Gingrich to get another $10 million from casino backer – sources

[CBSNews.com]

POLITICAL HOTSHEET

February 17, 2012

By: Laura Strickler

[Sheldon Adelson, left, and Newt Gingrich, right]

UPDATED 11:38 a.m. ET — H/T DrudgeReport.com

Former House Speaker Newt Gingrich’s faltering campaign is about to get another shot in the arm, CBS News has learned.

Billionaire casino magnate Sheldon Adelson plans to give another $10 million to the outside group backing the former Georgia lawmaker who is running behind former Massachusetts Gov. Mitt Romney and former Pennsylvania Sen. Rick Santorum in the race for the Republican presidential nomination, a source close to Adelson told CBS News.

Adleson and his family have already given $11 million to “Winning our Future,” the super PAC backing Gingrich. The group, which bombarded the airwaves in South Carolina last month ahead of the primary there, is largely credited with helping Gingrich win in the Palmetto state.

The latest $10 million cash injection would raise the Adelson family’s contribution to $21 million, and a different source close to Adelson said he is prepared to drop another $4 million for a total of $25 million. The Huffington Post calculated that the billionaire casino owner earns about $3.3 million an hour.

(more…)

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