Turnaround and Performance Improvement Advisors

Jerry MonahanMr. Monahan has more than 30 years experience in sports/entertainment management with emphasis in racetrack management. Jerry has spent the last 15 years in restructuring and new business development, with extensive experience in legislative issues, management and government relations through projects in New York, Kentucky and Virginia. Since 1999 Monahan served as Senior Vice President and V.P. – Racing Operations of Colonial Downs, Virginia’s first pari-mutual racing operation. He developed a partnership between his company, state and local governments for simulcasting and an account wagering system to serve Virginia locations at nine in-state off-track facilities and multiple out-of-state wagering venues. Monahan was actively involved in legislative processes regarding pari-mutuel wagering, account wagering, interstate, intrastate, intertrack and off track issues, and was liason between Colonial Downs, New Kent County and the Commonwealth of Virginia. He launched Colonial Downs’ phonebet account wagering system in Virginia, managed racing activities for thoroughbred and harness racing meets and developed inbound and outbound simulcasting operations on and off-track. From 1991-97 Mr. Monahan served as EVP of Lexington Trots Breeders Association (The Red Mile/Tattersalls), where he blended live racing and simulcasting of thoroughbred and harness racing. He also restructured mutual operations increasing gross mutual handle by 60%, purses by 55% and the number of horses that raced at The Red Mile by 30%.Tattersalls became the first horse auction conducted by satellite allowing nationwide bidding. Red Mile publicity events also raised significant dollars for local charities. From 1987-91 Monahan produced similar improvements as VP – General Manager of Buffalo Raceway. He enabled the Company to be sold profitably following increases in handle, live attendance, and creation of nationally recognized stake programs. Previously, Monahan served in senior management capacities at Garden State Sales Company, Standardbred Owners Association of New York, Vernon Downs, Raceway Park, Northfield Park, Ocean Downs, Suffolk Downs, Brandywine Raceway, Yonkers Raceway, Liberty Bell Park, Pompano Park, Cahokia Downs and the Indiana State Fair. Monahan is a Director of the Thoroughbred Racing Association, serves on the Strategic Planning Committee of the Virginia Racing Commission and has served as Director of Harness Tracks of America.