This was a GREAT hotel back in the 50s. The rooms have been updated but not to the new Vegas standards. Though often cheap rooms can be found I don't suggest staying down here. The area around the hotel, especially south of the hotel, isn't the friendliest of all places. Though filthy rich real estate moguls have finally purchased the land near by and have began building high rise condos.
Whatever you do. DONT EAT AT THE BUFFET. Save yourself the money and go eat at McDonald's across the street. Don't eat at McDonald's either please. Spend the 5 extra dollars that you were gonna throw away anyways and eat at one of the other buffets.