Billionaire Mogul Sheldon Adelson Looks for Mainstream Republican Who Can Win in 2016

Billionaire Mogul Sheldon Adelson Looks for Mainstream Republican Who Can Win in 2016

[The Washington Post]

Sands CEO Sheldon Adelson (AP Photo)
Sands CEO Sheldon Adelson (AP Photo)

Casino magnate Sheldon Adelson, who along with his wife plowed more than $92 million into efforts to help mostly losing candidates in the 2012 elections, is undertaking a new strategy for 2016 — to tap his fortune on behalf of a more mainstream Republican with a clear shot to win the White House, according to people familiar with his thinking.

In 2012, Sheldon and Miriam Adelson spent so much of their money on long-shot candidate Newt Gingrich that they helped extend an ugly intraparty fight that left the eventual nominee, Mitt Romney, severely bruised by the time he faced President Obama in the general election.

This time, the Adelsons are plotting their investments based not on personal loyalty, but on a much more strategic aim: to help select a Republican nominee they believe will have broad appeal to an increasingly diverse national electorate.

The change in attitude comes amid early jockeying by a lengthy list of aspiring Republican presidential contenders to win the affections of the billionaire, who is in the beginning stages of assessing the field.

“The bar for support is going to be much higher,” said Andy Abboud, Adelson’s top political adviser and an executive at the Adelson-run Las Vegas Sands Corp. He added, “There’s going to be a lot more scrutiny.”

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