There is a place there where you can shoot an AK47, I think it's called "The Gun Store" not too sure, but you'll see advertisements everywhere for that place.
Ellis Island just off the strip has $1.50 pints of beer, and i think it's $12.99 for a Baby back rib dinner?
Rare 120 has AWESOME steak. There was another place that did an amazing prime rib dinner for $6.99 as well, again the name slipped my mind.
Essentially, there is good cheap food everywhere.
Not too sure about gambling, but some decent night spots are: Jet (in Mirage), Studio 54 (in MGM Grand), Tryst (in Wynn), and Tao
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