Billionaire Benefactor Is Tired Of Backing Losers In The GOP

Blowing millions of dollars on a Newt Gingrich presidential campaign apparently changes a man.

After dumping $15 million into a super PAC that helped sustain Gingrich’s quixotic 2012 campaign until its inevitable demise, casino magnate Sheldon Adelson is going to play to win next time around.

From the Washington Post:

This time, the Adelsons are plotting their investments based not on personal loyalty, but on a much more strategic aim: to help select a Republican nominee they believe will have broad appeal to an increasingly diverse national electorate.
The change in attitude comes amid early jockeying by a lengthy list of aspiring Republican presidential contenders to win the affections of the billionaire, who is in the beginning stages of assessing the field.
“The bar for support is going to be much higher,” said Andy Abboud, Adelson’s top political adviser and an executive at the Adelson-run Las Vegas Sands Corp. He added, “There’s going to be a lot more scrutiny.”

According to the Post, four prospective GOP contenders will be paying Adelson a visit this week at his Las Vegas hotel: former Florida Gov. Jeb Bush, New Jersey Gov. Chris Christie, Wisconsin Gov. Scott Walker and Ohio Gov. John Kasich.

ABOUT THE AUTHOR

Tom Kludt is a reporter for Talking Points Memo based in New York City, covering media and national affairs. Originally from South Dakota, Tom joined TPM as an intern in late-2011 and became a staff member during the 2012 election. He can be reached at tom@talkingpointsmemo.com.
LIKE US ON FACEBOOK