VICI Properties (NYSE:VICI) soared in Friday’s after-hours trading session on news the casino landlord is joining the S&P 500.
Shares of the Caesars Palace owner jumped almost 7% in extended trading following a modest decline during traditional trading hours. VICI is one of two publicly traded casino real estate investment trusts (REITs) — Gaming and Leisure Properties (NASDAQ:GLPI) — but the Mirage owner is the only one of the pair joining the S&P 500.
VICI, which