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| Sheldon Adelson Focuses on Congressional Races, Despite Donald Trump’s Pleas | |
| (35 minutes later) | |
| The Las Vegas billionaire Sheldon G. Adelson is shifting tens of millions of dollars into groups backing congressional Republicans despite months of entreaties from allies of Donald J. Trump, according to several Republicans with knowledge of Mr. Adelson’s giving, dealing a major setback to Mr. Trump’s efforts to rally deep-pocketed Republican givers. | The Las Vegas billionaire Sheldon G. Adelson is shifting tens of millions of dollars into groups backing congressional Republicans despite months of entreaties from allies of Donald J. Trump, according to several Republicans with knowledge of Mr. Adelson’s giving, dealing a major setback to Mr. Trump’s efforts to rally deep-pocketed Republican givers. |
| Mr. Adelson had once dangled the possibility of giving as much as $100 million to pro-Trump “super PACs,” an infusion that with a stroke would have given Mr. Trump a financially competitive network of outside groups to back his presidential campaign. | Mr. Adelson had once dangled the possibility of giving as much as $100 million to pro-Trump “super PACs,” an infusion that with a stroke would have given Mr. Trump a financially competitive network of outside groups to back his presidential campaign. |
| But with less than two months remaining in the campaign, the mercurial casino magnate — who entertained but ultimately rebuffed pitches from an array of Republican candidates during the party’s nominating contest this election cycle — appears to be focusing instead on Republicans in the House and Senate. | But with less than two months remaining in the campaign, the mercurial casino magnate — who entertained but ultimately rebuffed pitches from an array of Republican candidates during the party’s nominating contest this election cycle — appears to be focusing instead on Republicans in the House and Senate. |
| Republicans briefed on his giving said Mr. Adelson had committed $20 million each to two super PACs backing Senate and House Republicans, contributions that would again make Mr. Adelson the single largest known donor to political organizations in the country. CNN, which first reported the $40 million in contributions on Tuesday night, also said that Mr. Adelson had allocated only $5 million to supporting Mr. Trump. | Republicans briefed on his giving said Mr. Adelson had committed $20 million each to two super PACs backing Senate and House Republicans, contributions that would again make Mr. Adelson the single largest known donor to political organizations in the country. CNN, which first reported the $40 million in contributions on Tuesday night, also said that Mr. Adelson had allocated only $5 million to supporting Mr. Trump. |
| A Republican with knowledge of the decision confirmed that $5 million in Adelson cash would be directed to organizations run by a fellow politically active billionaire, Joe Ricketts, rather than to two newer super PACs controlled by allies of Mr. Trump. | A Republican with knowledge of the decision confirmed that $5 million in Adelson cash would be directed to organizations run by a fellow politically active billionaire, Joe Ricketts, rather than to two newer super PACs controlled by allies of Mr. Trump. |
| But it remains unclear exactly how the $5 million in support of Mr. Trump would be spent. During the Republican primary, the Ricketts family spent millions of dollars opposing Mr. Trump, who in return, in February, posted on Twitter that the family “better be careful, they have a lot to hide!” | But it remains unclear exactly how the $5 million in support of Mr. Trump would be spent. During the Republican primary, the Ricketts family spent millions of dollars opposing Mr. Trump, who in return, in February, posted on Twitter that the family “better be careful, they have a lot to hide!” |
| Mr. Adelson, whose fortune is currently estimated at almost $32 billion, could easily afford to spend more for Mr. Trump in the weeks ahead. But he is rapidly running out of time to make an impact on the race, and even his contributions to Republican congressional efforts are coming late in the game, when the price of advertising is climbing drastically and there are fewer undecided voters to persuade. | Mr. Adelson, whose fortune is currently estimated at almost $32 billion, could easily afford to spend more for Mr. Trump in the weeks ahead. But he is rapidly running out of time to make an impact on the race, and even his contributions to Republican congressional efforts are coming late in the game, when the price of advertising is climbing drastically and there are fewer undecided voters to persuade. |
| The new spending only cements Mr. Adelson’s reputation as both the most sought-after and most unpredictable donor in Republican politics. During the 2012 campaign, Mr. Adelson put $20 million behind the long-shot campaign of Newt Gingrich, a longtime friend, before backing the consensus establishment candidate, Mitt Romney. He went on to spend almost $100 million in disclosed contributions during that campaign, only to see most of his favored candidates defeated. | The new spending only cements Mr. Adelson’s reputation as both the most sought-after and most unpredictable donor in Republican politics. During the 2012 campaign, Mr. Adelson put $20 million behind the long-shot campaign of Newt Gingrich, a longtime friend, before backing the consensus establishment candidate, Mitt Romney. He went on to spend almost $100 million in disclosed contributions during that campaign, only to see most of his favored candidates defeated. |
| This past year, Mr. Adelson was frequently reported to be close to backing a favored Republican candidate in the primary fight, but ultimately stayed on the sideline. This cycle, Mr. Adelson was said to be leaning toward backing Senator Marco Rubio of Florida, while his wife, Miriam, preferred Senator Ted Cruz of Texas. | This past year, Mr. Adelson was frequently reported to be close to backing a favored Republican candidate in the primary fight, but ultimately stayed on the sideline. This cycle, Mr. Adelson was said to be leaning toward backing Senator Marco Rubio of Florida, while his wife, Miriam, preferred Senator Ted Cruz of Texas. |
| Feeling burned by the intense attention to his giving in 2012, Mr. Adelson was said to be ready to swear off super PACs, which must publicly disclose their contributions, in favor of political nonprofit groups, which can spend some money on campaign advertising and are permitted to keep their donors secret. But his new donations represent yet another turnaround: The groups in question, which include two super PACs called the Senate Leadership Fund and the Congressional Leadership Fund, do disclose their donors. | Feeling burned by the intense attention to his giving in 2012, Mr. Adelson was said to be ready to swear off super PACs, which must publicly disclose their contributions, in favor of political nonprofit groups, which can spend some money on campaign advertising and are permitted to keep their donors secret. But his new donations represent yet another turnaround: The groups in question, which include two super PACs called the Senate Leadership Fund and the Congressional Leadership Fund, do disclose their donors. |