Billionaire Sheldon Adelson is expected to donate an additional $10 million to the super PAC supporting Newt Gingrich, a source with knowledge of the donation told CNN.
“That contribution is expected soon, before the end of the month, the source said. The timing is important because Gingirch, whose campaign has been lagging, is hoping to do well in several of the upcoming Super Tuesday states that vote on March 6 to boost his effort. His allies will need that money to be in a position to help. Because ten states go to the polls on that one day, money is key in order to do well.”
Interestingly, Adelson denied to Politico last year that he was looking to give a total of $20 million but that’s what his total will be with this latest contribution.