A voice-over by Lance Henriksen (MILLENNIUM, ALIENS) segueways into a scene in 1927, in which a group of guys are gambling. One bets the bar he owns, referred to as "The Island". It's a building that's constructed atop a bunch of docks in the middle of a large lake. He loses the bet and then shoots himself. The winner has his henchmen dump his body in the water.
In the present, Henriksen portrays a boat driver who takes three new employees to "The Island". They're new bartenders, though one is just there to work on his thesis project, a video on the paranormal happenings and disappearances that have occurred since 1927. Henriksen warns them that they should get off the island after it closes because it's dangerous. But, of course, with the help of one of the long-time waitresses (Briana Evigan), the trio go back to the island after it closes--and have a supernatural encounter that does not end well.
On one hand I was irritated that the box art--and title--are misleading. I was expecting a haunted island movie, not a film about a haunted bar. However, the acting is solid, the "island" bar is an interesting location and the movie held my interest. Recommended.