Audit sharply criticizes NJ casino authority fiscal management

September 13, 2018 - 6:05 pm

ATLANTIC CITY, N.J. (AP) -- A state audit has found New Jersey's Casino Reinvestment Development Authority wasted millions of dollars on contracts including those associated with the Miss America Organization and the Beach Concert Series.

The Press of Atlantic City reports the audit released Tuesday found the CRDA didn't monitor how its contract partners performed, and some contracts were changed without board approval.

The audit was the first in the CRDA's 34-year history. It covered from January 2014 to December 2017.

State Auditor Stephen Eells says the CRDA has already taken corrective action. But he says there "would have been a better ending" had better controls been in place.

Democratic Gov. Phil Murphy has declined to comment on the audit.

CRDA Board Chairman Robert Mulcahy says the authority will "continue to seek opportunities to improve."