This is far and away the finest hotel on Fremont. It has old school charm and a "classic Vegas" feel (less like the new Disneyland hotels). If you stay downtown this is THE place to be. It's also close to dozens of other fun destinations.
Amazing pool with a waterfall, shark tank, and hundreds of lounge chairs, really nice rooms, great bars, a nightclub, excellent food, clean casino, and a great value.
Post renovation I would put the Nugget in a class with most strip hotels.