Hey Darian, the studio isn't open for public but if you want to see some cool magic shows, I'd recommend seeing David Copperfield's at the MGM Grand. Penn & Teller also have a great show at the Rio, very entertaining!
If you happen to come to Vegas on the third Thursday of the month, there's an even called "Wonderground" hosted by my good friend Jeff McBride. There's also a magic meeting at Boomer's every Wednesday at around 9pm (have to be 21 and older for both events though).
Let me know if you need any more help while you're here!