I think this is a great value hotel. I never come here with children, but this place is filled with 'em, so if that bothers you, go elsewhere.
I have stayed here for as little as $27/night!
Easy access to the tram that goes to Mandalay Bay and Luxor. Bridge walkway takes you over to MGM Grand. There is a McDonald's if you wanna eat on the cheap, and there is Dick's Last Resort which provides an interesting and fun experience. They also have free music/dancing at night. The 24 hour cafe is also pretty good, especially for the price!
I agree with another Yelper in that I am surprised that this has such bad reviews.
I really like this hotel. Again, it's not a five star place, but it's one of the best places you can stay for the money.
I've stayed here about 4 times and I am sure that I will stay again.