Bally's shows some of its age - Back in the 80s it was the MGM Grand before a huge fire - it was renovated sometime after that. It has a decent casino space, and some small resaurants but nothing that really makes it stand out as a Las Vegas mega hotel. If you are looking for a reasonable place to stay in a GREAT location - It is acress from Bellagio and Caesars, and connected to Paris. Bally's is worth a stay - like I said - nothing fancy - but the location is really very good!
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