I usually don't write Trip Advisor reviews for chain or generally well-known hotels since I doubt I can contribute much that hasn't been said, but am reviewing the NY NY in order to note that it appears to have gone slightly downhill in the last few years.
I stayed in the NY NY once in 2003 and it was great - exactly on par with the Paris - one of Vegas's really fun "theme" hotel/casinos. I stayed again in 2009 only to find best part of the casino area had been completely ripped out (the Central Park themed bridge and trees) and replaced with abstract gaudy neon swirls and a pit of slot machines. The New York theme was pretty much lost as a result (though once you venture out of the casino area into the restaurant section, the theme becomes evident again with the tenement style buildings, delis, pizzarias, etc.). The rooms are spotless but haven't been updated (e.g., projection TVs). However, the price did reflect this decline (at $79, the room was about $40 cheaper per night than the Paris).
As an aside, it seems like Vegas, generally, is moving away from theme hotels/casinos like the NY NY, Paris, Venetian, etc. to just super-luxury (the Wynn, etc) and the action is moving further north on the Strip.
The bottom line is the NY NY was a great value (very clean with good location and fair pricing), but it's a bit disappointing to see it starting to decline, even if the price has been adjusted accordingly. By all means, stay there for the value and gamble elsewhere in a more fun/luxurious environment.
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