Racing Industry Executives Launch Consulting Firm "MORE"
Updated: Tuesday, June 12, 2007 11:47 AM
(edited press release)
Posted: Tuesday, June 12, 2007 11:47 AM
Terence Meyocks and Philip O’Hara, Jr. announced the formation of a new industry partnership June 12. The well-known Thoroughbred racing executives are the founding partners of Meyocks and O’Hara Racing Enterprises, Inc., a strategic acquisitions and advisory partnership which will market itself under the acronym “MORE.”
Meyocks, a former executive for the National Thoroughbred Racing Association (NTRA) and past president and chief operating officer of the New York Racing Association (NYRA), and O’Hara, past president and chief executive officer of Equibase Company LLC, founded MORE to provide investors and clients with an array of industry service offerings.
“MORE is uniquely positioned to benefit individual investors while protecting the integrity and strengthening the viability of the racing industry,” said Meyocks. “While our goals are to maximize returns to our shareholders and to provide exceptional value to our service clients, we intend our actions and activities to contribute to the overall well-being of the racing industry and to provide long-term benefits for its structural integrity.”
Meyocks, a former NTRA vice president and special assistant to the commissioner, has more than three decades of racetrack management experience including president of the NYRA and its three signature tracks – Saratoga, Belmont and Aqueduct. Meyocks has also served as racing secretary at Gulfstream Park and Calder Race Course and assistant racing secretary at Oaklawn Park, Hawthorne, Keeneland, Arlington Park and Delaware Park.
“MORE will seek to consolidate industry operations where appropriate and to expand services and offerings where opportunity allows,” said O’Hara. “Where there is overlap, we will seek to leverage strengths and efficiencies; where there is a void we will seek to supplement the gap to the industry’s benefit.”
O’Hara served as president and chief executive officer of Equibase Company LLC from May 2004 to April 2007, overseeing the company that maintains the official database for the Thoroughbred industry. O’Hara has also served in various racetrack executive management positions including executive vice president/pari-mutuel operations for Penn National Gaming Inc. and as vice president/general manager at Penn National Race Course. He has also held positions at Tampa Bay Downs, Arapahoe Park, Commodore Downs and Louisiana Downs.
According to the founding partners, MORE will focus on researching and evaluating potential acquisitions within Thoroughbred racing including racetracks, industry service providers, and the formation of syndicates and partnerships. MORE will develop strategic business and marketing plans, identify optimum ownership structures, and canvass potential investors for all properties and assets under consideration.
MORE will also provide project management and advisory services to industry organizations, racetracks, breeders and horsemen while developing management plans for clients. The partners plan to draw upon the input of industry professionals, including racetrack managers, regulatory officials, technology providers, breeders, horsemen and veterinarians.
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