"I was thinking I ought to get out," Giles said. "There was just no money in it."
But the situation began to change.
Wyoming Downs was purchased at a 2011 auction by Las Vegas investor and former owner Eric Nelson. Slowly, plans were made to reopen the track.
Just as significantly, the Wyoming state legislature passed a law last year to allow wagering on historic racing video terminals throughout the state. The legislation could pump millions of fresh dollars into horse racing.
Wyoming Downs was back in business.
So was Giles.
Wyoming Downs opens its 2014 racing season Saturday. The 16-day weekend meet runs through Aug. 10. In addition, Sweetwater Downs in nearby Rock Springs will run a four-day meet at the end of August, giving local horsemen another option.
"I can't wait," Giles said. "It's just great. Horse racing in our area was dying and this is the thing that can save it Wyoming Downs opening up again."
Giles will have 12 horses stabled at the track. He hopes to have "20 or 25" next year, when Wyoming Downs officials have already announced they hope to extend the meet to as many as 24 days.
"If we can get through this year and fill the races for all 16 days, I think the future of Wyoming Downs will be stronger than heck," Giles said. "... I'm just so gosh darn excited. There's finally some light at the end of the tunnel."
Utah's breeding industry could also benefit if Wyoming Downs prospers.
"The good young horses the really, really fast ones were being sold for next-to-nothing because there was no money out there," Giles explained. "The owners were selling them cheap because there was no place to run. Now maybe there is."
If the response by horsemen for opening day is any indication, Wyoming Downs will be able to offer the betting public attractively large fields.
Seventy-three horses were entered in the eight races on Saturday, including nine in the featured Inaugural Handicap.
"We have had an excellent response from horsemen in Utah, Idaho, Montana and of course Wyoming," said racing secretary Trina Fackrell. "There has been a lot of positive feedback so far. ... The horsemen are very excited about our full season and want to run."
For a decade before closing five years ago, Wyoming Downs withered on the vine.
In 2009, the track offered only eight days of racing. The purse for the Inaugural Handicap was $2,500-added. But this year, the Inaugural is an $8,000-added event and has attracted a nine-horse field, including Currahee.
The 5-to-2 morning line favorite, Currahee is owned and trained by Stewart Pike. The 5-year-old gelding has already earned $79,240 in a 10-race career.
"The purse structure is awesome," Fackrell said. "There is some money in racing in this area right now, and the horsemen have noticed."
A closer look at Wyoming Downs
What • Pari-mutuel horse racing
When • Saturday-Sunday, June 28-29; July 5-6; July 12-13; July 19-20; July 26-27; Aug. 2-3; August 9-10
Where • Nine miles north of Evanston on Highway 89
Gates open • 11:30 a.m.
First race • 1:05 p.m.
Admission • Clockers corner $10; lower grandstand $8; upper grandstand $7; general admission $5; children 12 and under, free.