After practically bankrolling Newt Gingrich’s run for the GOP presidential nomination, casino billionaire Sheldon Adelson is splashing his cash on behalf of Mitt Romney.
According to sources, Adelson is planning on donating $10 million to the Romney-backing super PAC Restore Our Future. During the Republican primaries, Adelson and his family gave $20 million to Gingrich’s super PAC, who fell short of the nomination.
This donation further boosts Romney’s already healthy fundraising numbers, and should worry Obama. Obama’s supporters don’t seem to have nearly as deep of pockets as Romney backers. Adelson is the eighth-richest man in the world, with an estimated net worth of $25 billion, so this $10 million may well be just the beginning of his generosity to Romney. Read