Shaquille O’Neal Forced to Sell His Stake in the Sacramento Kings

Shaquille O’Neal (Photo credit: Splash News)

 | Shaquille O’Neal is being forced to sell his stake in the Sacramento Kings, but his investment is still a success. The NBA Hall of Famer has been a minority owner of the Sacramento Kings since 2013, when he bought 2  to 4 percent stake in the franchise, according to Forbes. The shrewd businessman invested $5 million in the team, which was worth around $530 million at the time. The Kings are now worth $1.8 billion and the former Los Angeles Laker could now sell his portion for at least $11 million.

WynnBET is the new mobile sports betting app from the global luxury hospitality powerhouse Wynn Resorts. Through the long-term partnership, O’Neal will be featured prominently in WynnBET’s advertising campaigns across TV, digital and print. He will also attend in-person fan-facing events, create original content with WynnBET and interact as a guest with company media partners such as Blue Wire Podcasts, Cumulus Media and Minute Media. O’Neal will also be launching ‘ShaqPot,’ a Free To Play (FTP) game housed inside the WynnBET…
“I love working with my friends at Wynn Resorts and I am so excited to take WynnBET to new heights. Mobile sports betting is having a major moment, and I believe that WynnBET will be a powerful force in the industry,” O’Neal told Yahoo! Sports.


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