13 January 2012

US Politics via Singapore

Former House Speaker and Georgia congressman Newt Gingrich. Image via NewsOne.
For anyone who didn't believe the 2012 presidential election in the United States was charging full steam ahead in 2011, votes are now underway in the Republican presidential primary. The next round of voting happens in South Carolina on 21 January, and big money is being spent on behalf of candidates jockeying for the nomination. Some of it comes from Singapore.


The casino magnate Sheldon Adelson, CEO of Las Vegas Sands, the company behind the Marina Bay Sands "integrated resort" in Singapore, has put $5 million (£3.26m) of support behind Newt Gingrich, the former Speaker of the House of Representatives. The billionaire's company faced dire economic times in 2008, but the company's gambling ventures here and elsewhere in Asia have proven massively profitable.

Adelson has been transparently active in both American and Israeli politics for several years, and he undoubtedly will not cap his political spending at just $5 million this year.

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