by phil falcone.thing that he has not been able to do for a long time, which is make a killing. he has that heavily on this project in southern vietnam. he has put nearly $500 million into it over the last decade. he is trying to be the person who brings las vegas to vietnam to create something that has never existed in that part of the world, which is a mass-market casino resort. this place is enormous. it looks like something was picked up off the las vegas strip. >> how did he get into it? matt: he was approached by a pair of canadians, investors who had put into this project. they were looking for funding. they found their way to him. he said, sounds interesting. he wrote $25 million. going forward, either sell or bring in others to dilute that state. this was never intended to be a big thing. the harbinger, phil falcone hedge fund, collapsed. because of this scc investigation. it was one of the few assets left in the portfolio. the other was a wireless business. it became a big part of what phil

megan: phil falcone. persons that made billions for calling the subprime housing market before the crisis. he then lost a fortune. he has started a casino in vietnam and has plunged hundreds of millions of dollars. he is running a casino in vietnam, and you cannot legally gamble in the country. a little bit of a conflict there. just a great tale. oliver: we got the details and the narrative from matt campbell. matt it is an enormous that by bet by none other than phil falcone. to really generate something that he has not been able to do for a long time, which is make a killing. he has bet heavily on this project in southern vietnam. he has put nearly $500 million into it over the last decade. he is trying to be the person who brings las vegas to vietnam to create something that has never existed in that part of the world, which is a real mass-market casino resort. this place is enormous. it looks like something was picked up off the las vegas strip. >> how did he get into it? matt: he was approached in 20

then, phil falcone making a new bed on vietnam. -- new bet on vietnam. "bloomberg businessweek." ♪ oliver: we are here with

. ♪ ♪ emily: former hedge fund manager phil falcone was barred by the sec in 2012.is back and putting his money to work. he sits down with bloomberg's betty liu and discusses how private equity stacks up against the hedge fund world. phil: when looking at some of the different investments i've had over the years, the most success i've had is buying things that have taken a long time and you can incubate or help nurture and grow and fix and twist and turn. that is tough to do in the hedge fund model. you can do it in a private equity model, but it's still a little bit different. i think this structure gives us the flexibility that we need and really gives us the opportunity to hopefully never have to sell any of these companies that we control. ofly: now, to the firing anthony levondowski from uber. it is gone and it were a microscope -- under a microscope. how will this case impact the future of alphabet and uber's self driving car efforts? will it spark a talent war for other star engineers? we are joined by brad stone, an author of a book about the founding of ube

then, fallen hedge funder phil falcone is making new bet on vietnam.sinessweek." ♪ oliver: we are here with

then, phil falcone is making new bet on vietnam.ead on "bloomberg businessweek." ♪ oliver: we are here with editor-in-chief megan murphy.

phil films directs have left the project. in a tweet from when product started back in february you can see miller and lloyd in the millennium falconw director soon. there are reports miller and lord were actually fired. the untitled film is still slated for a may of 2018 rel release. >> interesting. >> there was some major -- creative difference. >> major creative differences that went down >> that's the dish. >> thanks, guys. 1,021st time. coming up, kevin sitting down with transformer star josh duhamel. >> as we head to break our summer selfie celebration continues. keep the tweets and instagram posts coming. we'll keep showing them all morning long. great to see everybody getting that are selfie on today. it's 10:22. ♪ ♪♪ countless patients. countless ailments. countless hours. and guess what? you can handle it all. be a leader in your field with a bsn from strayer university. a nursing program created by and for nurses. let's get it, nurses. fios is not cable. we're a 100% fiber optic network. ection, you get am