It's really not that bad!
I've stayed at other cheapie hotels in Vegas, and I would definitely consider coming back here. The rooms in the Monaco tower have recently been remodeled, and while they may not be as luxe as other hotels, you get a good deal for the price...as long as that price is under $100 on the weekends, which is what I got through the website. Some of our friends waited till the last minute to book and found the prices had gone up to 199/night! Be sure to book early for a good deal.
Everything costs just a little bit less at this hotel, and the walgreens and CVS are not too far away. Beers at the scary Slots a Fun across the street are only 2 bucks as well. Most of the patrons seemed to be older folks, conventioneers, and young people trying to save a few bucks. It may be a little far up the strip, but not too far to walk to the Wynn or the Fashion Show Mall if you are in moderately good health and the temperature is under 100 degrees. They charge $12 to use their gym, and I have no idea why since the equipment is outdated and the "spa" was nonexistent. They also have a 24 hr coffee shop featuring a late night $5 all u can eat pancakes special. Not the place for a romantic getaway, but perfect for a rowdy weekend with friends.