Billionaire Sheldon Adelson gives $30 million to help save House Republican majority – and could give more this year

Billionaire casino magnate Sheldon Adelson has given $30 million to a super PAC pushing to protect the House majority, and is leaving the door open to putting millions more toward the Republican midterm effort this year, a source with direct knowledge told CNBC.

The cash influx to the GOP-linked Congressional Leadership Fund gives Republicans a massive boost in resources as they try to fight off Democrats set on flipping the House in November. Democrats, emboldened by party enthusiasm and opposition to congressional GOP policies, aim to flip 23 GOP-held seats to take a House majority.

Politico first reported Adelson’s donation.

Adelson, the Las Vegas Sands chief executive and a major donor to GOP causes, gave the organization $10 million in the later stages of the 2016 election cycle. This year, he got involved earlier as Republicans try to hold off energized Democrats.

Last week, a group including House Speaker Paul Ryan met with Adelson and his wife, Miriam, in Las Vegas, Politico reported and CNBC confirmed. Those gathered sold the casino executive on the importance of the 2018 midterms.

Ryan, who cannot legally push for donations that large, left the room before a deal on the massive contribution was reached. Adelson likely will not give more money to the Congressional Leadership Fund, specifically, during this election cycle, the source told CNBC.

Spokespeople for Adelson and Ryan’s political team declined to comment. A Congressional Leadership Fund spokesman did not immediately respond to a request to comment.

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