Shaquille O’Neal officially sells his stake in Sacramento Kings and walks away from ‘our great partnership’

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Shaquille O’Neal, who became part-owner of the Sacramento Kings in 2013, announced on social media on Wednesday that he had officially sold his stake in the NBA club.

O’Neal, 49, who retired from the NBA in 2011 and was inducted into the Basketball Hall of Fame in 2016, posted on his official Twitter page that to pursue a business interest in the world of sports gaming, he had to leave the Kings.

“As a result of a new business venture, NBA rules have required me to sell my stake in the Sacramento Kings. I want to thank the fans, the City of Sacramento, Vivek Ranadive and the entire Kings organization for our great partnership. I loved owning such a forward-thinking organization and hope to be back one day,” O’Neal tweeted. “I was fortunate to have Arctos help me with this transaction. I’m sure they will be a great partner for Vivek, the Kings and the NBA in the future.

“Till we Meet Again…”

According to the Sports Business Journal, O’Neal will be featured in WynnBet advertising campaigns and as the face of a new free prediction game “ShaqPot” sponsored by the bookmaker.

In addition to appearing in television, print and digital promotions, the Sports Business Journal also reported that O’Neal will appear on WynnBet-sponsored podcasts produced at a Las Vegas casino.

In an August interview with Complex.com, O’Neal praised his prospects with WynnBet, especially as sports betting gains a stronger presence across all media.

“We believe WynnBet will be the next big thing in the sports betting and iGaming space. And I’m all about the challenges,” he told Complex. “I’m all for good business. I want to help people, make people smile, and I thought this was a great opportunity to step into that space.”

The four-time NBA champion made the announcement on a night when one of his former clubs, the Los Angeles Lakers, met the Kings in Sacramento.

The Kings entered Wednesday’s game at 16-27, tied for 12th in the Western Conference with the New Orleans Pelicans.

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