Melco Crown Profit Falls 22% on Macau Slump

Melco Crown Entertainment, which last week opened the $3.2 billion Studio City casino resort in Macau, reported third-quarter profit fell 22 percent as China’s economic slowdown and its anti-corruption crackdown caused a slump in the world’s largest gambling hub. Bloomberg Intelligence's Tim Craighead has more on "Trending Business." (Source: Bloomberg)

Full Show: Surveillance (08/14)
17:10 - Bloomberg Surveillance hosted by Tom Keene and Francine Lacqua. Guests include Reinhard Cluse, chief European economist at UBS, University of Alabama Professor Joshua Rothman, and George Goncalves, head of fixed-income strategy at Nomura Securities International Inc. (Source: Bloomberg)
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