It's not a movie that panders to the lefties but it definitely panders to fans of the first film and Sandler in general. For the wrestling fans MJF and Becky Lynch have small parts and both are fine. MJF charisma does come through while maintaining that heel smugness he's known for.
I was a big fan of the first one and smiled through this one. It's full of flashbacks, references, and gags from the first movie. I would probably give it a low C as far as a grade.
While his films can be lazy slop it's worse when it's lazy sequel slop that couldn't even come up with a more original idea.
Little Nicky, Happy Gilmore, Water Boy, 50 First Dates, whatever. All distinct works. It's like Dumb and Dumber 2 all over again which barring Ace Ventura 2 worked in Jim Carey's favour for why he never did sequels.