Sheldon Adelson to donate another $10 million to Gingrich’s super PAC

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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.

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.