The location of the Jockey Club is in a prime spot and it has a gorgeous view of the Bellagio fountain and the strip. The valet is very cheap ($5/day), but you can walk easily to the strip or catch a ride share. The staff was friendly and helpful.
The penthouse itself is old and has a weird smell, but it will do the job if you are down for a fun Vegas trip. I was down for a work trip, so we were there for 16 days total so my experience was different than most. One bedroom was too hot to sleep in b/c the AC was broken and did not cool the room down. There were many fans set up in the room, but it just blew the hot air around. The rest of the unit was nice and cool, but I had to sleep in the living room.
The appliances, kitchen items, etc... are on the low end of quality but they do the trick. We chose the place so we could cook and it had the basics of what you would need.
The rooms were spacious and there was plenty of room to spread out and relax.
I would go back for the view, if they would promise to fix the AC:)