Entries in Sheldon Adelson (5)


Sheldon Adelson May Stop By Romney Jerusalem Fundraiser

Jerome Favre/Bloomberg via Getty Images(WASHINGTON) -- Mitt Romney may have quite the high-profile guest at his Jerusalem fundraiser. A donor to Romney who helped plan the presumptive GOP nominee’s trip to Israel tells ABC News that Sheldon Adelson will be at his home in Israel and may stop by.

Adelson’s spokesperson Ron Reese tells ABC News they won’t comment on his travel schedule, but did point out that the Las Vegas Sands is reporting its quarterly earnings today, meaning Adelson is in Las Vegas.

The donor is close friends with both Romney and Adelson. Adelson and his wife, Miriam–who is from Israel– have given at least $10 million to the pro-Romney superPAC Restore Our Future. They also gave $20 million to a superPAC supporting Newt Gingrich during the primary campaign. He has vowed to spend $100 million to defeat President Obama.

The fundraiser was supposed to be on Sunday night, July 29, after the Jewish holiday of Tish a B’av, a day of fasting and mourning in Judaism and the saddest on the Jewish calendar. It has now been moved to Monday at 7:45 a.m. at the King David Hotel.

The famous hotel located in the center of Jerusalem is walking distance from the Western Wall. The event will be small, with only about 20 to 30 attendees, and it is expected to last until 10 a.m., according to the donor planning the breakfast. The price tag is $50,000 per couple or $100, 000 raised.  Only American citizens can donate to campaigns and most of the attendees will be Americans living in Israel or visiting at the time.

Romney is currently in London, but is expected to land in Israel Saturday night, give a major foreign policy speech on Sunday in Jerusalem, as well as meet with Prime Minister Benjamin Netanyahu, whom he’s known since the 1970s when they worked together at the Boston Consulting Group. They are expected to dine together Sunday evening.  Romney will also meet with President Shimon Peres, Palestinian Prime Minister Salam Fayyad, and U.S. Ambassador to Israel Daniel Shapiro.

The New York Times reported Monday that Adelson is behind  the Republican Jewish Coalition’s new multi-million dollar advertising blitz targeting Jewish voters in Florida, Ohio and Pennsylvania.

Copyright 2012 ABC News Radio


DCCC Reviewing Sheldon Adelson’s Lawsuit Threat

Jerome Favre/Bloomberg via Getty Images(WASHINGTON) -- Las Vegas Casino billionaire Sheldon Adelson has threatened to sue the Democratic Congressional Campaign Committee (DCCC) if it does not immediately retract and apologize for what Adelson’s lawyers call defamatory statements, “falsely accusing Mr. Adelson of encouraging and profiting from prostitution.”

ABC News obtained a copy of the letter sent to the DCCC, which claimed articles posted on the DCCC’s website are “outrageous and completely untrue.”  The articles were in relation to reports that said the Las Vegas Sands Corp. CEO approved and knew of prostitution at the casino’s Macau location.

Adelson’s spokesman denied the claim after it surfaced last month, and his spokesman repeated on Wednesday the assertion that the prostitution claims are false.

While Adelson’s lawyer would not comment on the threatened lawsuit, a spokesman for Adelson told ABC News that he believes the letter and a related legal document “very clearly” speak for themselves.

DCCC spokesman Jesse Ferguson told ABC News that the DCCC just received the letter from Adelson’s legal team, will be internally reviewing it and did not immediately have a response.

Because Adelson is one of the most influential donors in the Republican Party, the DCCC asked on its website in regard to the prostitution claim, “What will Speaker Boehner, Leader Cantor and House Republicans do with their Chinese prostitution money?”

In a separate post, Ferguson is quoted saying, “It’s past time for House Republicans to reject the support of these groups funded by foreign money from a Chinese prostitution strategy.”

Adelson’s lawyers claim the DCCC’s statements were “widely repeated” online and caused “serious and irreparable injury to Mr. Adelson and his family.”

Copyright 2012 ABC News Radio


Sheldon Adelson to Give Pro-Romney SuperPAC $10M

Jerome Favre/Bloomberg via Getty Images(WASHINGTON) -- Sheldon Adelson is opening his wallet once again, this time contributing at least $10 million to Mitt Romney’s super PAC “Restore Our Future.”

