Cheap
Very cheap, and it is also in a pretty good location, but to be honest, when you're in Vegas you want a bit more class. The room was spacious, beds comfortable, but we had a problem with the toilet over flowing that took a while to sort. (Staff not terribly helpful.)
The bath was tiny, but then most hotel baths are. Didn't like the seedy casino, and ended up going to the Luxor or the New York, but you are right next to the Bellagio (although sadly the view of the fountains is blocked, and "next door" is relative in Vegas!)
With most hotel prices pretty reasonable - they want your gambling dollars - I would stay somewhere plusher next time. Boardwalk is cheap and reasonably well located.