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William M. Grace

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William M. Grace (September 10, 1934 - 2004) was a building developer who played an important role in bringing casinos to the Midwest.

Grace was born on a farm near Burlington Junction, Missouri. He received a B.S. and later and MBA from Arizona University in 1959. He taught at Arizona State University. In 1966 W.M. Grace Construction and W.M. Grace Development Company initially headquarterd in St. Joseph, Missouri but later headquartered in Arizona.[1]

In the 1990s after gambling in various levels became legal in the Midwest he owned, built and managed:

Following his death the St. Joseph the four Missouri and one Iowa casinos were sold to Herbst Gaming for $287 million.[2] The Woodlands has subsequently closed. Money from these and other business activites are now used by the W.M. Grace Foundation.

References

  1. ^ http://wmgracefoundation.com/
  2. ^ http://ir.herbstgaming.com/phoenix.zhtml?c=130603&p=irol-newsArticle&t=Regular&id=594091&
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