The Wall Street Journal first reported the haul and ABC News has confirmed the amount.

A Romney donor who is involved in fundraising for both the campaign and the superPAC said that Adelson gave two more contributions above the $10 million mark to the super PAC, but would not reveal the amount.

Restore Our Future would not confirm or comment on the donation.

“We don’t comment on donors or donations or potential donors or donations,” said ROF spokesperson Brittany Gross.

The billionaire casino mogul and his wife Miriam, who are worth more than $20 billion, gave $21 million to Newt Gingrich’s super PAC. He met with Romney in Las Vegas last month and attended a fundraiser for him. Adelson was widely expected to donate to the presumptive GOP nominee’s efforts at some point.

Copyright 2012 ABC News Radio


Source: Billionaire Expects 'Nothing' from Gingrich Super PAC

Jerome Favre/Bloomberg via Getty Images(ATLANTA) -- A source close to Sheldon Adelson, the billionaire casino mogul playing a major role in funding former House Speaker Newt Gingrich's revived presidential bid, tells ABC News exclusively that Mr. Adelson is "puzzled" by the attention the recent Super PAC gift has received.

Adelson, who has battled successfully to keep unions out of his various Las Vegas properties, says labor unions give "hundreds of millions of dollars" to candidates in every election cycle with little or no attention.

When asked what Mr. Adelson expects in return for his contributions to Mr. Gingrich's Super PAC, the source said, "Nothing." He continued, "This is a principled contribution to a man who Mr. Adelson believes shares his values and vision for America."

Adelson's wife, Israeli-born physician Dr. Miriam Adelson, signed the check on the couple's joint account providing the money to Gingrich's Super PAC, Winning Our Future. The contribution brings the couples' total support of Winning Our Future to $10 million, after Sheldon Adelson gave the Super PAC a $5 million shot in the arm just before the New Hampshire primary earlier this month. That initial cash infusion has been widely credited with breathing new life into Gingrich's campaign and directly leading to his resounding defeat of Gov. Mitt Romney in Saturday's South Carolina primary.

The most recent Adelson donation is already potentially coming in handy in Florida. On Wednesday, Winning Our Future announced a $6 million buy to air an ad attacking Romney's Massachusetts healthcare plan.

Having the financial resources to take to the air waves is crucial to winning in Florida, a large and heavily populated state where expensive television advertising is critical to reaching voters.

Adelson is one of the wealthiest men in the country. Ranked 8th on the Forbes list of richest Americans and 16th in the world, he amassed his fortune in Las Vegas as a high-end casino owner after growing up in humble circumstances in the Dorchester neighborhood of Boston. His net worth is estimated at $21.5 billion.

Copyright 2012 ABC News Radio


Casino Billionaire Not Donating $20 Million to Gingrich’s Super PAC

Adam Gault/Thinkstock(LAS VEGAS) -- A spokesman for a Las Vegas casino billionaire and a super PAC official are denying a published report that the billionaire, Sheldon Adelson, has committed $20 million to the super PAC, Time for Newt, which supports Newt Gingrich.

Charlie Smith, founder and president of Time for Newt and the group behind it, Solutions 2012, denied Thursday morning’s report of the commitment by Politico.

Though Adelson and his wife did give the maximum $2,500 each to the Gingrich campaign, Smith said it would be “very out of character for Mr. Adelson to announce something like this to the press.”

“We certainly weren’t involved in putting any information out there,” Smith said.

A spokesman for Adelson, Ron Reese, told ABC News the report of the $20 million donation is false and he does not know the source of the claim.

Reese added, however, that Adelson has been a longtime Gingrich supporter.

The pro-Gingrich Super PAC was launched in November by a graduate student and raised $10,000 within the first few hours of being live.

A super PAC is a less regulated form of a political action committee. People can give freely to the super PAC and the group can raise as much money as it wants. The only catch is it cannot have any connection to the candidate’s campaign or a political party.

Copyright 2011 ABC News Radio

ABC News Radio