Shares of casino-hotel and resort operator Las Vegas Sands (LVS - Get Report) gained on Friday after S&P Dow Jones announced the company would be included in the S&P 500 index. 

Las Vegas Sands' stock gained 4.78%, or $2.67 a share, to $58.55 in morning trading after S&P Dow Jones said it will replace Nektar Therapeutics (NKTR - Get Report) in the S&P 500. Las Vegas Sands' move to the S&P 500 will take place prior to the start of trading on Oct. 3.

Nektar Therapeutics, meantime, will replace Sotheby's (BID) in the S&P MidCap 400. Sotheby's is being acquired by BidFair USA and in turn taken private as of early next month.

Pictured: @SPDJIndices CEO Alex Matturri shares remarks at the @NYSE, celebrating the 20th anniversary of the Dow Jones Sustainability Indices - the world's first benchmark for measuring the environmental, social and governance performance of publicly listed companies. @RobecoSAM

— S&P Global (@SPGlobal) September 24, 2019

Las Vegas Sands is also the parent of Macau licensee Sands China Ltd., and is also pursuing a casino license in Japan.

Save 57% During Our Fall Sale. Join Jim Cramer's Action Alerts PLUS investment club to become a smarter investor. Click here to sign up and save!