But where do you park, and how much should you expect to pay for this privilege? Today, it’s a popular destination and one of the more affordable spots despite its prime location on the Vegas Strip. You can’t beat the location of Horseshoe Las Vegas Hotel and Casino (formerly Bally’s), which has been a staple of the Las Vegas Strip for decades, including its time under its two previous names of Bally’s and the MGM Grand Hotel and Casino.