I am upgrading V Bar to four stars after my visit on Saturday evening with my sister. This lounge was better than I remembered. After dinner at Lavo and some gambling at the Palazzo, we walked over to V Bar for some drinks. It was a little after 9 pm when we arrived and walked right in and settled down at the bar. Service was quick and really friendly for the couple of hours we were there, and our five drinks cost me $51 after tip (3 cocktails and 2 beers). This is a great lounge for couples and groups since there is plenty of seating at the bar and at their U-shaped tables. The music mix was great and not loud enough where you had to yell to be heard.
I don't remember V Bar having hookah last time I was there a few years ago, but they have it now and have quite a list of flavors. My sister is a not a smoker so no hookah for me this trip, but I will definitely keep it in mind for my next trip out to Vegas.