Vol. 11 No. 1, January 2012, Featured Articles, Features
A State of Mind
Karen Sock, General Manager and Chief Operating Officer, Margaritaville Casino and Restaurant, Biloxi
Karen Sock moved to Mississippi in June 2005 to become vice president and assistant general manager at Harrah’s Grand Casino Gulfport. Ten weeks later, that casino and many others on the Gulf Coast were destroyed by Hurricane Katrina. The catastrophic storm moved on, but Sock stayed put.
“Katrina devastated many of our 6,000 employees,” says the Cleveland native, who earned her stripes at properties in New Orleans and California as well as Mississippi. “I remained and helped with the recovery.”
Like so many others, says Sock, “we lost everything we owned. While the losses were painful, it placed new emphasis on what is really important.” Working side by side with her new neighbors, she says, “I fell in love with the spirit of the people and decided to stay.”
Now general manager and chief operating officer at Biloxi’s Margaritaville Casino & Restaurant, due to open this summer, Sock cut her teeth in the hotel industry, working for the Sheraton, Marriott and Holiday Inn hotels before becoming the first black female casino manager (at Harrah’s Tunica) in 1996.
She told Jet magazine at the time, “I am very proud because I know people of color and women and others will look to me for leadership. But it is only my performance that will determine my future success.”
That performance has been impressive. Sock has effectively managed hundreds of millions of dollars in revenues for casino companies including Harrah’s (now Caesars) and Grand Casinos. Perhaps as important, she’s made a deep personal investment in the communities where she’s worked, and in the employees she’s shepherded up the ladder.
“At the end of the day, business is about people,” Sock says. “The wisdom others shared with me helped me in achieving my goals, and it’s a priority in my professional life to mentor others.”
A pivotal mentor for her was industry veteran Tom Brosig, now president and CEO of Margaritaville Biloxi. The two first worked together in 1997 in Tunica; in 2010, Brosig tapped Sock to consult on the Jimmy Buffett casino, and quickly added her to the executive team.
Some thought the Biloxi casino would never be built. Margaritaville originated in 2007 as a Harrah’s/Caesars project on the city’s famed Casino Row. It was shelved in 2008 when the economy went south, and then revived as an independent venture. Along the way, it was scaled back from a $700 million palace to a $48 million Back Bay property with swaying palms and 27 boat slips. The latter is far more reflective of Buffett’s laid-back, gone-fishin’ ethos—and it’s better suited to the economy. With 26 acres, there’s room to grow, and Margaritaville’s independent management company, based in Orlando, Florida, hopes to draw Buffett fans from across the U.S. (5 percent of the population listens daily to Margaritaville radio, Sock says).
“It’s is the perfect model for our community,” says Sock. “When you think of Jimmy Buffett and the whole escapism lifestyle, this is the perfect fit, ideal for the Gulf Coast.”
Sock fits right in too. Describing the Margaritaville team and brand as “powerful,” she promises, “We’re going to hit this one out of the park.”
More Featured Articles
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Speaking of Congress
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Sweet Dreams
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Cloud Nine
Eric Berg, President, International Gaming Technology
Drilling Down in Asia
Ciarán Carruthers, President and CEO, Asia Pacific Gaming Consultancy
Carcieri Cure
John Harte, Partner, Mapetsi Policy Group
Innovation, Inc.
Bryan Kelly Senior Vice President, Technology and Networked Gaming, Bally Technologies
Personal Priorities
Sean Lanni, Executive Director, International Business Development, MGM Resorts International
Center of Attention
Rick Mazer, Regional President, Harrah's Las Vegas, Imperial Palace, O'Sheas, Flamingo and Bill's Gambling Hall
Game Changer
Gillian Murphy Senior Vice President of Non-Gaming Operations, Galaxy Entertainment
Living It Up
Rob Norton, President and General Manager, Maryland Live!
Steady Sailing
Ross O’Hanley, Vice President, Domestic Game Sales and Marketing, Konami Gaming
Atlantic City Czar
John Palmieri, Executive Director, New Jersey Casino Reinvestment Development Authority
Organic Growth
Joc Pečečnik, Chairman, Interblock
Targeting the Market
Richard Pennington, Chief Executive Officer, Aruze Gaming America
Lone Wolf
Gary Pitchlynn, Tribal Attorney, Pitchlynn & Williams Attorneys at Law
Class Conscious
Patrick Ramsey, CEO, Multimedia Games
Latin Opportunities
Beatrice Rangel, Corporate Director for Institutional Relations, President Codere Argentina and President Codere Mexico
Reaching the Peak
Anthony Sanfilippo, President and CEO, Pinnacle Entertainment
Destination Downtown
Seth Schorr, Chief Executive Officer, Fifth Street Gaming
Luck of the Irish
Alan Shatter TD Minister for Justice, Equality and Defense, Ireland
Here and Now
Karl Stoss, CEO, Casinos Austria
Leveling the Playing Field
Larry Werner Senior Vice President, mCapitol Management
A Gaming Life
Longtime casino executive publishes a memoir
Player Hunt
Consultant help and new products help casinos get the most from player tracking systems
SpainLine Gaming
Spain goes online

