Lake of the Torches Resort Casino started as a bingo operation in the 1970s, when Native American tribes in Wisconsin reached agreements with state officials to create bingo halls. The Bingo Hall was established in Lac du Flambeau and subsequently grew in popularity. In the 1980s, the tribe reached another agreement with the state allowing for a casino that would include blackjack and slot machines. A casino was established in 1989 in downtown Lac du Flambeau in what was then the Save More grocery store. The casino became more popular in the area and attracted both residents of northern Wisconsin and tourists who visited on vacation.

In 1996, the Lake of the Torches Resort Casino opened on the shores of Pokegama Lake. The new facility featured a hotel, restaurant, food court and expanded slot machines and blackjack tables area. In 2002, the Woodlands Oasis water recreation center was built. The facility includes a kiddie pool, 19-person whirlpool, a sauna and a large adult pool with water sports and bubble benches.