Billionaire Sheldon Adelson planning to spend $20-50 million supporting Trump: report

Billionaire Sheldon Adelson planning to spend $20-50 million supporting Trump: report
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Billionaire casino magnate and Republican mega-donor Sheldon Adelson is reportedly planning to spend $20 million to $50 million to support President Trump's reelection bid.

CNBC on Wednesday cited sources saying Adelson is looking to give the Trump campaign a boost with just under 50 days left until the Nov. 3 election.

A majority of the funding will reportedly go toward Preserve America, the new pro-Trump super PAC, while other recipients may include the Trump campaign, the Republican National Committee and other groups helping congressional Republicans.

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The Hill has reached out to representatives for Adelson for comment.

The report follows a New York Times report that Trump called out Adelson for not being a more generous help towards his reelection campaign.

According to data from the Center for Responsive Politics, Adelson and his wife contributed more than $82 million to mostly Republican causes four years ago. They have given just over $27 million this election cycle.

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