Las Vegas Sands will become the third casino operator on the S&P 500 index when it is added to the elite group of US-listed companies this week.
LVS, the parent company of Sands China, joins MGM Resorts and Wynn Resorts on the index, which measures the stock performance of 500 of the largest listed companies and is seen as a leading indicator of market performance.
The company will replace Nectar Therapeutics on the S&P 500 index on Thursday.
“It’s always an honor to be recognized as an industry-leading company and a successful global enterprise,” Sands spokesman Ron Reese said in a statement.
LVS operates The Venetian Las Vegas, Palazzo Las Vegas and Sands Expo in the US, Marina Bay Sands in Singapore and five casino resorts in Macau, namely The Venetian Macao, The Parisian Macao, Sands Macao, The Plaza Macao and Sands Cotai Central.