquire 80 acres that include the Nassau Veterans Memorial Coliseum, the former home of the NHL’s New York Islanders.

“We do believe we have a very compelling bid,” Goldstein said on the conference call. “The project is in sync with our historical approach to development,” adding that the nongaming amenities, such as the hotel, convention and entertainment areas, are “very much [in the Sands] spirit, the way a hotel should be designed as a real resort, a real destination.”

No other analysts asked about the U.S. or even Sands’ efforts to legalize casinos in Texas.

The company, which has its corporate headquarters in Las Vegas, recently saw its resorts in Macau and Singapore break out of a nearly three-year slump brought on by pandemic-related travel restrictions in Asia.

In Macau, gaming revenue in the quarter that ended March 31 exceeded $1.2 billion, the first time since pre-pandemic 2019 the company’s five casinos hit the $1 billion mark in a single three-month period. In Singapore, Marina Bay Sands saw gaming revenue top $848 million, an all-time record for any quarter since the resort opened in 2010.

“We knew there was pent-up demand in Macau and Singapore but not sure we understood the magnitude,” Stifel Financial gaming analyst Steven Wieczynski wrote in the research note. “Based on what Las Vegas Sands reported in the first quarter, that pent-up demand is well beyond what we would have expected.”

Sands sold The Venetian, The Palazzo and The Venetian Expo a year ago for $6.25 billion, and is using part of that money to reinvest in Asia,  including $575 million this year at Marina Bay Sands. The company plans to spend another $900 million in Macau and Singapore in 2024, including $425 million at Marina Bay Sands.