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Puppetmasters: Sheldon Adelson’s Massive Political Influence

<p class&equals;"MsoNormal" style&equals;"text-align&colon; left&semi;" align&equals;"center">Sheldon Adelson&comma; a billionaire casino owner&comma; has spent millions in support of political campaigns&period; &nbsp&semi;<&sol;p>&NewLine;<p class&equals;"MsoNormal">As a college dropout&comma; the 83-year-old conservative is the chairman and CEO of the largest casino company in the U&period;S&period;&comma; Las Vegas Sands&period; Adelson grew up in a low-income family in a neighborhood of Boston&period; He started his first business at 12&comma; where he started selling newspapers&period; Over his career&comma; he has started almost 50 businesses and today&comma; he is in the top 20 of the wealthiest people in the world&period; &nbsp&semi;<&sol;p>&NewLine;<p class&equals;"MsoNormal">Although he is a lifelong donor and philanthropist&comma; he is often criticized for using his billions to make an impact in the political sphere&period; &nbsp&semi;<&sol;p>&NewLine;<p class&equals;"MsoNormal">Adelson spent an estimated &dollar;150 million in political efforts against Obama and to help get the GOP control of Congress&period; He also donated &dollar;25 million in support of President Donald Trump&comma; even though he originally pledged to donate &dollar;100 million&period;<span style&equals;"mso-spacerun&colon; yes&semi;">&nbsp&semi;<&sol;span><&sol;p>&NewLine;<p class&equals;"MsoNormal">&ldquo&semi;Adelson has used his fortune to reshape right-wing politics in both America and Israel&comma; establishing himself as a GOP kingmaker in the post-Citizens United&nbsp&semi;era&period; In December&comma; he backed a&nbsp&semi;secretive &dollar;140 million purchase of the&nbsp&semi;Review-Journal&comma; putting Nevada&rsquo&semi;s largest paper in the hands of its&nbsp&semi;<a href&equals;"http&colon;&sol;&sol;lasvegassun&period;com&sol;news&sol;2014&sol;sep&sol;30&sol;5-nevadans-forbes-list-nations-richest&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener"><span style&equals;"color&colon; windowtext&semi; text-decoration&colon; none&semi; text-underline&colon; none&semi;">richest resident<&sol;span><&sol;a>&nbsp&semi;and a fixture of its biggest industry&comma; and increasing his influence on Nevada&rsquo&semi;s early presidential caucuses&comma;&rdquo&semi; writes <em style&equals;"mso-bidi-font-style&colon; normal&semi;">Mother Jones&period;<&sol;em><&sol;p>&NewLine;<p class&equals;"MsoNormal">He has used his influence in the political world to lead a campaign against internet gaming&period;<&sol;p>&NewLine;<p class&equals;"MsoNormal">&&num;8220&semi;I am in favor of gambling&comma;&&num;8221&semi; said Adelson&period; &&num;8220&semi;But I am not in favor of exploiting the world&&num;8217&semi;s most vulnerable people&period;&&num;8221&semi;<&sol;p>&NewLine;<p class&equals;"MsoNormal">With the help of Republicans Rick Scott of Florida and Rick Perry of Texas&comma; both who have received donations from Adelson&comma; he made the case that having casinos on cellphones is dangerous and all online gaming should be banned&period; Several argue that his intentions&comma; in this case in particular&comma; were self-serving&period;<&sol;p>&NewLine;<p class&equals;"MsoNormal">Adelson has also been amidst another controversy in the last few years&period; <span style&equals;"mso-spacerun&colon; yes&semi;">&nbsp&semi;<&sol;span><&sol;p>&NewLine;<p class&equals;"MsoNormal">&ldquo&semi;Las Vegas Sands paid a combined &dollar;16 million in 2016 and 2017 to settle charges that it violated the Foreign Corrupt Practices Act&period; According to the Department of Justice&comma; the company &ldquo&semi;willfully failed&nbsp&semi;to implement internal accounting controls&rdquo&semi; to ensure the legitimacy of payments to a consultant who helped drum up business in China and Macau&comma;&rdquo&semi; writes <em style&equals;"mso-bidi-font-style&colon; normal&semi;">Forbes&period;<&sol;em><&sol;p>&NewLine;<p class&equals;"MsoNormal">But Adelson has made back the &dollar;16 million and then some&period; In June&comma; his net worth spiked by &dollar;1&period;7 billion to &dollar;34&period;9 billion after the shares of Las Vegas Sands rose 7&percnt;&period; He owns over 50&percnt; of the Las Vegas Sands&rsquo&semi; shares&period; This comes shortly after he invested &dollar;10 billion to build a series of casinos in Macau&comma; China&period; &nbsp&semi;<&sol;p>&NewLine;<p class&equals;"MsoNormal">This means he has even more disposable income to contribute to different political campaigns&period;<&sol;p>&NewLine;<p class&equals;"MsoNormal"><strong>Author&rsquo&semi;s note&colon;<&sol;strong> Adelson has almost as much influence as he does money&period; Whether his intentions are good or self-serving&comma; he has a tremendous amount of political power&period; That much power in the hands of a single person can be corruptive&period;<&sol;p>&NewLine;<p class&equals;"MsoNormal"><strong>Editor&&num;8217&semi;s note&colon;<&sol;strong> Once in my Agency days&comma; an analyst said that in any country&comma; about 50 people wield all of the power&period; I asked him who those were in the U&period;S&period; and he quickly stuttered and stammered that it was not the case in the U&period;S&period; &nbsp&semi;Gives you some pause&comma; doesn&&num;8217&semi;t it&quest; &nbsp&semi;The Puppetmasters series is our attempt to let our readers know who wields power&period; Perhaps there are more than 50&comma; but the power is certainly wielded&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;

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