I've stayed here a couple times now and am a big fan of this hotel. Big, comfortable, luxurious rooms, nice casino, friendly staff...and the smell! Smells wonderful.
I recommend this place highly if you can swing the weekend rate of $169...although bear in mind that they add on hotel tax, sale tax, and then add on a $17 resort fee per day so you will end up paying over $200 per night.
If you stay here, ask the checkin clerk for line passes to LAVO, and make sure see if they have any vouchers for freebies (they do - sometimes you have to slip a tip to get them though).
The pool areas are very nice. While crowded, you'll find these a little more relaxed than other pools around Las Vegas. Make sure to order a pitcher of sangria while you relax in the pool all afternoon.
I'm deducting a star for the simple fact that the pool scene could be better than what it is (they need more staff to serve drinks).
The shopping is also fabulous. The Shoppes at Palazzo are AMAZING! Must be seen to be believed.