NOT BAD. BUT NOT GOOD EITHER.
PROS: It's located inside the Cabo Wabo Cantina on the second floor. If you are hungry, you have what looks like a pretty decent restaurant on the main floor. When you make your way up the stairs, the venue itself is pretty decent size with a full bar for you alcoholics. The view from there is pretty awesome. You can see right below you the strip and a clear view of the Bellagio fountains across the street.
CONS: The elevator was out of order that night we went. What if you were handicapped? How the heck are you suppose to make it up the second floor? Anyways that was just a minor thing compared to the major issue. Since the restaurant is right below us, all the noise coming from there was echoing up the stairs to the venue. So sometimes you couldnt fully understand what the comedians were saying. The mics were turned up pretty good already but the fact that you have constant background noise from downstairs greatly reduces this review to 2 stars. Fix that and you are at least a 4 stars.
As for the comedians, there is a new set every week so this review does not pertain to them. The venue is what is always constant so that is what you will be dealing with, thus this review will tell what to expect atmospherewise.