Sheldon Adelson

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Billionaire GOP Donor Adelson Sues for Libel

Jewish group's 'dirty money' claim riles casino mogul

(Newser) - Casino tycoon Sheldon Adelson is suing the National Jewish Democratic Council for alleging that the millions of dollars he is pouring into Mitt Romney's campaign is "dirty money." The billionaire has filed a $60 million defamation lawsuit against the group over an article on its website that...

Feds Probe Sands Casinos for Money Laundering

But Sands owner Sheldon Adelson isn't under investigation

(Newser) - Federal authorities are investigating the Sands casinos for allegedly helping shady figures launder millions of dollars, the Wall Street Journal reports. A businessman in Mexico and a former California executive—high rollers who have run afoul of the law—made the money transfers years ago. Now the US attorney's...

Macau Probing Romney Backer's Casino

Documents in scandalous US case illegally transported, say officials

(Newser) - The biggest donor to Republican candidates this election could be in big trouble in Macau. Authorities in the former Portuguese colony are probing casino billionaire Sheldon Adelson's Sands China company for illegally sending documents out of the territory, reports Reuters . The documents came from the hard drive of former...

Romney Heads to Israel, Poised for Big Gains

He's on track to fare better with Jewish vote than any recent Republican

(Newser) - Mitt Romney arrives in Israel today, and his visit promises to be a lot more rewarding than his stop in London for the Olympics. The trip is important, writes Eli Lake at the Daily Beast , because Romney is poised to make inroads among Jewish voters in the US as no...

Billionaire Gingrich Backer Gives Romney Mega Bucks

Sheldon Adelson prepared for 'limitless' spending to beat Obama

(Newser) - The $10 million Sheldon Adelson spent on Newt Gingrich's failed presidential campaign may have been just a warmup. The casino billionaire has donated $10 million to pro-Romney super PAC Winning Our Future, making him and his wife, Miriam, this election's biggest donors by far, sources tell the New ...

Romney, Gingrich Billionaire Adelson Meet Today

Sheldon Adelson sit-down scheduled for today

(Newser) - As Mitt Romney prepares to officially clinch the Republican presidential nomination, another important item on today's to-do list: Meet with Sheldon Adelson. The billionaire casino magnate donated $20 million to the pro-Newt Gingrich super PAC before a broke Gingrich left the race, but it is not known if he...

A $2B Election? It's on Track for 2012

Romney, Obama campaigns could each spend $1B

(Newser) - Barack Obama raised $750 million for his 2008 run, and John McCain's sum nudged the combined total over the $1 billion mark. How quaint. Come November, the nation's first $2 billion election could be in the books. A memo from the Romney campaign obtained by the New York ...

Newt Tries to Get on Utah Ballot ... Bounces Check

Cash problems hound Gingrich's dying campaign

(Newser) - He was hoping for a bounce in the polls, but the only thing bouncing in Utah was Newt Gingrich's $500 application fee to get on the primary ballot, reports the Salt Lake City Tribune . Worse—when Utah officials tried to get in touch with Gingrich's local office, there...

Citizens United Unleashed the 'Crankocrats'

Timothy Noah points out that corporations aren't the ones funding super PACs

(Newser) - When the Citizens United decision came down, many people expected a corporate takeover of the political system. But that hasn't happened, Timothy Noah of The New Republic points out. Corporations wanted no part of campaign controversy. Instead, super PACs are fueled by "crankocrats," tycoons like Foster Friess,...

Adelson: Newt 'At the End of His Line'

Billionaire backer acknowledges Gingrich probably can't win

(Newser) - Looks like even Newt Gingrich's biggest financial backer knows it's all but over for the GOP presidential candidate, the Los Angeles Times reports. "It appears as though he’s at the end of his—at the end of his line," said billionaire casino owner Sheldon Adelson...

Gingrich's Billionaire Backer Coughs Up Yet More Dough

'Substantial' contribution made to pro-Newt super PAC

(Newser) - Sheldon Adelson has injected yet more money into the super PAC supporting Newt Gingrich's presidential campaign. The billionaire casino owner donated another "substantial" amount to Winning Our Future, helping it to air new TV ads in seven states starting today, the AP reports. A source says the new...

