Report: Adelson Spent $150 Million on Failed Election Campaigns

Casino magnate Sheldon Adelson has reportedly spent more money on his failed effort to defeat President Obama’s re-election than previously disclosed. While Adelson had once vowed to spend up to $100 million of his fortune to defeat Obama and win Republican control of Congress, two Republican fundraisers have told the Huffington Post that Adelson actually spent some $150 million. In addition to Mitt Romney, none of Adelson’s other favored candidates won their election races.

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