Sheldon Adelson has spent millions supporting the presidential candidacy of former House Speaker Newt Gingrich, but he admitted Monday that his preferred candidate is “at the end of his line.”
Adelson and his wife Miri have poured over $15 million into the coffers of Winning Our Future, the super PAC supporting Gingrich’s campaign.
The billionaire casino magnate was speaking to a small group at The Venetian, his Las Vegas hotel and casino. The venue played host to the Jewish Federations of North America’s annual TribeFest event, which bills itself as a three-day leadership and networking retreat for Jewish professionals.
Adelson sported a button that read “Obama… Oy Vey” as he stopped by a discussion on the Jewish vote in the 2012 election, according to jewishjournal.com.
Gingrich has insisted that he will remain in the Republican race until the GOP convention in August, despite winning just two states: Georgia and South Carolina.
Earlier this week, Gingrich expressed confidence that he would emerge as the consensus nominee at a brokered convention, in the event that neither Mitt Romney nor Rick Santorum secure enough delegates to win outright. (SEE ALSO: Gingrich fantasizes about pulling off an upset at open convention)