Adelson donates $5 million to Republican Super PAC
Casino mogul Sheldon Adelson, a major giver to the Newt Gingrich presidential bid, has donated $5 million to a Super PAC supporting Republican candidates.
Adelson and his wife, Miriam, made the donation in February to the Congressional Leadership Fund, a super PAC connected to House Speaker John Boehner (R-Ohio) and other Republican leaders that supports establishment Republican candidates, Politico reported, citing a newly filed campaign finance report.
Adelson also reportedly is hosting a fundraiser on Friday at one of his Las Vegas hotels for a Boehner umbrella group that works closely with the Republican National Committee and the National Republican Congressional Committee, according to Politico.
Watch Sheldon Adelson dish on all the candidates here.
The donation is a positive sign for Mitt Romney, Politico reports, because his campaign is hoping to attract wealthy donors of the GOP presidential hopefuls he appears to have beaten as Romney prepares to take on President Obama in the general election in November.
The Adelsons donated more than $16 million to Winning Our Future, an independent committee, or Super PAC, that is run by former Gingrich associates in support of the candidate. Gingrich has not dropped out of the race but Romney appears to be well on his way to the Republican nomination.
Adelson is worth more than $21 billion, according to Forbes magazine. He is a major giver to Birthright Israel, which provides free 10-day trips to Israel for Jews aged 18 to 26.