Comedy host Stephen Colbert thrust the term "Super PAC" into America's headlights by mocking the groups known for funding political candidates, so long as they're not "coordinating" with the candidates. Mitt Romney supporters formed a Super PAC that's brought in over $30 million, and Newt Gingrich's Super PAC helped fund the ads that fueled his South Carolina win. So how powerful and effective are Super PACs? Is the one with the most money the key to winning an election? And how will funding from Sheldon Adelson and other Las Vegans turn the tide of the election and the face of Super PACs?
The lobby for the legalization of online poker just got smacked by what could be its greatest opponent: Sheldon Adelson. He has come out against online poker, saying that he doesn't believe the technology is there to protect against underage gamblers.
Two competing groups want to build a mega resort and casino under the Florida sunshine. The Genting Group, which built resorts in London, Singapore and New York is competing with the Las Vegas Sands group and Sheldon Adelson to build thousands of hotel rooms and a casino in downtown Miami.