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Investors in defunct casino project sue Louis Cappelli for $3M

Murphy, with Cappelli as a partner, bought the hotel for $10.25 million in a bankruptcy auction in 1999. The plan then, according to news accounts, was to renovate the Concord and develop a resort and convention center. Cappelli quickly gained control of the project. His Concord Equities LLC bought out interests in the 1,500 acres around the Concord held by Russell Berrie of Englewood, New Jersey; JoAnn M. Murphy of Eastchester; Lake Shore Associates LLC of Eastchester; and Stephens Group Inc. of Little Rock, Arkansas.

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Monsoon storm damage will keep Talking Stick Resort and Casino c - Arizona's Family

“Specifically, the multiple storms leading up to Aug. 11 contributed to the incident. The water from the fourth storm flowed into the area where the main and back-up generators are located, causing serious water damage.” The resort says it is communicating with its hotel guests. Those who have upcoming reservations should call 866-877-9897 to get the latest information. "We want to apologize to our guests, and their safety and welfare and experience at our casino and hotel is our number one priority and we just want them to know that we're working as hard as we can to get it back up and running to the same quality that they experienced before," said Martinez.  The resort also offered solutions for those who were playing in the casino at the time of the evacuation. “Guests who were on the gaming floor at time of the evacuation and that exited the property with gaming chips can exchange their chips for cash starting today at Casino Arizona, 524 N. 92nd St., Scottsdale, Ariz.,” according to Facebook. “Slot machine players who had slot tickets in hand but were unable to redeem them due to the incident can go to Casino Arizona to redeem their winnings. Impacted players with questions regarding their slot play can call 480-850-7708.” The casino was hosting the annual Arizona State Poker Tournament at the time of the storm. The five day tournament was cancelled after just one day of play. The casino says players will be reimbursed for fees paid to play.

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