By far my favorite theater in Las Vegas. Anywhere really.
A very brief jaunt away is the Yard House where you can consume a glorious variety of fermented beverages. Town Square contains a diversity of quality eateries if you're not of the beer-swilling persuasion.
The Rave itself is very clean and well-presented with a spacious lobby (where they are apparently building a bar) and well organized wings of theatres. The concession stand contains the standard fair of dramatically overpriced goods but they don't make you pay for popcorn seasonings (yay) and it's worth mentioning they have toyed "happy meals" for the kids during certain appropriate cinematic openings.
The screens themselves are of high quality and I have never noticed non-3D dimming on any of the digital projectors. Never have I had an issue with projection quality.
I was originally skeptical to see they had European style assigned seating available but it comes in handy for midnight releases. Rave does these quite well too.
It's not the Alamo Drafthouse but if you're looking for a standard theater this wins.