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 (Restore Our Future) supporting the presumptive GOP nominee, Mitt Romney, according to people with knowledge of the matter.
(...) 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.
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.
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