Need to Know
December 5, 2012 4:32 AM
Money Bag: Adelson to keep on betting on the GOP
Posted by Staff
Wall Street Journal reports:

After spending more than $100 million mostly on losing Republican election campaigns this year, casino billionaire Sheldon Adelson said he planned to stay in the game and double down on his political donations.

Mr. Adelson, who was one of the Republican Party's biggest donors in 2012, will again give heavily to GOP candidates and conservative causes, he said in an interview, especially to state-level, antiunion initiatives.

"I happen to be in a unique business where winning and losing is the basis of the entire business," said Mr. Adelson, who directly backed one winning and eight losing candidates in the November election, including Mitt Romney. "So I don't cry when I lose. There's always a new hand coming up."

Mr. Adelson was approached by five GOP governors, including potential 2016 presidential contenders Bob McDonnell of Virginia and Louisiana's Bobby Jindal during the Republican Governors Association conference last month in Las Vegas. So far, he said, he is noncommittal. The governors' offices declined to comment. Facebook Fark Furl
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