Billionaire Republican donor Adelson loses libel lawsuit

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Las Vegas Sands Corp Chairman and CEO Adelson testifies on the witness stand in Las VegasBy Jonathan Stempel NEW YORK (Reuters) – Sheldon Adelson, the billionaire casino magnate and prominent Republican donor, has lost a $60 million libel lawsuit in which he claimed a Democratic group spread a false accusation that he had condoned prostitution in his casinos in Macau. At issue was an article published on July 3, 2012 by the National Jewish Democratic Council (NJDC) on its website that sought to dissuade then-presidential candidate Mitt Romney and other Republicans from accepting Adelson’s allegedly “dirty” and “tainted” money. … USA, LLC