Big plans for Eagle River Casino

 

By Vicki Winger

 

There’s good news and big plans in progress for the Eagle River Casino and its operating partner, Alexis Nakota Sioux Nation. Eris Moncur who has now been promoted to President and CEO of Eagle River Casino and Travel Plaza says he’s only recently taken on this new title. The casino has been profitable for over one year and was finally able to go into a debt and interest rate reduction program. This allows the business to pay off half its debt now with the remainder due over the next 10-year period with a very favorable interest rate.

 

The new deal will now give them the right capital structure and it has unlocked possibilities for future development.

 

Moncur will be looking to engage in the hotel side soon and see how that development will take on partners or do it themselves. As they will work on a business plan over this winter and spring, Moncur says a solid announcement should be made by late spring.

 

Moncur would like to add something different to the hotel that the others don’t offer, as well as upgrading the current property. Other possible prospects will be to develop a family-friendly restaurant onto the hotel. Long-term plans may see housing being developed on the land. There will be an increase in employment as the facilities are expanded.