New renderings of the proposed Caesars in Manhattan. But one of a few proposals and this has been going on for many years.
https://newyorkyimby.com/2025/07/new...es-square.html
New renderings of the proposed Caesars in Manhattan. But one of a few proposals and this has been going on for many years.
https://newyorkyimby.com/2025/07/new...es-square.html
"I don't think outside the box; I think of what I can do with the box." - Henri Matisse
While, in my lifetime, this would obviously be the closest casino to where I live, I can't imagine the potential for increased crime. Times Square, and the Midtown South police precinct, is one of the most notoriously overrun for crime in any major city in the country. If you've recently been reading the most recent thread here on being robbed, and you're ever at this casino--if it gets built--print out the material, for, most assuredly, you're going to need it!
It is nice to see, however, from a historical prospective, going back 25 years, that grand larceny and burglary numbers are down sharply, while felonious assault, unfortunately, is on the rise.
https://www.nyc.gov/assets/nypd/down...-us-014pct.pdf
Don
Last edited by DSchles; 07-03-2025 at 08:18 AM.
New York City ranks in the top 15 percent safest of more than 800 U.S. cities, and the safest among big U.S. cities for gun violence (1924 study). The LV murder rate is 3.7 times that of NYC (2019 FBI stats).
"I don't think outside the box; I think of what I can do with the box." - Henri Matisse
Hard to tell any of the above from what you see on the news every day! Also, assume you meant a 2024 study.Simply speculating on what will happen to all of these rates if you bring a little slice of Las Vegas to Times Square, where I worked (Morgan Stanly worldwide headquarters) for many years. I still believe it won't be pretty.
Don
Don't read the NYPost.They love to talk about crime. But it is not allowed as a source for anything in Wikipedia. In the 35 years I've been living in Manhattan, I have never heard a gunshot and never even seen a gun other than those in possession of law enforcement. I've never felt unsafe. (Well that's not quite true. The damn e-bikes are a serious hazard.)
There are a few plans for a Manhattan casino, and only one will be allowed. None of the plans are at street level and won't have parking lots like LV. One casino in a city this large is not likely to change the city's social dynamics.
Last edited by Norm; 07-03-2025 at 09:28 AM.
"I don't think outside the box; I think of what I can do with the box." - Henri Matisse
When I was in high school in the 70s, I had summer jobs in Manhattan. Those were the days when it was unsafe, and I never had an issue.
Regarding a Manhattan casino, that may fall to the wayside when people figure out the insane tax burden (losses can only be written off against wins up to 90%) on patrons in the current bill about to pass.
Do you think the average gambler reports winnings even when he's required to? And I doubt the IRS pursues typical gamblers who don't report, even if they have w2gs, since they're almost certainly net losers for the year. I think the 90% rule is more likely to affect (scrupulous) APs and, most likely, sports bettors.
I report correctly to the IRS. I blame this on my mother who brought me up to be scrupulously honest. I can't comment on other folks. But, I hear DOGE fired most of the auditors. Those left from the previous IRS budget cuts. Of course you could be flagged by the computers.
"I don't think outside the box; I think of what I can do with the box." - Henri Matisse
The provision is in the final bill:
SEC. 70114. EXTENSION AND MODIFICATION OF LIMITATION ON WAGERING
LOSSES.
(a) In General.--Section 165 is amended by striking subsection (d)
and inserting the following:
``(d) Wagering Losses.--
``(1) In general.--For purposes of losses from wagering
transactions, the amount allowed as a deduction for any taxable
year--
``(A) shall be equal to 90 percent of the amount of
such losses during such taxable year, and
``(B) shall be allowed only to the extent of the
gains from such transactions during such taxable year.
``(2) Special rule.--For purposes of paragraph (1), the
term `losses from wagering transactions' includes any deduction
otherwise allowable under this chapter incurred in carrying on
any wagering transaction.''.
(b) Effective Date.--The amendment made by this section shall apply
to taxable years beginning after December 31, 2025.
This would have increased my tax bill in my best year by about $230K. I am in my seventies and can afford to retire. Heaven help younger folks who passed on an normie career to pursue forms of gambling where your wins and losses are fully recorded by the casinos. Think poker tournaments or online US-based gambling.
The IRS now has a huge motivation to go after recreational gamblers if there is any reason to suspect that they gamble at all. A single W2G might be enough for the IRS to get you to hand over your casino records and pay a huge tax bill on phantom profits!
while true I don't believe this fact really addresses the issueOriginally Posted by Norm
the population of NYC is about 8.25 million - the population of LV is about 661,000
NYC is almost 13 times more populous than LV
along with your stats that would seem to suggest a much greater probability of encountering very serious crime in NYC, especially in the highly populated areas such as Times Square - even if the crime is not directed at you personally
there is much less crime in Queens and Staten Island then in parts of Manhattan which skews the stats and would tend to indicate that a person is wise to be cautious especially at night and especially in certain parts of Manhattan or the Bronx
.
I personally believe the country is going crazy with gambling especially sports betting
while it may be great for some APs - a lot of inexperienced people are going to get hurt very badly
imo it's almost the same as making cocaine legal and widely available
.
Last edited by drunk; Yesterday at 04:55 AM.
Please don't feed the trolls
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