Billionaire casino magnate Sheldon Adelson, who has been the primary source of funding for Winning Our Future, the super-PAC supporting Newt Gingrich, says the candidate is “at the end of his line."
“It appears as though he’s at the end of his — at the end of his line,” Adelson told a Jewish leadership conference in Las Vegas on Wednesday, according to a report in the Jewish Journal. “ 'Cause, I mean, mathematically, he can’t get anywhere near the numbers, and there’s not — unlikely there’ll be a brokered convention.”
Adelson and his family have donated more than $16 million to the Gingrich super-PAC to date, according to documents filed with the Federal Election Commission, with the most recent contribution of $5.5 million coming in late February.
At the time, many speculated that it was the last cash the super-PAC would see from its largest donor, and Wednesday’s comments, coupled with Gingrich’s sinking campaign, bolster that view.
Other comments made by Adelson, though, make it seem unlikely that he’ll use his wealth to back any of the other candidates, at least for now. Adelson said of Rick Santorum, “I don’t want him running my country,” and said that Mitt Romney is “not the bold decisionmaker like Newt Gingrich is.”
Gingrich trails badly in the polls, and has only won two primaries — in South Carolina and his home state of Georgia. The former House Speaker staked his campaign on a “Southern strategy,” but finished second to Santorum in Mississippi and Alabama earlier this month.
On Wednesday, the Gingrich campaign told The Hill that it would be reducing its campaign schedule and laying off a third of its staff to try and stay afloat until the GOP convention in Tampa, Fla., in August.
Gingrich said this week that his primary obstacle to making it to the convention was money. While Gingrich’s super-PAC has been well-funded by Adelson, the campaign raised only $2.5 million in February, the least of the four remaining GOP candidates, while spending $2.8 million, leaving it $1.5 million in debt.