Billionaire Adelson Backs Trump’s Re-election Bid with Massive Donations to Republican PACs

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Dr. Miriam Adelson, the principal shareholder of Las Vegas Sands, holding a substantial 46% ownership, has generously opened her sizable wealth to lend financial support to her longstanding ally, Donald Trump, as he contests for another presidential term.

Dr. Adelson, a significant political figure, has been an unwavering supporter of Republican candidates, following in the footsteps of her late husband, Sheldon Adelson. The esteemed couple has been notable for their significant contributions to the Grand Old Party. The recent information from the Federal Election Commission serves as confirmation to earlier speculations from May that Dr. Adelson, alongside her deceased husband’s legacy, would once again financially stand behind the 45th US president.

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Moreover, the magnanimous philanthropist pledged to fund Preserve America, a right-wing super Political Action Committee(PAC) that benefited greatly from her late husband’s monetary contributions during the 2020 election. In addition to Preserve America, records suggest that Dr. Adelson launched her financial support to an assortment of Republican PACs.

She made her first substantial donation on May 3, channeling $413,000, divided into four separate contributions to the Republican National Committee (RNC). This significant amount was allocated for the RNC’s Trump 47 Committee, under her professional title, Director of Community Involvement, at Las Vegas Sands.

On the same day, Dr. Adelson, who boasts a net worth of nearly $28.8 billion, according to Forbes, made another three sizable contributions to the National Republican Senatorial Committee (NRSC). The committee’s primary mission is to regain control of the upper legislative chamber of Congress. The funds of $289,100 were reserved for goals of the Pete Ricketts Victory Fund.

Jr Senator from Nebraska, Pete Ricketts, facing a challenging special election against Democratic candidate, Preston Love, Jr., coincidentally shares Adelson’s strong advocacy for the US-Israel alliance. Meanwhile, the National Republican Congressional Committee (NRSC) received an equal contribution of $289,100. It’s speculated that these funds can be freely dispersed as per the committee’s prerogative since they were designed for the committee’s “Legal Proceedings Account” and “Headquarters Account.”

For the NRCC contributions, Adelson listed herself under her primary occupation, a physician at the Adelson Clinic. Trump’s supporters from the casino industry have demonstrated similar generosity, injecting sizable amounts of cash into his November campaign.

Notable moguls such as Phil Ruffin, the owner of Treasure Island, and Circus Circus, group gave $814,600 to the Trump 47 Committee, Inc in March. Next up is Golden Nugget billionaire Tilman Fertitta who generously wrote a check for $206,500 to the RNC in April.

Moreover, Stephen Schwarzman, the owner of private equity firm Blackstone, which manages several high-end properties in Las Vegas and Crown Resorts in Australia, announced in May his intent to support Trump in this year’s election.

Various bookmakers from UK, where political betting is legal, have set the odds high for Trump at -175 for the forthcoming presidential race. For those placing bets, a prospective $100 bet on Trump would yield $157.14 if he attains victory.

In comparison, Joe Biden is the underdog at +350, offering a return of $450 for a winning bet of $100. Following him is California’s Governor, Gavin Newsom, regarded as Biden’s potential replacement, sitting at +1400 odds.