Casino authority auctions off 92 properties in Atlantic City

MarketsAssociated Press

A New Jersey casino authority has auctioned off nearly 100 excess properties, grossing more than $570,000.

The Casino Reinvestment Development Authority sold 92 properties overall in 23 packages during Wednesday's auction at the Atlantic City Convention Center with Max Spann Real Estate.

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The auction included 16 packages, or 84 lots, with developable land and seven packages, or eight lots, of nonconforming lots. The sales grossed $574,000 overall

The Press of Atlantic City reports a similar auction in December netted more than $1.6 million in revenue.

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Information from: The Press of Atlantic City (N.J.), http://www.pressofatlanticcity.com