How badly will casino mogul Sheldon Adelson's bribery admission hurt Republicans?

The gambling empire owned by the billionaire donor concedes that it "likely" broke the law by bribing Chinese officials

Sheldon Adelson and his wife, Miriam, leave Mitt Romney's foreign policy speech in Jerusalem on July 29, 2012.
(Image credit: REUTERS/Jason Reed)

For the GOP, 79-year-old casino billionaire Sheldon Adelson is just about the most important donor this side of the Koch brothers, dishing out nearly $100 million to (mostly Republican) candidates during the 2012 elections. So the news that Adelson's Las Vegas Sands Corp. admitted in a regulatory filing that it "likely" violated the U.S. Foreign Corrupt Practices Act by bribing Chinese officials probably won't be greeted with smiles by GOP campaign managers.

Also problematic: This revelation comes amid ongoing probes into the Adelson empire by the SEC, DOJ, and FBI.

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Keith Wagstaff is a staff writer at TheWeek.com covering politics and current events. He has previously written for such publications as TIME, Details, VICE, and the Village Voice.