Las Vegas-based Pinnacle Entertainment sells Atlantic City land parcel for $30.6 million

The Las Vegas-based company did not name a buyer, a filing with the Securities and Exchange Commission shows.

Pinnacle had been trying to sell the 19-acre site along the Boardwalk since 2010.

The company bought the former Sands resort in 2006 for $270 million and imploded the property a year later. Pinnacle planned to build a $2 billion hotel-casino on the site but scrapped those plans when the economy crashed.

Pinnacle shares fell 17 cents, or 1.19 percent, Thursday to close at $14.10 on the New York Stock Exchange.

Contact reporter Howard Stutz at hstutz@reviewjournal.com or 702-477-3871. Follow @howardstutz on Twitter.