Washington (CNN) – Nevada billionaire and major Republican donor Sheldon Adelson is ready to show his support for the super PAC supporting Mitt Romney.
He will give at least $1 million and possibly more to the group in his "first round of donations," a source familiar with the matter confirmed to CNN.
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Adelson and his family were the chief benefactors behind the super PAC backing Newt Gingrich's presidential campaign, Winning Our Future, donating more than $20 million.
When Gingrich, a longtime friend with Adelson, bowed out of the race in April, political analysts began wondering when Adelson would financially back Romney's bid.
The casino magnate has previously told associates he would strongly back whoever emerged as the Republican nominee, pointing to his primary aim of making sure President Barack Obama loses re-election.
While Adelson is now said to be fully committed to Restore Our Future, he first had other matters on his plate, including the fight to defend Republican Gov. Scott Walker against a recall effort in Wisconsin.
Adelson has not yet made the donation to the group, according to the source. And a spokesman did not return calls seeking comment.
Politico first reported that Adelson was ready to donate.
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Adelson appears to now feel more comfortable showing his support for the presumptive GOP presidential nominee. He hosted a lunch for Romney last week at his office in Las Vegas while the candidate was in town for campaign events. Several sources said the two men got along very well during the meeting, which lasted more than an hour.
Later that night, Gingrich and Adelson, joined by Romney, attended a donor's reception for his campaign. At that event, Gingrich urged Adelson to give to Restore Our Future, CNN has learned.
Adelson has previously discussed giving as much as $100 million this election cycle. Many groups would love to have a piece of that pie. Along with any future contributions to super PACs, he has said some of his support may go to a Republican advocacy group.
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Again, the U.S. Supreme Court's right-wing, activist members gave our democracy to the fat-cats. This is just yet another example. The pitiful thing is the social conservatives who are being jerked around by hate radio and these corporate super-PACS. The fat-cats will support "social issues" because they don't cost them any money and the ignorant, bigoted and toothless masses support them at the polls. Does America have any place left for moderates who simply want fairness and freedom for everybody – not just the wealthy?
The best elections money can buy. True Americans with the people at heart. Right!! Now let me sell you some land on the beach in downtown Miami or a bridge in Brooklyn.
So, kind of like Bill Maher did for Obama. Only Adelson knows how to keep his pie hole shut!
Obviously this man has too much money if all he can do with it is buy candidates. He would be much better off throwing it out a window. That is unless he's been "promised" something in return. (wink, wink... it's for the Super PAC wink) Thank you again Supreme Court.
Adelson! Adelson! Adelson! How much will you owe?
Sheldon Adelson has big issues with the Justice department. Romney is the guy to take the heat off. Not to mention Taxes !
Look up Adelson Federal investigation
You can give him your entire life, he is not gonna win
Sheldon is wasting his money
Just one of the 1% backing Romney. Koch brothers, too. Lesson of the story: Your election can be bought by a few.
The 1% buying your elections. Here are a couple more who back Romney:
Richard Marriott and Bill Marriott Jr.
Julian Robertson Jr.
L. Francis Rooney III
USA is on SALE....
After Wisconsin, we have seen what big bucks can buy........
The conservatives and GOP seem to complain about the money that Obama was going to raise. The problem is that Obama was going to raise money for his campaign to counter the larger amount of money that all the various conservative groups were going to raise. There's much more of that just like bulls make a lot of that.
I am NOT a Republican; but, smart move Mr. Adelson!
If canidates can be bought this guy is buying one.