Sheldon Adelson has been spouting off about the mathematical improbability of Newt Gingrich getting more delegates, which sounds like the casino mogul is ready to stop spending any more on a loser.
Though the bulk of Sheldon Adelson's news appearances of late have involved his giving ridiculous amounts of money to Newt Gingrich's flailing campaign, the multibillionaire is making news today for a $375 million lawsuit involving his casino company.
We know how the super PACs have come to dominate the presidential campaign, but a further digging into financial disclosure numbers shows how just a tiny handful of billionaires are dominating those super PACs.
If Sheldon Adelson is to be believed, expect Newt Gingrich to stay an advertising feature in the race for a long time with up to $100 million in super PAC donations, even though Adelson himself says he doesn't like the influence of rich donors.
Though it seemed like he might be wavering, casino billionaire Sheldon Adelson has decided to let another $10 million ride on Newt Gingrich's flailing bid for president.
Rick Santorum now has to fight two Goliaths -- the well-financed Mitt Romney and the inconceivably loaded Sheldon Adelson, the billionaire backing Newt Gingrich who has decided to take Santorum out.
Newt Gingrich may not be able to win the Republican presidential nomination, but with the help of a wealthy casino magnate with powerful allies around globe, he's going to do everything he can to make sure Mitt Romney doesn't either.
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