Major GOP donor eyes $100 million in donations
June 18th, 2012
03:05 PM ET
2 years ago

Major GOP donor eyes $100 million in donations

Washington (CNN) – Fresh off a major donation to the pro-Mitt Romney super PAC, Nevada billionaire and major Republican donor Sheldon Adelson is expected to continue his support for some other GOP causes and may donate as much as $100 million this campaign cycle, a source with knowledge of his donations told CNN.

He doesn't want to put all his eggs in one basket, according to the source, and wants to see how the groups to which he contributes perform before deciding whether to give more.

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Among the potential recipients: the advocacy group Crossroads GPS co-founded by Karl Rove and an organization aligned with billionaires Charles and David Koch, who are sponsoring several different groups whose priority is aimed at helping Republicans to get out the vote vs. airing television ads. Crossroads and representatives for Koch have each asked Adelson for $10 million, but he has made no firm decisions about the level of commitment, according to the source contradicting some other reports.

"The requests are coming fast and furious," the source said. After months of speculation Adelson and his wife Miriam donated $10 million to Restore Our Future, the pro-Romney super PAC, making them its largest donors. This $10 million would be included in the $100 million total Adelson is looking to give during this campaign cycle.

The Huffington Post first reported the possible expansion of Adelson's contributions.

The casino magnate, whose worth is estimated at almost $25 billion by Forbes Magazine, is ranked as the 7th richest man in America.

Adelson and his wife contributed $20 million to the super PAC Winning Our Future, which was largely responsible for helping keep Newt Gingrich's campaign alive last winter by airing a series of attack ads aimed at Romney. In an interview with Forbes last winter he talked about possibly supporting Gingrich's campaign to the tune of $100 million.

Once Gingrich's campaign faltered, many political analysts wondered when he would switch his support for Romney and at what level.

Those close to Adelson had said he had always vowed to support whoever emerged as the Republican nominee because associates said his primary goal was to prevent the president from getting re-elected.

"He wants to beat Barack Obama," said one friend of his who requested anonymity.

With the second fundraising quarter coming to a close at the end of June, Adelson felt it was the right time, according to the friend.

"The race is on," said the friend. "He will do everything he can."

What may have also helped Romney's cause is a lunch Adelson hosted for the presumptive Republican nominee at his Las Vegas office lasting for more than an hour last month.

One source also addressed concern criticism by Arizona Sen. John McCain that foreign money was making its way into the campaign because much of the revenue of Adelson's Sands Corporation comes from overseas, including in Macau, an administrative region under the control of China.

The source, who is close to Adelson, fought back saying "it is the same revenue stream from four years ago when John McCain took the money," referencing McCain's 2008 campaign.

Representatives of Adelson have refused to speak about his contributions because the casino magnate prefers his political activities be kept private.

Also see:

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Romney sees bright side of rain-soaked campaign event


Filed under: 2012 • Fundraising • Mitt Romney
soundoff (284 Responses)
  1. snowdogg

    "major Republican donor Sheldon Adelson is expected to continue his support for some other GOP causes and may donate as much as $100 million this campaign cycle"

    THIS MAKES ME WANT TO HURL!

    June 18, 2012 03:39 pm at 3:39 pm |
  2. Ashley from Ohio

    Sheldon's wealthy Chinese casino customers are about to play their dumbest hand yet . . .

    June 18, 2012 03:39 pm at 3:39 pm |
  3. su3385

    Ah yes! Democracy for sale to the highest bidder.

    June 18, 2012 03:39 pm at 3:39 pm |
  4. Big C

    Imagine if he put this money towards actually creating jobs......

    June 18, 2012 03:42 pm at 3:42 pm |
  5. David(WA)

    Proof positive that big money controls our country and our democracy. Shame on the SCOTUS for its Citizen's United ruling – it's that fault of the five corporatist judges who have been bought and paid for by unAmericans like Sheldon Adelson. The rich want to keep lining their pockets at the expense of the poor and middle class. Very soon America will be a Feudalist society, where the 99% are serfs working for the 1% who are our kings and lords.

    June 18, 2012 03:43 pm at 3:43 pm |
  6. Andy

    How come the right-wing christians are not speaking out against the republican candidates receiving sinful amounts of money from someone who has obtained his wealth by preying on the weak who gamble?

    June 18, 2012 03:44 pm at 3:44 pm |
  7. Obama - Protecting the rights of ILLEGAL ALIENS to invade our country while SUING states to make sure they can vote as well

    >su3385 - Ah yes! Democracy for sale to the highest bidder.

    Obama is the highest bidder on record in 2008. Were you complaining then?

    June 18, 2012 03:44 pm at 3:44 pm |
  8. EddyL

    What he really means is he wants to see which elections he can buy.

    June 18, 2012 03:44 pm at 3:44 pm |
  9. FactsRBad

    The 5 members of the Supreme Court that voted to allow unlimited contributions should be embarrassed by naiveté and their inability to foresee the type of behaviors that their ruling would produce. 4 of the Supremes got it right.

