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.
Tuesday, July 17, 2012 | 2 a.m.
Sun coverage of Sheldon Adelson
- Harry Reid vs. Sheldon Adelson: Who holds the most power? (05-20-2012)
- Sheldon Adelson: ‘Las Vegas is a core asset. I’m never going to sell it.’ (04-26-2012)
- Adelsons may donate $20 million to Newt Gingrich after all (02-19-2012)
- Adelson vs. the Establishment — again (01-18-2012)
- Adelson has gone from campaign contributor to political player (04-27-1999)
- More political news from the Sun
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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