Sheldon Adelson, the Las Vegas gaming billionaire, is reported to be on the verge of donating another $10 million to the pro-Newt Gingrich super-PAC Winning Our Future, which should give some new steam to Gingrich’s fading hopes of winning the Republican nomination.
But not that much. According to a Wall Street Journal report (subscribers only; check out The Hill’s useful summary here), Adelson doesn’t particularly expect Gingrich to win. He wants to keep the former House speaker going in order to split up Rick Santorum’s social conservative base and smooth the path for Mitt Romney, who Adelson considers more electable in November.
Much has been written about Adelson’s devotion to Gingrich and their shared friendship with Israeli prime minister Benjamin Netanyahu. Less noticed is the billionaire’s deep opposition to President Obama (see here, for example). Sources who know Adelson personally say it is an unhidden and deeply felt loathing, and that the White House is keenly aware and takes it seriously.
The eyebrow-raising $10 million in donations to a pro-Newt Gingrich super PAC from billionaire casino mogul Sheldon Adelson and his wife, Miriam, isn’t the only Adelson money flowing into the Gingrich cause.
Federal filings on Tuesday revealed an additional $1 million in donations to Winning Our Future, the pro-Gingrich super PAC, from members of the Adelson family.
That additional seven figure infusion came in three parts, all on the same day in late December. Two of the donors were Oren and Yasmin Lukatz, the son-in-law and daughter of Miriam Adelson, Sheldon’s wife. Yasmin Lukatz is an executive at Las Vegas Sands, Sheldon Adelson’s casino corporation.
The third Adelson family donor was Sivan Ochshorn, another of Miriam Adelson’s daughters.
Miriam and Sheldon Adelson’s own reported gifts, totaling $10 million, were made in January, and were not included in the latest filings.
Winning Our Future has spent millions on ads opposing Mitt Romney, including the high-profile attack on his past at the private equity firm Bain Capital.
And though the heavy spending has arguably kept Gingrich’s presidential hopes alive in recent weeks, the candidate has a long road ahead. Upcoming GOP primaries and caucuses in Nevada, Arizona, and Michigan will favor Romney.