"New places came to Atlantic City like the Borgata and revolutionized the market," said Joel H. Simkins, a casino analyst with the Prudential Equity Group.

"It's definitely dilutive," said Marvin Roffman, a casino analyst at Roffman Miller & Associates in Philadelphia, of the transaction.

Jason Ader, a casino analyst at Bear, Stearns, has predicted that a Monticello casino could slow expansion and development in Atlantic City.

He is really giving up total control here for a serious infusion of cash," said Marvin Roffman, a casino analyst who has had a long history of heated disputes with Mr. Trump.

The plans indicated that for now, ITT is more interested in building a casino than buying one, Jason Ader, a casino analyst at Bear Stearns & Company, said.

"My crystal ball is very rosy," said Marvin B. Roffman, casino analyst for Janney Montgomery Scott Inc., investment bankers in Philadelphia.

"Everybody is getting hurt right now," said Raymond Neidl, a casino analyst with Dillon, Read & Company.

"Showboat was first in slots by a long shot," said Saul F. Leonard, a casino analyst and national partner in the accounting firm of Laventhol & Horwath.

I would have said no way," said Jason Ader, a casino analyst for Bear, Stearns.

"The market is not growing enough to accommodate Showboat," a casino analyst for Drexel Burnham Lambert, Dan R. Lee, said.