Gingrich's Rich Guy: The Rich Shouldn't Sway Elections

...but Sheldon Adelson may give Newt $100M

(Newser) - Sheldon Adelson doesn't like America's campaign finance rules—but that won't stop him from exploiting them. "I'm against very wealthy people attempting to or influencing elections," the very wealthy casino mogul tells Forbes . "But as long as it's doable, I'm going...

Romney Super PAC Spent 2x What It Raised Last Month

Restore Our Future spent $13.9M in January

(Newser) - Mitt Romney and the pro-Romney super PAC Restore Our Future were big spenders in January, according to the latest campaign filings. Restore Our Future spent $13.9 million in January—mostly on attack ads—and raised less than half that amount during the same period, Politico reports. Romney's campaign...

Gingrich to Get $10M From Billionaire Backer

Sheldon Adelson will write another big check to super PAC

(Newser) - It's good news for Newt Gingrich—and maybe Mitt Romney: Casino mogul Sheldon Adelson will fork over at least $10 million more to the pro-Gingrich super PAC Winning Our Future, a source tells CBS News . That about doubles the family's contribution to the super PAC, whose barrage of...

Newt's Billionaire Backer Out to Beat Santorum

Sheldon Adelson is fine with Mitt Romney as nominee: Wall Street Journal

(Newser) - Sheldon Adelson is considering dropping another massive pile of cash into Newt Gingrich's super PAC—but he's doing it in part because he thinks it will help Mitt Romney, sources tell the Wall Street Journal . The billionaire casino mogul thinks that keeping Gingrich in the race will draw...

Stop the Billionaires: Amend the Constitution
Stop the Billionaires:
Amend the Constitution
OPINION
Feb 10, 2012 11:49 AM CST

Stop the Billionaires: Amend the Constitution

Jonathan Alter: Citizens United, super PACs killing our democracy

(Newser) - To Jonathan Alter, it's already clear that the 2012 presidential election will be "one of the most corrupt in US history." It's all thanks to Citizens United, the court ruling that allows a "tiny group of billionaires"—the current crop includes Sheldon Adelson , the...

What Santorum&#39;s Sweep Means
 What Santorum's Sweep Means 
Election Postgame
Feb 8, 2012 7:56 AM CST

What Santorum's Sweep Means

Romney looks battered, Gingrich looks worse

(Newser) - Rick Santorum's stunning sweep of Colorado, Minnesota, and Missouri yesterday has thrown another plot twist into the Republican nominating contest. Here's what you need to know:
  • Santorum may finally get the bounce that largely eluded him after Iowa, helping him raise money and pique voter interest, the New
...

Gingrich Billionaire Pal's Plan B: Romney

Sheldon Adelson's focus on beating Obama, whoever wins nomination

(Newser) - Billionaire Sheldon Adelson has kept Newt Gingrich's presidential campaign afloat, giving $10 million to a pro-Gingrich super PAC , but the former speaker of the House shouldn't get too comfortable—Adelson says he will give even more generously to Mitt Romney, should Romney win the Republican nomination, reports the...

Newt: I'm Going to GOP Convention

Republican candidate will battle on if he loses Florida primary

(Newser) - With Mitt Romney leading in a Florida poll , Newt Gingrich made it clear today: “I will go all the way to the convention. I expect to win the nomination," he said. "You just had two national polls that show me ahead. Why don’t you ask Gov....

Meet the Billionaire Who Backs Newt

Sheldon Adelson gave $10M to pro-Newt Super Pac

(Newser) - Who is the multi-billionaire casino mogul backing Newt Gingrich's campaign ? Meet 78-year-old Sheldon Adelson, a very private man who supports Israel and Republican causes, the Guardian reports. Now he has boosted Gingrich in the primaries by giving $10 million to a pro-Newt super PAC. "Our motivation for...

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