We went for the Thanksgiving Basketball tournament in 2012.
Taxis: 3
Easy to take a cab to the stadium. Very hard to take a cab home. After the game, the entire stadium walks from the arena, through the casino to the front casino entrance and creates one giant line. We waited 30 minutes to get a cab home - while the hotel staff kept yelling at the line to get out of the road. You would think that the staff deal with this after any game - and would prepare by having ropes up for a taxi queue.
And the stadium wasn't even full!
If you're not drinking, parking is very easy and free (at least it was for our tournament) - so we did this the second day.
It cost $11 plus tip from the MGM Grand.
Food Prices: 5
Great deals on food. Hot dogs are $3, beers are $5-$7. And the quality was pretty good for a stadium.
Seating: 4
This is an ice hockey arena - so the seating isn't setup perfectly for basketball. But the seats were so comfy that I was able to fall asleep between tournament games. I'd sit in them again.
Overall: 4
Very nice small arena. I would come here again for a basketball game.