My kids and I love this place. If you're looking to do Vegas, but don't want the headache or prices of the strip, it doesn't get better than the Nugget. We stay here at least once a year since they've opened the new pool. The pool is incredible. Small enough where you can actually watch you preteen kids, but incredible enough that they have fun.
We've always had good luck with the dealers. Doesn't mean we always win, but the losses aren't so bad if you have a fun and social dealer. Real drinks here, not the water downed drinks you get across the street. This is my favorite place to stay in Vegas, but I'm tired of the strip.
The downsides, no kids menu at the cafe ( I know its Vegas, but come on) and the food there is far below average, rude staff and high prices for junky cafe food. Pretty good buffet upstairs and well worth a couple bucks more. WiFi was over $10 per night which is a rip off, but there is no resort fee which I love.
If you want to spend the money and go to the strip, then stay at the Venetian, if you want to have a really good time for a weekend and actually be able to walk from casino to casino, this is your place.