by InvestorPlace Staff | June 18, 2012 11:39 am
Sheldon 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 firstname.lastname@example.org 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.
Source URL: http://investorplace.com/investorpolitics/casino-magnate-doubles-down-on-gop/
Short URL: http://investorplace.com/?p=184282
Copyright ©2015 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.