First and foremost, I only go to Lagasse's when my friends and I have a luxury box. The luxury box by itself is awesome. There is an outside patio area with outdoor seating and TVs so you never miss a second of the game. Although there's only a short wall that separates you from the people walking on the strip, having an outdoor area is refreshing and the view of TI offers a nice change of scenery.
Inside the luxury box, there are multiple big screen TVs (which you can set to different channels so you never miss a game), several couches, a private bathroom, an old-school Ms. Pac-Man arcade game you can play for free, and a pool table. The room is spacious and appropriately adorned in sports memorabilia. The room we always get can easily accommodate 30 people.
The environment sets it self up to be a trendy spot to watch games. The food however, falls flat. I know it's just bar food, but when you have a big name like Emeril behind it, you imagine some kind of revolutionized, re-imagined, delicious interpretation of bar food. The food is just average. They do have a cheesy beer & giant pretzel that is all sorts of buttery fatty goodness. But that's about it. And I was told the dough for the pretzel is imported from Germany. I have yet to actually confirm that.
An interesting tid bit is that one of their chefs, Chef Scott, competed on the Food Network's Chopped and won. So that's pretty awesome. I got the opportunity to meet him and he was very friendly and approachable.
Overall, I wouldn't go to Lagasse's unless my friends and I had a luxury box and we were watching a special game. I wouldn't order food there again either unless I was really hungry or really drunk. I go to Lagasse's for the environment, company, and experience.