Here’s Why Sheldon Adelson Cut Ties With Bannon and Now Supports McConnell

Steve Bannon has been reaching out to rich Republican donors in order to purge the party of establishment types that aren’t in lockstep with the Trump agenda.

In doing so, he has managed to purge one of the GOP’s wealthiest sugar daddies: Sheldon Adelson, the casino king who has funded many a Republican campaign, but who is now refusing to participate in the Bannon power move. Politico reports:

“The Adelsons will not be supporting Steve Bannon’s efforts,” said Andy Abboud, an Adelson spokesman. “They are supporting Mitch McConnell 100 percent. For anyone to infer anything otherwise is wrong.”

The public pronouncement comes about a month after Adelson met with Bannon in Washington…

The former White House chief strategist appeared before the Zionist Organization of America’s annual dinner on Sunday night. ZOA is heavily funded by Adelson.

During the dinner, Bannon described himself as a “Christian Zionist” and lavished praise on the billionaire.

Bannon had been slated to introduce Adelson and his spouse, Miriam, at the event, according to a copy of the program. The Adelsons, however, did not make it to the event, one person close to the couple said — in part because Adelson was concerned that appearing publicly with Bannon would be seen as a tacit endorsement of his efforts.

Sheldon Adelson crushes the perception of an alliance with Steve Bannon

At a time when Bannon is drawing headlines for his anti-incumbent push, several people close to Adelson said they had grown concerned about a perception that he was closely allied with the bombastic former White House aide.

Indeed, Perception is a serious problem when it comes to Steve Bannon. The president was upset with the narrative that Bannon was pulling all the strings behind the scenes, and now Adelson is pledging to put money behind the establishment in opposition to Bannon.

The deepening divisions in the GOP will now each have deep pockets to fund them, which could provide fodder for a united Democratic party in the upcoming midterm elections.

(Photo of Sheldon Adelson, chairman of Las Vegas Sands and Hong Kong-listed subsidiary Sands China taken in June 2010 in Hong Kong by Bectrigger and used with permission.)

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