NBA star Shaquille O'Neal sends PointsBet shares on the rise

3 min read | January 24, 2021 07:11 PM PST | By Team Kalkine Media

Google News:

NBA star Shaquille O'Neal sends PointsBet shares on the rise

Recent News

Why Is Boqii Shares Activity Drawing NYSE Composite Index Focus?

Why Is AptarGroup Rallying in Russell 1000 Index Markets?

Why Is Texas Pacific Land Shaking Russell 1000 Energy Stocks?

Why is Chewy tracking Russell 1000 and S&P 500 retail trends?

Make Kalkine Media
My Trusted Source

Summary

Shaquille O'Neal will represent the PointsBet Holdings in Australia.

The company will launch countrywide brand campaign with its new brand ambassador.

PointsBet Holdings Limited (ASX:PBH) today morning released a pleasing update on the ASX, informing the investors that the company has appointed a new brand ambassador. After the announcement, PointsBet share price surged higher as investors started buying the shares.

The corporate bookmaker stated in the release that it had appointed basketball champion Shaquille O'Neal as an Australian brand ambassador. Shaquille O'Neal is a celebrity athlete-turned-businessman. The 15-time NBA All-Star will now represent the cutting-edge corporate bookmaker brand in Australia. PointsBet has an app which offers products for sports bettors.

Image Source: Megapixl^TM

As per the agreement, O'Neal will star in the company's brand campaign to promote its products and services. The advertising campaign will be rolled out across various platforms.

Commenting on his collaboration with PointsBet, O'Neal said that the growth of responsible betting in the field of sports is exciting. He further said that he was excited to partner with PointsBet and be a part of the brand campaign. He also hailed PointsBet as the best partner to associate with when it comes to online sportsbooks.

PointsBet operates in Australia and the United States. The company has created a cloud-based wagering Platform which offers various products to its clients. Innovative sports products have a huge demand in the market. Primarily during the coronavirus pandemic when people were stuck at home, sports lovers greeted the sports-based products with a thumbs up.

Image Source: Megapixl^TM

Hailing Shaquille O'Neal as an iconic figure in the sports and entertainment arena, PointsBet Chief Marketing Officer and Co-Founder Andrew Fahey said that Shaq was the company's number one pick to be a brand ambassador. Highlighting the Australians’ growing interest in US sports, Fahey said that professional basketball was the fastest-growing betting sport in the country. Therefore, the company is pleased to engage with such a transcendent athlete to promote its brand, he added.

Moreover, the iconic star will take the partnership ahead with PointsBet in the form of equity. The company said that this makes it clear how much the brand and its brand ambassador are aligned and trust each other. Fahey added that both share a strong belief that the company has opportunities to look forward to.

PointsBet Holdings Limited (ASX:PBH) share price is currently trading at A$16.090 and is 0.436 per cent up.

Good Read: Why Pointsbet (ASX:PBH) shares rose 160% in just 6 months

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.