Newt's Billionaire Benefactor to Drop Another $5M
Vegas casino mogul Sheldon Adelson plans to give the pro-Newt Gingrich super PAC Winning Our Future another $5 million, Jon Ralston reports. That money will help the super PAC compete against the pro-Mitt Romney Restore Our Future PAC, which has already spent $4.4 million hammering Gingrich in Florida. Winning Our Future has yet to spend a dime in Florida, according to ProPublica's tally.
Ralston reports in the Las Vegas Sun:
Gondolier Numero Uno Sheldon Adelson, through his wife, will give Newt Gingrich's SuperPAC another $5 million, a source close to Adelson confirmed today.
That makes $10 million from the man who built the Venetian (in Vegas and Macau!) to help his old friend, the former speaker.
My guess is so long as Gingrich stays competitive, Adelson, the eighth richest man in America, will be there to help through Winning Our Future. And in so doing, he will keep Gingrich, whom he has known for a decade and a half, competitive with Mitt Romney's money machine.
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