Casino Kingpin Sheldon Adelson Spent $150 Million on US Presidential Election
One of the GOP’s biggest donors, Sheldon Adelson, reportedly spent $150 million in an effort to try and get Republican Presidential nominee Mitt Romney elected, it was revealed on Monday.
“Being a casino mogul doesn't make you any good at betting”, Ned Resnikoff from MSNBC's "The Ed Show" suggests. “There are island nations with smaller Gross Domestic Products,” he added.
Adelson is currently under investigation by the Feds for his business activities in the Asian gambling Mecca of Macau.
From the Huffington Post:
During the election, Adelson told Politico that the Justice Department investigation, and the way he felt treated by prosecutors, was a primary motivation for his investment in Republican presidential nominee Mitt Romney and other GOP candidates. He put his money where his mouth was. The two GOP fundraisers, both with strong ties to Adelson, said that the casino mogul dished out close to $150 million, including between $30 million and $40 million to the Karl Rove-founded Crossroads GPS and at least $15 million to grassroots efforts with financial links to Charles and David Koch. Among other major beneficiaries of Adelson’s largess were the U.S. Chamber of Commerce, which received almost $5 million from Adelson, and the Republican Jewish Coalition, which got the bulk of its $6.5 million budget from him, the fundraisers said.
- Aaron Goldstein, Gambling911.com
