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Monday, Aug. 27, 2012 | 1:44 p.m.
A Las Vegas casino mogul is increasing his clout in the conservative political realm one check at a time and it’s not Las Vegas Sands CEO Sheldon Adelson.
Wynn Resorts Limited, owned by billionaire Steve Wynn, gave $475,000 to the Republican State Leadership Committee in July, according to the committee’s most recent IRS report. The nonprofit focuses on electing Republican candidates to state legislatures and other down-ballot offices.
It’s the latest big donation from Wynn, who as Politico reported last month, has contributed millions to Karl Rove’s nonprofit Crossroads GPS.
Wynn has spent $90,000 supporting the campaigns of Republican candidates and party committees so far this election cycle, according to data compiled by the Center for Responsive Politics.
Of that total, $30,800 went to the Republican National Committee, another $30,800 went to the National Republican Congressional Committee, and thousands went to the campaign coffers of Republican presidential nominee Mitt Romney and lawmakers including House Speaker John Boehner, R-Ohio, Nevada Sens. Dean Heller and Joe Heck Nevada Rep. Mark Amodei and Rep. Dave Camp, R-Mich.
Wynn Resorts has also given $350,000 to the Republican Governors Association during the 2012 election cycle, according to data from CQ Moneyline.
Wynn claims he voted for Barack Obama in 2008, and that year was generous to Democratic candidates. He gave $3,500 to the Democratic Senatorial Campaign Committee and thousands of dollars to the campaigns of Democrats such as Sen. Max Baucus of Montana, Rep. Shelley Berkley of Nevada and then-presidential candidate Joe Biden. Wynn has not contributed to Democratic candidates and party committees this cycle.
Adelson, meanwhile, has become one of the Republican Party’s most important donors. He and his family have given more than $30 million to Republican super PACs and other political organizations that have been active in both the presidential race and Heller’s campaign against Berkley.
Isn't Steve Wynn a big supporter of Communist China???
No mschaffer that would be Harry Reid.
How did the stock rise? Zero Percent interest rates. These people knew exactly what the Fed would do and doubled down.
The "money" these people are donating was transferred from savers. Costs them nothing because it isn't even their money. If you think it is then explain to me how they earned it? They didn't it was stolen from savers by paying them a well below market rate of interest on THEIR risk.
Since Weinberg is making minimal profit in Las Vegas these days, it's obvious that this is Communist Chinese money to going the Republican party.
Meanwhile, the Wynn stock price has gone up five fold in the last 3 years. Making Weinberg's net worth, which is based mostly on his stock holdings, increase substantially.
Chinese didn't make his stock go up, FREE FED money pumped into Banks which has made its' way into equities did.
The Chinese after also been hurt by negative interest rates. They hold substantial Treasury debt. However the Congress will cover most of their embarrassing losses as they did with TARP.
All this FREE money is actually YOUR money stolen from you. Stolen out of Social Security and Medicare. Stolen out of your home equity. Stolen out of your wages.
The minute they lowered interest rates to the ground Obama's Presidency was doomed.
comrade weingberg, can easily contribute because he steals money from his employees and gives it to his managers instead of him paying the managers himself. By ripping off your employees tips you have extra money to donate to worthy causes--like the Macau university.
GOOD JOB WEINGBERG!