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Report: Billionaire Casino Mogul Sheldon Adelson Spent Nearly $150 Million On 2012 Campaign

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"Report: Billionaire Casino Mogul Sheldon Adelson Spent Nearly $150 Million On 2012 Campaign"

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Billionaire Casino Mogul Sheldon Adelson

Billionaire Casino Mogul Sheldon Adelson

While public records show billionaire casino mogul Sheldon Adelson and his wife Miriam gave over $53 million to pro-GOP super PACs in the 2012 campaign, he gave about $100 million more to secretive 501(c)(4) groups that do not disclose donors, according to a Huffington Post report. And now, Adelson is reportedly attempting to leverage his massive pro-GOP investment to spur House Republicans to pass legislation that would help his company.

According to the report:

This coming week, Adelson plans to visit Washington, according to three separate GOP sources familiar with his travel schedule. While here, he’s arranged Hill meetings with at least one House GOP leader in which he is expected to discuss key issues, including possible changes to the Foreign Corrupt Practices Act, the anti-bribery law that undergirds one federal probe into his casino network, according to a Republican attorney with knowledge of his plans.

Adelson’s Las Vegas Sands is under investigation in two countries for possible corrupt practices. By weakening the Foreign Corrupt Practices Act, his company could potential be let off the hook for any misdeeds.

Adelson vowed in April to keep the bulk of his future political spending undisclosed, because he believed the media’s use of the phrase “casino mogul” when reporting on his donations was “not helpful to the person” he was trying to elect. The voters proved him correct on that: nearly all of his favored candidates lost on election day.

Update

As a point of comparison, the 2004 general election campaigns of President George W. Bush and Sen. John Kerry combined to spend less than $150 million.

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