Switch to Desktop Site
 
 

What gambling industry money has done on Newt Gingrich's behalf

No single person, outside the candidates themselves, has had more raw impact on the presidential election than casino billionaire Sheldon Adelson, via his donations to a pro-Gingrich 'super PAC.'

Image

The extended family of Las Vegas Sands Chairman and CEO Sheldon Adelson, who is shown here in Hong Kong in 2011, has contributed $11 million to a super PAC backing Newt Gingrich.

Vincent Yu/AP/File

About these ads

Wall Street executives and hedge fund managers are so far the most conspicuous donors to "super political action committees," followed by titans of energy. But for raw impact, no one beats casino billionaire Sheldon Adelson, whose extended family has contributed $11 million to a super PAC backing Newt Gingrich.

Recent financial disclosures from super PACs give insight into which people, corporations, and unions are writing big checks in hopes the super PACs can succeed in influencing the 2012 presidential race. Mr. Adelson's contributions, say political analysts, helped Mr. Gingrich to get back in the race after fourth-place showings in Iowa and New Hampshire.

The Adelson-Gingrich connection dates from the candidate’s tenure as US speaker of the House in the late 1990s, when the two men conferred over legislation in support of Israel. Those ties are especially on display in Nevada, which holds its presidential caucuses Saturday. 

Next

Page 1 of 5


Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.

Share

Loading...