Billionaire conservative casino mogul Sheldon Adelson, who helped keep Newt Gingrich’s failed presidential campaign alive during the Republican primaries, is giving $10 million to the super PAC supporting the presumptive GOP nominee, Mitt Romney, according to people with knowledge of the matter.Now when you pay to ride the gondolas at The Venetian you can get a tax deductible political donation receipt. (not really)
The leader of the super PAC Restore Our Future, Carl Forti, wouldn’t confirm the donation and said his policy was to not comment on donors or potential donors. Mr. Adelson’s spokesman could not be immediately reached for comment.
The $ 10 million figure appears to be the largest single donation towards Mr. Romney’s efforts so far. The independent political action committee, by law, cannot coordinate its work with the formal Romney campaign.
Mr. Adelson is chairman and chief executive of Las Vegas Sands Corp., which includes the famous Venetian casino in Las Vegas, as well as casinos in Macau and Singapore. Forbes Magazine has ranked him among the 10 wealthiest Americans with a net worth of more than $20 billion.
Mr. Adelson and his family gave $21 million in total to a PAC supporting Mr. Gingrich during the early primaries, but turned off the spigot after Mr. Gingrich fell far behind in the races and the delegate count.
Since Mr. Gingrich pulled out of the primary race, Republican leaders have been waiting for Mr. Adelson to step forward for Mr. Romney.
Wednesday, June 13, 2012
During the primaries casino mogul Sheldon Adelson gave millions to support Newt Gingrich. Adelson has now shifted his support to Romney and is backing it with big bucks: