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December 20, 2014

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politics:

Sands CEO Adelson continues campaign spending spree

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Christopher DeVargas

Las Vegas Sands CEO and Chairman Sheldon Adelson makes a few remarks after receiving the Hospitality Industry Leader of the Year award at the eighth-annual Vallen Dinner of Distinction, April 26, 2012.

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Billionaire casino mogul Sheldon Adelson is again opening his wallet to conservative political groups, but this time he’s not writing $10 million checks.

Adelson this month is spreading what amounts to pocket change to lower-profile super PACs that aim to boot President Barack Obama from office and elect Republican lawmakers.

As of this month, Adelson, together with his wife Miriam, have donated over $40 million to candidates and committees for the 2012 election, federal records indicate. They also gave $5 million to help bankroll the Republican National Convention.

But this month, they’ve gone smaller, according to Federal Election Commission records. Thus far, they’ve given:

* $1 million to the Ending Spending Action Fund, a group run by fellow billionaire Joe Ricketts that features ads with disaffected 2008 Obama voters.

* $1.5 million to the Independence Virginia PAC, a super PAC backing Republican Senate candidate George Allen.

* Just under $800,000 to the New American Energy Opportunity Foundation, a 501(c)4 nonprofit airing radio ads hitting Obama’s energy plan.

* $190,000 to the Hispanic Leadership Fund Action super PAC.

The smaller donations are somewhat of a departure for the Adelsons, who most notably bankrolled the pro-Newt Gingrich super PAC Winning Our Future with $15 million, and later began funding pro-Romney super PAC Romney Restore Our Future, which like all super PACs may raise and spend unlimited amounts of money to promote or attack political candidates.

The Adelsons have contributed $10 million this year to Restore Our Future, which has this election cycle spent more money than any other super PAC through September.

Adelson also helped fund the conservative Congressional Leadership Fund, Texas Conservatives Fund, YG Action Fund and Freedom PAC super PACs, federal records show.

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  1. So, Mr. Adelson, THIS is the kind of Crazy your do-re-me is funding...

    "George Allen Doubles Down on Far Right, Anti-Women Agenda, Campaigns with Governor Bob 'Ultrasound' McDonnell"...

    http://www.equities.com/news/headline-st...

    http://www.equities.com/news/headline-st...

    http://www.huffingtonpost.com/2012/10/24...

    Ya know, when this election cycle is over, you will STILL have businesses that people can decide to patronize, OR NOT.

  2. And the Sun is going to do a story on how much money the unions are giving the Democrats when.....

  3. A quick check and I found that unions will spend more than $400 million trying to elect Obama.

    http://www.nationalreview.com/corner/292...

  4. Newsflash mrlucky, nobody working for Wynn or Adelson has a gun to their head forcing any of them to work there. They work there according to their own free will. They can quit anytime they like.

    And exactly how many jobs have you created in this town?

  5. Nice try, Noindex, but leftists are for "diversity," being "non-judgemental" and free speech only when it meets their loony agenda. They want to forcibly take money from one set of people, the productive, and "re-distribute" it to another, the parasitic class. They also delight in abrogating free speech, the right of association and any dissent by revoking the Constitutional rights of those they disagree with. We are very fortunate they are not solely in charge and that's why it's so important to get rid of the guy with the Cheshire Cat grin and his cohorts. If you haven't yet cast your vote, do so and do it for R&R and for the future of the United States of America and for what it used to stand for before Osama Obama and his fellow travelers have a further chance to "fundamentally" change it!

  6. The open participation in this years Presidential election by Sheldon Adelson and Steve Wynn sends a message throughout the Nation, that maybe gaming expansion needs a second or third look when on placed the ballot in other states. Or more precise, who and what gaming company is on the ballot.

    Without domestic gaming, there is no gaming! Oh, you said, Macau is driving profits. Yes, Macau and Sinapore are driving the profits for Wynn and Adelson. However, US gaming is the rudder for regulatory and compliance. Without credible oversight, the gaming industry will die a slow death from being a large scale player.

    Yeah, dare Steve Wynn to move his corporate office to Macau next time he threaten to do so! It's a bluff one can surely win.

    The larger picture, Adelson, in exercising his freedom of expression has placed a target on the back of gaming. Online Poker is a carrot dangled so high to the industry, some companies actually think this will pass at the federal level soon.

    After lawmakers take an assessment of how gaming leaders like Adelson and Wynn have openly opposed candidates and supported candidates with millions of dollars, and the outburst of questionable comments, you can look for a low-down on the expansion of gaming in other States.

    Right now, there is only one gaming corporation conducting business in a responsible way. Doing things the old school way. Low profile, persuading state and local leaders. This one company is making gaming look good. The company leaders are making the rounds in the right places and looked upon on Wallstreet as a steady competent operator. This one good gaming player has position the company for the future growth in the domestic and international gaming markets.

    You can be assured, Wynn and Adelson need domestic support. They can not run on the coattails of the good companies.

    If anyone recalls the opposition to Steve Wynn years ago from Conneticut leaders? It will be ten fold from now on for Adelson and Wynn for any domestic expansion.

  7. At least the union is looking out for his employees. Adelson is concerned about one thing, and one thing only - how to get richer.

  8. Perhaps all the participants in a fund raiser for the Adelson Hospice should think about how much $$ is being spent to defeat the President. Perhaps the $$ being spent to defeat the President should be used to finance his other projects, too.