I have stayed here twice in '07 once on business and once for pleasure.
Standard rooms are spacious, clean and comfortable and at $39.00 per night they are the bargain of the year! Hotel is centrally located in downtown Reno, and walking distance to all that downtown offers.
Casino is bright and lots of 24 hour gaming action is available. Two small bars on the first and second floor definitely need new staff as on both my visits the staff was slow and the service was poor. Also the advertised drink specials were not available on both occasions at the second floor bar (due to low stock I was told)?
For the price and accommodations I would stay here again but ask for a 4th or 5th floor room and avoid the elevators! Slowest elevators in the world and they don't hide that fact, but it starts to get annoying after the first few days!
Check in is quick and the bell desk is very helpful in handling your luggage for and early check in or late check out.
Buffet and restaurants are good, but the menu does not change much in the buffet so once you eat there a few times it gets routine fast.
Parking is free for guests, but the parkade is across the street. You also will need a validation stamp on your ticket from the front desk every time you leave the parkade or you'll be charged. During high check in periods its a real pain waiting for the stamp.
Overall I'll rate this hotel a 7 out of 10 and would stay here again.