CASINO BOSS BETS $10M ON ROMNEY!

(The Wall Street Journal) – Billionaire conservative casino mogul Sheldon Adelson, who helped keep Newt Gingrich’s failed presidential campaign alive during the Republican primaries, is giving $10 million to the super PAC supporting the presumptive GOP nominee, Mitt Romney, according to people with knowledge of the matter.

The leader of the super PAC Restore Our Future, Carl Forti, wouldn’t confirm the donation and said his policy was to not comment on donors or potential donors. Mr. Adelson’s spokesman could not be immediately reached for comment.

The $ 10 million figure appears to be the largest single donation towards Mr. Romney’s efforts so far. The independent political action committee, by law, cannot coordinate its work with the formal Romney campaign.

Mr. Adelson is chairman and chief executive of Las Vegas Sands Corp., which includes the famous Venetian casino in Las Vegas, as well as casinos in Macau and Singapore. Forbes Magazine has ranked him among the 10 wealthiest Americans with a net worth of more than $20 billion.

Mr. Adelson and his family gave $21 million in total to a PAC supporting Mr. Gingrich during the early primaries, but turned off the spigot after Mr. Gingrich fell far behind in the races and the delegate count.

Since Mr. Gingrich pulled out of the primary race, Republican leaders have been waiting for Mr. Adelson to step forward for Mr. Romney.

On a trip to Las Vegas late last month, Mr. Romney and Mr. Adelson had a private meeting.

Afterwards Mr. Adelson attended Mr. Romney’s dessert fundraiser for those who contributed $50,000 or more.

More: WSJ.com Guide to Super PAC Spending

People close to Mr. Adelson said that he wants to be certain about Mr. Romney’s positions on key issues, including support for Israel against aggressors in the Middle East. Mr. Adelson has publicly criticized President Barack Obama’s support of Israel as too weak.

Mr. Adelson has told friends that he intends to give at least $100 million to conservative causes and candidates this election cycle. He contributed some $250,000 to Republican Gov. Scott Walker of Wisconsin, who just won against a labor union-forced recall election there.

But he has also told his friends and colleagues that he would prefer to keep his contributions under wraps in order to avoid controversy, and will likely focus donations mostly on non-profits affiliated with political PACS, which don’t have to disclose the names of donors. He is expected to donate to the conservative non-profit Crossroads GPS, which was founded by Republican strategist Karl Rove, a longtime friend of Mr. Adelson, according to Republican fundraisers.

http://blogs.wsj.com/washwire/2012/06/13/adelson-gives-10-million-to-pro-romney-super-pac/

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