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Shaq Selling Stake In Sacramento Kings!?!

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Shaq may be waving goodbye to his minority stake in the Sacramento Kings basketball team. All for a good cause though. He’s joined with WynnBet, a gambling company.

Shaq Joining Gambling Company, Giving Up On Kings?

O’Neil bought a one percent stake in the Kings back in 2013. Since that purchase, he made approximately $6 million. Selling it now will give him close to 100% profit.

Recently reported, Shaquille O’Neal became a brand ambassador for a gambling company, WynnBet. Because of this, he is not able to keep his minority stake in the Sacramento Kings NBA team. Yes, he has to sell it. In a statement, Shaq says –

“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.”

 

According to reports, he will be attending 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.

But that’s not all. O’Neal will also be launching ‘ShaqPot,’ a game housed inside the WynnBET app that is Free To Play (FTP).

No doubt you already know Shaquille O’Neil has become a great businessman. Since leaving the NBA, you’ve seen him all kinds of commercials for one product after the nest. Get ready to see Shaq all over your television screen promoting this newest venture.

Go Shaq!

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SACRAMENTO, CA – OCTOBER 30: Shaquille O’Neal minority owner of the NBA Sacramento Kings speaks at a press conference prior to the start of the opening nignt game between the Denver Nuggets and Sacramento Kings at Sleep Train Arena on October 30, 2013 in Sacramento, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Thearon W. Henderson/Getty Images)

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