There is nothing very Sherwood Forest-y about this bar except the sign hanging above it. It's not even very loungy. It's just an opening in the wall of Excalibur's Casino with some bartenders behind it and some stools pulled up against it.
BUT they have good video poker machines and the bartenders are friendly, pour stiff drinks, and don't tell you that you have to play 'max bet' on the poker machines to get free drinks. We kept finding ourselves back here at several points over the weekend.
While it's not really a destination, it makes a GREAT pit stop.