The Flandreau Santee Sioux Tribe is working with a group of Sioux Falls business leaders to prepare a proposal for a new casino that would combat the effects of a planned casino in nearby Lyon County, Iowa.
The Sioux Falls casino may be able to stem the tide of losses that are expected to occur when the Lyon County casino opens. The Sioux Tribe also plans to share profits from the casino with the city and state.
The Sioux Falls casino proposal would require both federal and state approval, which is uncertain. But the perfect storm created by political unrest and competition from Iowa may lead to a casino after all.
“I think if Lyon County didn’t exist, it would be a harder thing for the public to accept,” David Sweet, CEO of Hotel & Resort Management, told the Argus Leader. “But right now, it does exist, and it is going forward.”