Sheldon Adelson Vows To 'Double' Donations To GOP After Huge 2012 Election Failure

Sheldon Adelson Vows To Literally Double Down On GOP

Casino mogul Sheldon Adelson spent nearly $150 million on Republicans during the 2012 elections, almost entirely in support of candidates who did not win. But his cold streak hasn't left him at all discouraged, he told the Wall Street Journal in a recent interview.

"I happen to be in a unique business where winning and losing is the basis of the entire business," Adelson told the Journal. "So I don't cry when I lose. There's always a new hand coming up."

In fact, Adelson, whose personal wealth is estimated at $20.5 billion, says he's ready to literally double down on the GOP when those new cards are dealt.

According to the Journal's report:

Mr. Adelson's 2012 donations were double what he spent in 2008, and looking ahead, he said, he was ready to again "double" his donations.

"I'll spend that much and more," he said in his first extensive postelection interview. "Let's cut any ambiguity."

The GOP's up-and-comers have already begun to position themselves for a share of the billionaire's largess. Politico reported this week that a number of GOP governors thought to be gearing up for potential 2016 presidential bids recently stopped by Adelson's Venetian Hotel in Las Vegas to kiss the ring.

Questions about Adelson's support for the GOP have grown over the past year, particularly after he admitted to Politico that his opposition to President Barack Obama, and therefore his massive spending in support of former GOP presidential nominee Mitt Romney, had roots in his concern over two ongoing federal criminal investigations into his casino empire.

And Adelson's status as a top Republican donor may raise more eyebrows after his interview with the Journal, in which he claimed that he's "basically a social liberal" who supports abortion rights and the Dream Act.

Read the Wall Street Journal's entire interview with Adelson here (behind paywall). Or click here to read the Journal's summary of Adelson's comments about his liberal social views.

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