$8 for a beer, $16 for a cocktail and up to $50 for a cigar (Opus X - $22 for a AF Short Story), so yeah, this place is expensive. You can bring your own with no fee but a 1 drink minimum is required.
Waitress have very sexy skirts which are fun to watch, but it's not really a cigar place - it's just cigar friendly. I was at Up but the Parsol Down has a nicer view and outside area.
Worth a visit if you are staying a the amazing Wynn/Encore complex, but I much prefer the Foundation Room or Casa Fuente when not staying at the hotel.