Republican Donor Expected To Shell Out $10 Million To Gingrich super PAC

In a move that could again dramatically shake up the Republican primary race, billionaire and major Republican donor Sheldon Adelson is expected to donate an additional $10 million to the super PAC supporting Newt Gingrich, Winning Our Future, a source with knowledge of the donation told CNN.

That contribution is expected soon, before the end of the month, the source said. The timing is important because Gingirch, whose campaign has been lagging, is hoping to do well in several of the upcoming Super Tuesday states that vote on March 6 to boost his effort. His allies will need that money to be in a position to help. Because ten states go to the polls on that one day, money is key in order to do well.

Adelson, a Nevada casino mogul, and his extended family have already given $11 million to that PAC.

"Adelson is certainly giving Gingrich one more chance. But given Gingrich's poll numbers, Adelson's cash infusion is more about knocking Santorum from the top of the polls than it is about boosting Gingrich's chances. While Adelson supports Gingrich, he is concerned that Santorum could win the nomination over Romney," said Ford O'Connell, a Republican strategist who is not backing any candidate in the primary.

O'Connell worked for Sen. John McCain's 2008 presidential campaign.

Read more from Kevin Bohn at CNN


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published this page in In The News 2012-02-17 10:30:00 -0500
Analysis & Political Strategy