MOBILE USERS: m.isthmus.com
Connect with Isthmus on Twitter · Facebook · Flickr · Newsletters · Instagram 
Wednesday, August 27, 2014 |  Madison, WI: 63.0° F  Mostly Cloudy
Collapse Photo Bar

Macau casino mogul donates $34 million to Romney campaign

Races for the Senate, U.S. House, etc. and other issues of national importance.

Macau casino mogul donates $34 million to Romney campaign

Postby kurt_w » Mon Oct 22, 2012 10:53 am

The largest donor to either presidential campaign is the casino mogul Sheldon Adelson, who's already given $34 million to the Romney campaign and affiliated organizations.

Adelson also owns casinos in Pennsylvania and Las Vegas, but the vast majority of his wealth appears to come from his operations in the Chinese territory of Macau (a former Portugese colony with an unpleasant reputation).

This summer alone, Adelson's Macau gambling empire has been accused of involvement in prostitution (which is legal and widespread in Macau), bribery, and organized crime. (Adelson's Las Vegas casinos are also being investigated over allegations of money-laundering.)

Adelson has promised to spend $100 million on behalf of the Romney campaign this year, a stupendous sum that would be totally unprecedented in US electoral history. Shortly after his nomination as Romney's running-mate, Paul Ryan himself made a secretive visit to Adelson's Las Vegas property (closed to the media).

What exactly is Adelson buying with this $34 million, or the additional $66 million that may already be flowing?

Image
kurt_w
Forum God/Goddess
 
Posts: 5055
Joined: Tue Jul 22, 2003 3:11 pm

Re: Macau casino mogul donates $34 million to Romney campaig

Postby kurt_w » Mon Oct 22, 2012 1:45 pm

Forgot to mention that Adelson also apparently paid for approximately 10% of the total cost of the Republican convention in Tampa.
kurt_w
Forum God/Goddess
 
Posts: 5055
Joined: Tue Jul 22, 2003 3:11 pm

Re: Macau casino mogul donates $34 million to Romney campaig

Postby Ned Flanders » Mon Oct 22, 2012 2:42 pm

Cool! The conservative Soros.
Ned Flanders
Forum God/Goddess
 
Posts: 13256
Joined: Wed Jun 13, 2001 2:48 pm

Re: Macau casino mogul donates $34 million to Romney campaig

Postby rabble » Mon Oct 22, 2012 2:59 pm

I thought the Kochs were the conservative Soros.

Or maybe it was Rupert Murdoch. There's so many of 'em it's hard to keep track of which one is the Soros.
rabble
Forum God/Goddess
 
Posts: 6089
Joined: Tue Jun 10, 2008 7:50 pm

Re: Macau casino mogul donates $34 million to Romney campaig

Postby kurt_w » Mon Oct 22, 2012 3:15 pm

rabble wrote:I thought the Kochs were the conservative Soros.

Or maybe it was Rupert Murdoch. There's so many of 'em it's hard to keep track of which one is the Soros.


Yeah, no kidding.

Obama's largest donor is Jeffrey Katzenberg (chief executive of DreamWorks Animation). He's given Obama and Obama-leaning SuperPACs $2.6 million this year.

But that's small potatoes compared to Romney's donors. Romney has at least five donors giving more than that amount, including Adelson (of the sleazy Macau casino empire), one of the Koch brothers, and three other Texans.

But it's really Adelson who is the outlier here. Nobody else has promised to invest $100 million in this election. Although I suppose the in-kind contributions of Murdoch's media empire (in the form of free pro-Republican coverage) are somewhat comparable.
kurt_w
Forum God/Goddess
 
Posts: 5055
Joined: Tue Jul 22, 2003 3:11 pm

Re: Macau casino mogul donates $34 million to Romney campaig

Postby HawkHead » Mon Oct 22, 2012 7:20 pm

kurt_w wrote:Adelson has promised to spend $100 million on behalf of the Romney campaign this year, a stupendous sum that would be totally unprecedented in US electoral history.


What a complete mockery of the Founding Fathers' Ideals.
HawkHead
Forum God/Goddess
 
Posts: 768
Joined: Tue Jun 05, 2012 1:29 pm

Re: Macau casino mogul donates $34 million to Romney campaig

Postby kurt_w » Mon Dec 03, 2012 10:35 am

Apparently, Adelson actually spent around $150 million on this election. The motivation was threefold:

(1) He was hoping to stop the Justice Department's investigations of his casino empire. (Most of its profits come from Asian casinos that are facing investigations under the Foreign Corrupt Practices Act).

(2) He really doesn't like unions.

(3) He sees his US campaign donations as a way to promote the interests of right-wing parties and policies in Israel.

Mr Adelson's willingness to spend money on his favored candidates hasn't gone unnoticed. Already, Republican politicians looking towards a 2016 run have begun meeting privately with Mr Adelson.
kurt_w
Forum God/Goddess
 
Posts: 5055
Joined: Tue Jul 22, 2003 3:11 pm

Re: Macau casino mogul donates $34 million to Romney campaig

Postby Prof. Wagstaff » Mon Dec 03, 2012 11:19 am

kurt_w wrote:Mr Adelson's willingness to spend money on his favored candidates hasn't gone unnoticed. Already, Republican politicians looking towards a 2016 run have begun meeting privately with Mr Adelson.
If Adelson agrees to continue funding Republicans, it raises this question: how can anyone with such a vast empire of wealth be so bad at picking investments?
Well, you know what they say, you have to spend money to lose money.
Prof. Wagstaff
Forum God/Goddess
 
Posts: 8830
Joined: Tue Feb 19, 2002 6:35 pm

Re: Macau casino mogul donates $34 million to Romney campaig

Postby kurt_w » Mon Dec 03, 2012 1:21 pm

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.

Let me see if I have this straight. Mr Adelson's business is in trouble because of allegations that (among other things) it engaged in bribery. His response is to offer prominent Congressional Republicans millions of dollars in campaign donations if they'll rewrite the anti-bribery laws for him.

:roll:
kurt_w
Forum God/Goddess
 
Posts: 5055
Joined: Tue Jul 22, 2003 3:11 pm

Re: Macau casino mogul donates $34 million to Romney campaig

Postby acereraser » Mon Dec 03, 2012 2:45 pm

kurt_w wrote:
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.

Let me see if I have this straight. Mr Adelson's business is in trouble because of allegations that (among other things) it engaged in bribery. His response is to offer prominent Congressional Republicans millions of dollars in campaign donations if they'll rewrite the anti-bribery laws for him.

:roll:


It is almost a shame Tom DeLay couldn't hold it together until now. Can he be named honorary oily liason, take a Scrooge McDuck money bag from Adelson, and hand it over to Darrell Issa, with that famous half-drunken smile of yesteryear? It seems like a side-stepped destiny.
acereraser
Forum God/Goddess
 
Posts: 1427
Joined: Mon May 02, 2005 8:42 pm

Re: Macau casino mogul donates $34 million to Romney campaig

Postby Stebben84 » Wed Dec 05, 2012 1:31 pm

I guess he really is a gambling man. Pretty sad that one individual can do this although:

Sheldon Adelson Vows To 'Double' Donations To GOP After Huge 2012 Election Failure
Stebben84
Forum God/Goddess
 
Posts: 4813
Joined: Thu Mar 02, 2006 12:59 pm


Return to National Politics & Government

Who is online

Users browsing this forum: No registered users and 2 guests

moviesmusiceats
Select a Movie
Select a Theater


commentsViewedForum
  ISTHMUS FLICKR

Promotions Contact us Privacy Policy Jobs Newsletters RSS
Collapse Photo Bar