    June 18, 2012 03:47 pm at 3:47 pm |
  10. chilly g

    bad decision by the supreme court.if something is'n done we will be having four(4) million dollars come from
    over sea to decide who is our president, and its all because some members of the supreme court think the outside money
    will hurt the current president that what this whole thing is about.

    June 18, 2012 03:47 pm at 3:47 pm |
  11. Mike

    How to buy an election Sheldon Adelson. Our politics has such a bright future.

    June 18, 2012 03:48 pm at 3:48 pm |
  12. SafeJourney

    SOLD ! To the party with the mob money backing.

    Next Item up for Bid..........This beautiful ..................

    June 18, 2012 03:48 pm at 3:48 pm |
  13. Obama - Protecting the rights of ILLEGAL ALIENS to invade our country while SUING states to make sure they can vote as well

    Kevin in VA - and the sad part is , he will write it off of his taxes
    ==================================================
    Clueless as usual.... political contributions are NOT tax deductable. He is doing it because he is a TRUE PATRIOT.

    June 18, 2012 03:48 pm at 3:48 pm |
  14. Wire Palladin, S. F.

    First it was lying, then the money launderer, Mittens sold his soul to the gambling industry.

    June 18, 2012 03:50 pm at 3:50 pm |
  15. demwit

    Do forget about that Media Matters report either Kevin. It adds a little more flavor to the Huffington Post report..., wink, wink.

    June 18, 2012 03:50 pm at 3:50 pm |
  16. Jimm

    Representatives of Adelson have refused to speak about his contributions because the casino magnate prefers his political activities be kept private.

    -----–

    Really?

    June 18, 2012 03:50 pm at 3:50 pm |
  17. some guy in New Hampshire

    The Supreme Court's Citizens United decision claims that Adelson's action won't create even the appearance of corruption. It is believable that a president who owes his office to a handful of donors will ignore their interests in making his decisions? The only way to get the corruption of money out of politics is to go to publicly funded elections so that every candidate has the same amount of money and the election can be a contest of ideas instead of a contest of donors.

    June 18, 2012 03:51 pm at 3:51 pm |
  18. john from atlanta

    here goes voice of the middle class out the window.

    June 18, 2012 03:54 pm at 3:54 pm |
  19. Izza Rollin

    Orwells "1984" has arrived as we insert head in butt spend our energy cursing our political opposites.

    June 18, 2012 03:54 pm at 3:54 pm |
  20. Rupert Murdoch = Josef Goebbels

    Citizens United allows one rich guy to shout "Romney" louder than 200 million regular Americans can shout "Obama." The SCOTUS, in league with FOX "news," is destroying rational discourse about our country's future.

    June 18, 2012 03:54 pm at 3:54 pm |
  21. v_mag

    Sagebrush Shorty said:

    "It's his money and he can spend it as he sees fit."
    --

    So, I guess you'd say about Bin Laden, "It was his money. He can fly a plane into the Twin Towers if he wants to." The private money pouring into the election process is more damaging to the U.S. than flying planes into buildings.

    June 18, 2012 03:55 pm at 3:55 pm |
  22. PAC not citizens

    Why can donors– both parties- give millions of dollars. Millions upon millions over the various campaigns. Yet our government is in debt, education is cut, people are hungry and healthcare is a mess. And then the lobbies that spend millions to keep taxes low. Get rid of lobbies, get rid of political donations, and use this money to fix our sorry state!

    June 18, 2012 03:57 pm at 3:57 pm |
  23. CB

    Anybody that would contribute that kind of money to save this country from Obama and his cabal of lawless leftists is a TRUE PATRIOT!!
    --
    What kind of fool are you????? If you think for one minute this guy is doing this to benefit anyone other than himself, you are nuts. Look into what this guy has done. He is under three investigations for violating the Foreign Corrupt Practices Act. When he built the Venetian in Vegas, he stiffed so many contractors, he had 366 liens filed against the property at it's completion. Most of this "job creator's< money is made at casinos operated in Macau. Sounds like a real patriot. What we have is a handful of rich billionaires buying our elected officials, and you say Thank you. What an idiot. Wake up.

    June 18, 2012 03:57 pm at 3:57 pm |
  24. Daveinil

    Yep, it's a crime when an individual wants to donate his money to the Republican PACs but it's just fine when a Union political fund decides to donate its members' money to the Democrats regardless of the individual union member's wishes. And not a peep of protest from the liberals when George Soros or Bill Maher send their money to the left side PACS. H Y P O C R I T E S!

    June 18, 2012 04:01 pm at 4:01 pm |
  25. jake

    It all goes back to the US Supreme Court who in their wisdom (or lack of) said it was ok for elected office to be bought and paid for by bribery. Let's call it what it is...bribery. No one is going to pump millions into somebody's pocket and not get something back. The selling of our Government is ok according to the US Supreme Court. These guys have no business sitting in Traffic Court, much less the Supreme Court. They should hang their heads in shame.

    June 18, 2012 04:01 pm at 4:01 pm |
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