A funding dispute that was threatening the future of the River Cree Casino west of Edmonton has now been settled.

The casino is operated by Paragon Gaming on behalf of the Enoch Cree First Nation. In April, court documents revealed that the casino had defaulted on a $111 million loan and there wasn't enough cash to keep operating.

At the time, Paragon blamed the problems on the province's refusal to approve a new funding agreement between the province, the band and Paragon.

Additional documents filed last month revealed an acrimonious fight between the two sides.

The First Nation blamed Paragon for violating agreements. It claimed Paragon had fallen short of goals to hire aboriginal employees and alleged the company used racial stereotypes to explain why.

Paragon claimed that Enoch refused to commit to refinancing and was trying to buy Paragon's interest in the project.

None of the allegations contained in the documents have been proven in court.

Both sides now confirm that a settlement has been reached, ending the dispute. Details have yet to be filed in court.

With files from the CBC's Gareth Hamsphire