Article brought to you by: Catholic Online (www.catholic.org)

Billionaire casino mogul said to have contributed $10 million to Romney campaign

By Catholic Online (NEWS CONSORTIUM)
June 17th, 2012
Catholic Online (www.catholic.org)

Sheldon Adelson, the billionaire casino mogul who helped keep Newt Gingrich's failed presidential campaign alive during the Republican primaries, has now reportedly donated $10 million to the super PAC supporting the presumptive GOP nominee, Mitt Romney. This news has been leaked from those with inside knowledge of the matter. PAC Restore Our Future leader Carl Forti would neither confirm nor deny the donation, saying his policy was to not comment on donors or potential donors.

LOS ANGELES, CA (Catholic Online) - If confirmed, the $10 million figure appears to be the largest single donation towards Romney's efforts to date. By law, the independent political action committee cannot coordinate its work with the formal Romney campaign.

Forbes Magazine has ranked Adelson among the 10 wealthiest Americans with a net worth of more than $20 billion. Adelson also serves as the chairman and chief executive of Las Vegas Sands Corporation, which includes the famous Venetian casino in Las Vegas, in addition to casinos in Macau and Singapore.

Adelson gave $21 million in total to a PAC supporting Newt Gingrich during the early primaries. Adelman and his cronies abandoned Gingrich after he fell far behind in the races and the delegate count.

After Gingrich pulled out of the primary race, Republican leaders have been expecting for Adelson to step forward for Romney. Adelson and Romney had a private meeting last month in Las Vegas. Adelson attended Romney's dessert fundraiser afterwards for those who contributed $50,000 or more.

Adelson's insiders said that he wants to be certain about Romney's positions on key issues, including support for Israel against aggressors in the Middle East. Adelson has been highly vocal about President Barack Obama's support of Israel as too weak.

Adelson has told friends that he intends to give at least $100 million to conservative causes and candidates this election cycle, contributing some $250,000 to Republican Gov. Scott Walker of Wisconsin, who just won against a labor union-forced recall election there.

Adelson has also told colleagues that he would prefer to keep his contributions under wraps in order to avoid controversy, and will likely focus donations mostly on non-profits affiliated with political PACS, which don't have to disclose the names of donors. Adelson is expected to donate to the conservative non-profit Crossroads GPS, which was founded by Republican strategist Karl Rove, a longtime friend of Adelson, according to Republican fundraisers.

.

Article brought to you by: Catholic Online (www.catholic.org)