Billionaire Sheldon Adelson Contributes $5 million to Old Pal, Gingrich

By Nicholas Confessore and Eric Lipton

MANCHESTER, N.H. — For weeks this winter, as Newt Gingrich’s presidential hopes faltered under the weight of millions of dollars in attack ads paid for by backers of Mitt Romney, a small group of Gingrich supporters quietly lobbied for help from one of the richest men in America: Sheldon Adelson, a billionaire casino owner and Mr. Gingrich’s longtime friend and patron.

Mr. Romney’s supporters were also calling, imploring Mr. Adelson to stay out of the race.

By the time Mr. Gingrich limped into New Hampshire, some of his top backers had given up on Mr. Adelson and begun prospecting elsewhere, including among erstwhile supporters of Gov. Rick Perry of Texas, to finance a counterattack.

But on Friday, the cavalry arrived: a $5 million check from Mr. Adelson to Winning Our Future, a “super PAC” that supports Mr. Gingrich.

Read the full story at the New York Times.

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