Credit debt watcher Fitch Ratings warned that at least least four Atlantic City casinos could be forced to shut its operations if new casinos are built in the northern New Jersey.

The warning of Fitch came just a week after Resorts Casino Hotel president Mark Giannantonio made a bleak forecast for casinos in Atlantic City should voters approve the construction of two megaresorts –Projected to rival the casinos in New York – in November.

In its report, Fitch identified the Trump Taj Mahal, Resorts and the Golden Nugget as the most vulnerable casinos that would likely to cease operations if the northern New Jersey casino project pushes through. Bally’s AC, according to Fitch, could also face an uncertain future.

The credit debt watcher noted that Golden Nugget’s operating income before management fees will be wiped out should its gambling revenue drop 25 percent. Fitch also said that Taj Mahal couldn’t afford a 10 percent decline in its revenue or else it would be forced to cease its operations, while a decline of 20 percent would imperil Resorts Casino Hotel.