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01/08/2012 : Sheldon Adelson has given $5 million to an independent committee supporting GOP presidential aspirant Newt Gingrich.
The billionaire owner of the Las Vegas Sands land gambling group, and opponent of online gambling legalisation in the United States, Sheldon Adelson, has donated $5 million to an independent committee supporting GOP presidential aspirant Newt Gingrich, reports the Washington DC publication Politico.
With 2012 a key presidential election year, it is expected that many such donations will flow from wealthy and influential Americans and companies into the coffers of independent political funding groups known as Super PACs.
The Adelson check was delivered Friday to Winning Our Future, a group run by former Gingrich associates, according to two people close to the donor.
The informant told Politico that the billionaire planned to spend at least another $5 million during the campaign — either to the Gingrich-linked group or to the winner of the Republican nomination for president — and that the initial check was intended to keep Gingrich competitive in the January 21 South Carolina primary.
Official Adelson and Winning Our Future spokesmen declined to comment; legally the Gingrich campaign is not supposed to be notified of such donations because the PAC is an independent entity.
Until the past week, Gingrich had been leading in polls in South Carolina, but the most recent surveys have put former Massachusetts governor Mitt Romney ahead.
Adelson is worth more than $21 billion, according to Forbes magazine, with most of the Las Vegas Sands operating profit flowing from Asia, with casinos in Singapore and Macau, China.
Increasingly, Super PACs have played a crucial role in this election year, Politico reports. Campaign finance specialists have criticised the groups as launching a new flood of secret and unlimited cash. Most of them file reports disclosing donors monthly and some file quarterly. The next reporting deadline for most will be after the primaries in New Hampshire, South Carolina and Florida.

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Gambling News :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

NEW CAMBODIAN GAMBLING LAWS - After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.

Congress To Review US SportsBetting Restrictions - Did the American Gaming Association’s campaign influence the decision to take another look at the 1992 Professional and Amateur Sports Protection Act?

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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