Vegas kingpins spur Trump's inaugural committee to fundraising record of $106.7M
April 19, 2017 9:39 AM
by Robert Mann
Contributions from Las Vegas-based casino kingpins helped to spur President Donald Trump’s inaugural committee to a fundraising record of $106.7 million. That’s twice the previous record set by former President Barack Obama’s first inauguration, reports Bloomberg News.
A filing, made public Wednesday by the Federal Election Commission, shows that among the largest donors for the celebration of Trump’s taking office in Washington were casino-owner billionaires Sheldon Adelson, Steve Wynn, and Phil Ruffin.
Adelson, chairman of Las Vegas Sands, gave $5 million. Wynn donated $729,217 through his Wynn Resorts. Phil Ruffin, owner of Treasure Island Hotel & Casino (also known as TI) on the Las Vegas Strip, who is a close friend of President Trump, contributed $1 million.
The inaugural committee said it plans to identify charities that will receive donations from excess money in its account. How much money is remaining was not disclosed.