VICI Properties Inc. Jumps 8% on S&P 500 Addition

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VICI Properties Inc. Jumps 8% on S&P 500 Addition
Credit: © Reuters.

VICI Properties Inc. (NYSE: VICI ) shares are trading 8.3% higher in pre-open trading Monday after the company was added to the S&P 500 .

VICI will replace Cerner Corp. (NASDAQ: CERN ) in the index prior to the open of trading on Wednesday, June 8.

Cerner is being acquired by S&P 500 constituent Oracle Corp. (NYSE: ORCL ) in a deal expected to be completed soon, prompting the change.

VICI is a REIT that owns one of the largest portfolios of market-leading gaming, hospitality, and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand, and the Venetian Resort Las Vegas.

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