Market pressures could thin Atlantic City’s herd of 11 gambling halls

Market could thin the herd of 11 AC casinos

ATLANTIC CITY, N.J. — Analysts have said for years that 11 casinos are too many for Atlantic City, and new quarterly tax documents show just what survival of the fittest could look like in the nation’s second-largest casino market.

Five gambling halls are for sale, along with a half-interest in a sixth, and three of them could close if things don’t improve.

The Atlantic City Hilton hasn’t paid its mortgage in nearly a year, and it lost more than $8 million in January through March.

Resorts Atlantic City, the oldest commercial casino in the country outside Nevada, last winter handed itself over to its lender, which is trying to sell it. And the asking price for Trump Marina keeps falling.