Adelson plows $30 million of his $670 million tax windfall back into keeping Congress in GOP hands

The handouts go both ways between Sheldon Adelson and the GOP.

Casino mogul and Republican mega-donor Sheldon Adelson quickly gifted $30 million last week to the GOP PAC the Congressional Leadership Fund after a plea from short timer Paul Ryan. Politico writes:

The long-sought donation was sealed last week when, according to two senior Republicans, House Speaker Paul Ryan flew to Las Vegas to meet with the billionaire at his Venetian Hotel. [...] They laid out a case to Adelson about how crucial it is to protect the House.

As a federally elected official, Ryan is not permitted to solicit seven-figure political donations. When Ryan (R-Wis.) left the room, Coleman made the ask and secured the $30 million contribution.

Of course, Ryan made the pitch and then scrammed so his colleagues could "legally" seal the deal. 

But there's likely more where that came from. Adelson's Las Vegas Sands Corporation got a $670 million windfall in the first quarter of 2018 due to the GOP's tax giveaway to the rich. The Business Times writes:

LAS Vegas Sands Corp, the world's largest casino company, said first-quarter sales and profit rose to new records in all its three markets, with results in Singapore soaring.

Sands reported net income shot up 179.1 percent to US $1.62 billion in the first quarter of 2018, compared to US $579 million in the year-ago period, inclusive of a US $670 million non-cash income tax benefit.

Revenue for the three months to March 31 grew 16.7 per cent to US $3.58 billion, exceeding projections of US$3.36 billion.

So yeah, come back to the trough anytime, Pauly boy, there's plenty to go around now thanks to you.