Owner Craig Thompson has made the tough decision to geld Luke's Luck in the hope of resurrecting the three-year-old's racing career.

Thompson had high hopes the beautifully-bred galloper would serve as his foundation stallion at his Mt Hallowell Stud in Denmark.

He paid $150,000 for the Show A Heart-Red Queen colt at the 2011 Magic Millions Yearling Sale on the Gold Coast, and was a satisfied owner when Luke's Luck claimed the Group 2 Karrakatta Plate (1200m) and Group 3 WA Sires' Produce Stakes (1400m) last autumn.

Luke's Luck was crowned WA's leading two-year-old for his feats.

He looked on target for the WA Guineas at his first two starts back for trainer Trevor Andrews at weight-for-age, finishing second to Power Princess in the Prince Of Wales Stakes (1200m) on October 27 and third to Luckygray in the Lee-Steere Stakes (1400m) a fortnight later.

However, his campaign nosedived at his next two starts when he finished fifth to Academus in the WA Guineas (1600m) on November 24, before running last to Power Princess in the Scahill Stakes (1400m) on December 8.

"We were hoping he would return this season with a Group win," Thompson said.

"He was getting colty in his campaign and we took a calculated risk to try to push through it.

"I was hoping he would be my first stallion at Mt Hallowell Stud, but it is not the case.

"We have not lost anything going this way and I am hoping he can now go ahead and reproduce his best form."

Thompson's multiple Group 1-placed mare Hallowell Belle is recovering well after suffering a muscle tear when a shock last in the Winterbottom Stakes (1200m) on November 24.

Thompson is hoping that Princess Hallowell, a $110,000 purchase from Perth's Magic Millions Yearling Sale, can claim the Westspeed Plate (1000m) at Ascot tomorrow.

·Former WA Football Commission chief executive Jeff Ovens will take the reins as the chairman of Racing and Wagering WA next month.

He replaces Ross Bowe, who chaired the eight-member board since 2003.

Ovens was appointed to the racing industry's governing board in February last year.

He is managing director of Admor Corporate, a company established in 1987 to provide corporate advice, and is a director of Bethesda Hospital.

"I was hoping he would be my first stallion at Mt Hallowell Stud, but it is not the case.""Luke's Luck owner *Craig Thompson *

The West Australian

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