Owner/breeder Madeleine Paulson and Ernest W. Moody, president and chief executive officer of Action Gaming, have formed a partnership called Action Racing. It will focus on Thoroughbred racing and breeding.A release said Moody is a games designer from Las Vegas who has been active in racing and breeding in California. He recently purchased Brookside West, a 270-acre training facilily near San Diego.In addition to involvement in the racing interests of her late husband, Allen Paulson, Paulson has her own racehorses and broodmares. The 40 horses in her private stable will make up the new partnership. Bill Mott and Simon Bray will train for the stable.