Shaquille O'Neal sells his stake in the Kings

Shaquille O’Neal, who became part owner of the Sacramento Kings in 2013, announced on social media Wednesday that he has 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 betting , had to leave the Kings.

“As a result of a new business effort, I was required by NBA rules to sell my interest 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 return one day,” O’Neal tweeted. “I was fortunate to have Arctos help me with this transaction. I am sure they will be a great partner for Vivek, the Kings and the NBA in the future.”

“Until we meet again…”

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

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

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

“We think WynnBet is going to be the next big player in the sports betting and gaming space. And I like a challenge,” he told Complex. “I’m interested in good business. I’m interested in helping people, making people smile, and I thought this was a great opportunity to get into this space.”

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

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