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"Casino magnate Sheldon Adelson, who along with his wife plowed more than $92 million into efforts to help mostly losing candidates in the 2012 elections, is undertaking a new strategy for 2016 to tap his fortune on behalf of a more mainstream Republican with a clear shot at winning the White House, according to people familiar with his thinking.
In 2012, Sheldon and Miriam Adelson spent so much of their money on long-shot candidate Newt Gingrich that they helped extend an ugly intraparty fight that left the eventual nominee, Mitt Romney, severely bruised by the time he faced President Obama in the general election."
Read more: http://www.washingtonpost.com/politics/billionaire-mogul-sheldon-adelson-looks-for-mainstream-republican-who-can-win-in-2016/2014/03/25/e2f47bb0-b3c2-11e3-8cb6-284052554d74_story.html
dotymed
(5,610 posts)believe what "our democracy" has come to? Fucking disgusting...
tclambert
(11,085 posts)Well, 5 of them voted that way. And they're really smart. They went to law school and everything.
JDPriestly
(57,936 posts)coming from?
Adelson has a lot of ties to Chinese and Macao interests. How much of his money is won from foreign interests.
I remind everyone that while I have no knowledge or evidence that Adelson is anything other than an honest, upright citizen and businessman, I always wonder what is going on. Casino wins and losses would be an easy way to clean up money, hide the true source, etc.
Adelson is a real question mark for me. Where does his money really come from? Who is winning and losing in his casinos?
Leith
(7,808 posts)Adelson owns the Sands Corporation, which is the Venetian Casino Resort and the Convention Center. Both are huuuuge enterprises. He also has about a 69% stock ownership in the Sands Macau. He has been accused of corruption and dirty dealings, and he threatens to sue until the accuser takes it all back and apologizes (all this is from Wikipedia so don't sue me, Shel-Don).
Buying politicians is pretty bad. The only comfort I can find in it is how bad he is at it. Who the hell gives $15 million to New Gingrich and expects that loudmouth ignoramus to win an election?
JDPriestly
(57,936 posts)Why did the mob go into the casino business? Because it is easy to hide illegitimate profits in casino revenue. Very easy.
I'm not accusing Adelson or anyone else, but just like the stock market, it is very easy to fake transactions in the casino business. Very easy to hide kick-backs or pay-offs as customer losses to the casino.
I strongly mistrust campaign contributions from Wall Street, investment banks, hedge funds and casinos.