$/€ Trump’s Trade Wars Drive Down U.S. Gambling Stocks
Kate Marshal
13 March 2025
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Pictured: Donald Trump
Shares of major U.S. gambling companies took a hit following recent comments from Donald Trump, who hinted at the possibility of slower economic growth this year, according to Next.io.
In a Fox News interview, the former U.S. president declined to rule out the risk of a recession, citing the impact of his tariffs on imports from China, Canada, and Mexico. Trump framed the trade measures as a way to “bring wealth back to America,” but acknowledged that the process “will take some time.” How long remains unclear.
Uncertainty surrounding U.S. trade policies sent shockwaves through the stock market, and the gaming sector was no exception.
Shares of Penn Entertainment and Flutter Entertainment dropped 9.46% and 8.36%, respectively.
Bookmaker DraftKings slid 5.5%, while casino and entertainment giant Caesars Entertainment fell 4.78%. The downturn also extended to European gaming stocks, with Entain seeing its shares plunge 11%.
Beyond the gambling industry, Trump’s latest remarks rattled other sectors as well, with financial services, tech, consumer goods, and telecommunications stocks among the hardest hit.
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