The $10 million contribution, reportedly the largest single giver donation in the history of presidential politics, has revitalized Newt Gingrich’s campaign.
The family of Las Vegas casino magnate Sheldon Adelson is putting its second $5 million cash infusion into a “SuperPAC” supporting former House Speaker Newt Gingrich for the Republican presidential nomination.
Jon Ralston of the Las Vegas Sun, who breaks most political stories in Nevada, reports that $5 million will come from Dr. Miriam Adelson. Sheldon Adelson gave the first $5 million, a $3.4 million chunk of which was spent in the South Carolina primary.
The Adelsons have virtually dealt Gingrich back into the presidential race.
The $5 million donations — largest by a single giver in the history of presidential politics — were made possible by the U.S. Supreme Court’s 2010 corporations-are-people “Citizens United” ruling.
Under campaign rules, the Adelsons could legally give $5,000 to Gingrich, or perhaps hit up friends and “bundle” $100,000 or $200,000 in donations. With the SuperPACs, supposedly independent of the candidate, they can made a thousand-times-greater donation.
The Gingrich SuperPAC is entitled Winning Our Future. Mitt Romney’s SuperPAC has spent weeks advertising for the Jan. 31st Florida primary, where voters are already casting advance ballots.
Winning Our Future has shelled out $354,000 for a TV blitz in the Tampa area.
Sheldon Adelson became friends with Gingrich when he was building the Venetian, and trying (successfully) to keep the culinary workers union from organizing casino workers.