I stayed at this hostel and can honestly say it was the worst hostel I have ever stayed in.... and I have stayed in many hostels around Europe and the USA. It is a really dodgy part of town (they use the word vintage to describe the location, but I think the words 'bad part of town' and 'hostile' would sum it up nicely). It is a long way into the strip (over 45 mins by walking and public transport). The manager is hostile (except for the female manager of the complex... she is a doll). They play music all day and night in the courtyard which is not conducive to female taste. I also meet some really screwed up people staying in my dorm and at the hostel. The tours are not well organized and can be canceled at the last minute too.
In all honesty, I would stay at circus circus or stratosphere. Although the rooms are a little more expensive ($40 compared to $25), you are more likely to feel liking going home at night to your accommodation. For most males, the hostel would be fine... but for females it is too dodgy part of town, and it is too unsafe (it is only a matter of time till a female is raped on the walk to the hostel).
I know this review is harsh, but I have to get the truth out there to the public. However, even after this bad review, I did not personally have bad time. I was looked after nice enough by some people at the hostel. I just want others to know of the risks and the experience that they may face in this hostel.