Casino Magnate Doubles Down On GOP

Sheldon Adelson and family have spent $71 million on Republicans so far

   

investorpoliticsletters2 Casino Magnate Doubles Down On GOPSheldon Adelson appears to be further hedging his bets on the Republican party.

Having already given $36 million to super PACs supporting Newt Gingrich and Mitt Romney (with some help from his family), Adelson has reportedly forked over more cash in support of the GOP: at least $35 million, according to fundraisers familiar with his plans.

The groups benefitting from these donations include Karl Rove-affiliated Crossroads GPS, a nonprofit linked to the Koch brothers, and an organization linked to House Majority Leader Eric Cantor, R-Va.

Adelson has apparently told friends that he may donate as much as $100 million to conservative causes and Republican candidates. With a grand total of $71 million donated to date, he appears well on the way to matching or surpassing that total.

For more information on this story, check out this Huffington Post article.

– Benjamin Nanamaker, InvestorPlace Money & Politics Editor

The opinions contained in this column are solely those of the writer.

Want to share your own views on money, politics and the 2012 elections? Drop us a line at letters@investorplace.com and we might reprint your views in our InvestorPolitics blog! Please include your name, city and state of residence. All letters submitted to this address will be considered for publication.


Article printed from InvestorPlace Media, http://investorplace.com/investorpolitics/casino-magnate-doubles-down-on-gop/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.