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View Diary: Adelson Spent Much More than Previously Disclosed: $150 Million. Haha Loser (72 comments)

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  •  Meh, he's already made tens of billions (4+ / 0-)
    Recommended by:
    ZappoDave, ericlewis0, a2nite, Lawrence

    from "breaks" given to him by the GOP (most specifically the shenanigans that gave him the rights to operate casinos in Macau).

    So I don't really find anything to laugh about - unless it is how cheaply things come for the Very Rich in this country . . .

    •  Yep (2+ / 0-)
      Recommended by:
      ericlewis0, Roadbed Guy

      To him it's like pizza money.

    •  Actually, a more nuanced view of the situation (2+ / 0-)
      Recommended by:
      ericlewis0, Fulgour

      is that he actually has a big debt to repay to the GOP:

      e.g., from this article: How did Sheldon Adelson get his Macau casino license?

      Apparently by successfully lobbying Tom DeLay to block a House bill that might have derailed Beijing’s Olympic bid (on human-rights grounds).
      The mechanics of the situation were something like Beijing was afraid that their Olympics bid was going to be derailed by GOP machinations in Congress and Sheldon was working for them (i.e., the Chinese) and promised lucrative casino rights in Macau if he could derail the GOP's anti-China posturing in Congress.  Which he did, thus China owed him Big Time (and actually true to their word gave him the lucrative casino rights).

      An unclear matter is exactly what Sheldon had to promise the GOP in return for this - probably some (admittedly paltry) percentage of the aforementioned casino profits . .. .

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