This review is for the casino only. I can't speak about the hotel or the food, but other reviews here lead me to believe I'm not missing much.
A few friends and I were staying at NYNY, and decided that we would try and find some cheaper blackjack tables to maximize our table time. We'd heard that the relatively new Hooters Hotel had $3 BJ tables, so we made the half mile or so trek from our hotel. What a waste of time. The way Hooters advertises it (giant banners down the side of the hotel proclaiming "$3 Blackjack 24/7!"), you'd think they would at least have several tables at this price. Nope. They had two $3 tables (both full of course), and all the rest were $10 and above.
In sticking with the company slogan of being "delightfully tacky", the casino area itself looked pretty low class. This is coming from someone who is most definitely NOT a high-roller, but for a fairly new hotel on the Vegas strip, this casino looked and felt out of place. Not a place I see myself going out of my way to visit again.