Tags: adelsons | romney | super | pac

Adelson Gives $10 Million to Pro-Romney Super-PAC

Thursday, 25 Oct 2012 08:30 PM

 

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Casino executive Sheldon Adelson and his wife Miriam each contributed $5 million this month to the super-political action committee supporting Republican presidential nominee Mitt Romney, according to a U.S. Federal Election Commission filing today.

The Adelsons’ combined donation of $10 million brought to $20 million the amount that the chairman and chief executive officer of the Las Vegas Sands Corp. and his wife have given to the pro-Romney Restore Our Future super-PAC. They were the largest contributions received by the committee from Oct. 1-17, the final campaign finance report released before the Nov. 6 election shows.

Four donors gave $1 million apiece: Jerry Perenchio, a former chairman of New York-based Univision Communications Inc.; Julian Robertson, chief executive officer of the New York-based hedge fund Tiger Management LLC; Harold Simmons, chairman of Dallas-based Contran Corp., bringing his total to $2.3 million; and Maryland real estate developer Edward St. John.

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The super-PAC received $20.2 million this month, bringing its total to $131.7 million, and spent $12 million on ads during the first 17 days of October. It reported $24.2 million in the bank as of Oct. 17.

Restore Our Future announced on Oct. 23 that it would spend $17.7 million on ads in 10 swing states -- Colorado, Florida, Iowa, Michigan, Nevada, New Hampshire, North Carolina, Ohio, Virginia and Wisconsin -- where political analysts of both parties say the presidential race will be decided. More than half the money -- $9.9 million -- will be spent in Florida, Ohio and Virginia, the group said.

“This presidential election will be determined by those Americans who are demanding better than a high unemployment rate, a crushing national debt and falling incomes,” said Charlie Spies, treasurer of Restore Our Future.


© Copyright 2014 Bloomberg News. All rights reserved.

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