Las Vegas Sun

November 25, 2015

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Adelson pocketbook bolstering super PAC backed by Cantor


Christopher DeVargas

Las Vegas Sands CEO and Chairman Sheldon Adelson makes a few remarks after receiving the Hospitality Industry Leader of the Year award at the eighth-annual Vallen Dinner of Distinction, April 26, 2012.

GOP megadonor Sheldon Adelson and his wife, Miriam, poured $5 million into a super PAC backed by House Majority Leader Eric Cantor, according to reports released late Sunday.

The cash influx marks a major boost for the YG Action Fund, which was started last year by former Cantor aides to assist House Republican candidates. The super PAC reported raising $5.3 million between April and June of this year, compared with the meager $55,000 it pulled in during the first quarter.

The Adelsons — who have funneled millions of dollars into super PACs backing GOP presidential candidates — have helped jump-start congressionally focused super PACs in recent months. In February, the couple gave a combined $5 million into the Congressional Leadership Fund, a separate group backed by Cantor, Speaker John Boehner and other top House Republicans.

The YG Action Fund spent nearly $460,000 in the second quarter on ads to boost North Carolina congressional candidate Richard Hudson, who will face off in a primary next week against Club for Growth-backed candidate Scott Keadle, according to the campaign finance report.

Thanks in large part to the Adelsons, the Cantor-backed group kicked off July with $4.7 million in the bank to buoy GOP candidates.

The Congressional Leadership Fund landed another big donor last quarter when Texas real estate magnate Bob Perry gave $1 million to the group.

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