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Report: Sheldon Adelson Spending Tens of Millions More to Help GOP in Midterms
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=49227"><span class="small">Michael Burke, The Hill</span></a>   
Friday, 12 October 2018 12:49

Burke writes: "Casino magnate and Republican mega donor Sheldon Adelson is giving tens of millions of dollars more to the Republican Party in a last-minute effort to help preserve the GOP's majorities in the House and Senate."

Casino magnate Sheldon Adelson. (photo: Getty)
Casino magnate Sheldon Adelson. (photo: Getty)


Report: Sheldon Adelson Spending Tens of Millions More to Help GOP in Midterms

By Michael Burke, The Hill

12 October 18

 

asino magnate and Republican mega donor Sheldon Adelson is giving tens of millions of dollars more to the Republican Party in a last-minute effort to help preserve the GOP's majorities in the House and Senate, according to Politico.

The billionaire made the contributions to the Senate Leadership Fund and Congressional Leadership Fund, Politico reported, citing two senior Republicans familiar with the donations. The Senate Leadership Fund and Congressional Leadership Fund are super PACs dedicated to supporting Republicans in the Senate and House, respectively.

Adelson, an ally of President Trump, has long bankrolled Republican candidates and causes. His most recent contributions will likely make him the biggest GOP donor of the 2018 election cycle, Politico reported. The new contributions will be reported in filings with the Federal Election Commission by Oct. 15, according to Politico.

In May, Adelson contributed $30 million to the Congressional Leadership Fund following a meeting in Las Vegas with Speaker Paul Ryan (R-Wis.).

Republicans currently control both the Senate and the House, but their majorities are at risk ahead of November's midterm elections. The GOP is particularly vulnerable in the House, with many models predicting the Democrats could retake control.

The Democrats would need to flip 23 seats to take control of the House and see a net gain of two seats to take the Senate.

Adelson, the owner of the Las Vegas Sands casino and resort company, was also among Trump's largest donors during the 2016 presidential campaign.

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+1 # Rodion Raskolnikov 2018-10-13 07:27
He's gambling. He's betting on an inside straight. The odds are against the GOP in November. Adelson has never been very good with this political wagers. He backed Newt Gingrich for president, sinking 10s of millions of dollars into his ego campaigns.

He was late in getting on to the Trump bandwagon.

I've read that he would like to back Nikki Haley in 2020. Netanyahoo has already proposed that she run for president. Netanyahoo and Adelson will be her top supporters.

I hope Adelson loses his bet.