Universal Entertainment falls in Japanese trading by over 11% after the Philippines opens up a...

|By:, SA News Editor

Universal Entertainment falls in Japanese trading by over 11% after the Philippines opens up a bribery probe on the company. The turmoil with Kazuo Okada's company in Asia could also weaken its hand in the U.S. as it continues to battle Wynn Resorts (WYNN +2.1%) over the forced redemption of a 20% block of shares.