ATLANTIC CITY, N.J. (AP) _ W. Barron Hilton told state gambling regulators Monday that he and his cash-rich company are ready to consider buying opportunities in this stagnant casino city.

At a hearing before the Casino Control Commission to determine whether Hilton Hotels can receive an operating license, the state Division of Gaming Enforcement said its investigation shows no reason to oppose the request.

The casino commission's few questions during the daylong hearing centered on concerns about how Hilton has handled employees and associates who face charges or accusations of organized crime ties.

The commission rejected a license for Hilton in 1985 when regulators raised questions about Sidney Korshak, a Chicago attorney with reputed links to organized crime who worked for Hilton.

Regulators also were concerned then about reputed mobsters staying at the San Francisco Hilton in the 1970s and perhaps receiving stolen property there. Korshak and the people involved in the San Francisco Hilton are no longer with Hilton, the division said.

The commission said it would rule Wednesday on a license for Hilton New Jersey, a subsidiary of Hilton Hotels, which is based in Beverly Hills, Calif.

Wednesday also is the day that Donald Trump must explain how he plans to get bondholder approval for a restructuring for his troubled Trump Castle casino. Hilton and Trump have steadfastly denied rumors that Hilton will buy back the casino that he sold Trump in 1985 for $320 million.

Hilton's testimony to the commission began with him detailing his father's rise from a small hotel chain in Texas to collapse in the Depression, and subsequent ascent to a worldwide empire of more than 200 hotels. The company has four casino hotels in Nevada and one in Australia.

He said Hilton has achieved success by building conservatively, drawing a sharp contrast with many of the casinos here that are weighed down with debt.

Hilton said the company stands poised to buy properties in Atlantic City, which has suffered through a down market for more than a year.

''Hilton Hotels is positioned to take advantage of opportunities to acquire existing properties,'' Hilton said.

The gaming division, which submitted a 144-page investigative report to the commission, said Hilton meets the standard of financial stability.

Hilton officers testified Monday that the company has $100 million in available cash, with access to $600 million in credit. Consolidated 1990 revenue generated by gaming in Nevada and Australia was $654.6 million, a 20.1 percent increase or $109.6 million higher than 1989, said the division report.

Revenues in the first quarter this year from gaming were $174.1 million, $16.4 million higher or a 10.4 percent increase for the first quarter of 1990.

On the issue of integrity, the report cited instances where Hilton's corporate compliance committee could have improved its reactions.

One example came with a Japanese company called Asahi that owns the Turtle Bay property in Hawaii that Hilton manages.

Two of Asahi's principal officers, Kizu Matsumoto and Yukinori Mori, allegedly had organized crime ties in Japan. Hilton still manages the property because it determined it could not escape its contract.

Asahi also does not involve itself with the property and Hilton has changed the wording of subsequent contracts with other companies to prevent future cases of restricted room to maneuver, Hilton attorneys said.