Billionaire casino mogul Sheldon Adelson cuts off funds to Newt Gingrich campaign
The Adelson family has reportedly given the Newt Gingrich campaign $11 million. $5 million from casino mogul Sheldon Adelson, another $5 million from his wife, and $1 million from his daughter. Now, according to Business Insider, the Adelson family has pulled the plug and closed the cash spigot to Gingrich. That’s the story at least. Business Insider uses the source from Bloomberg that was “anonymous.” So who knows if it’s really true. But judging by Gingrich’s performances in the primary and caucus states this month, I wouldn’t doubt it either.
This also follows rumors that Gingrich’s campaign is $600,000 in debt. Again though, this hasn’t been verified.