This feels weird - I don't mean to defend Vegas as I'm not really a fan but I've had a lot of trips to Vegas, all due to conferences. If you're not going during a major conference you can still find pretty good hotel rates. Luxor and LINQ for $60-70/nt even after their $50 fees isn't bad compared to what you'd get for the same rate at other notable cities in the US. Harrah's for $10 less a night if you're not planning on staying in your room other than to sleep is...fine. If you have access to FHR, Virtuoso, LHC type hotel programs the deals are pretty good compared to a lot of other cities in the US for fairly nice rooms at Venetian, Cosmo, Bellagio etc. And if you head off the strip to say Koval st or something you can still find massive fish and chips, steak etc for 11.95 or thereabouts. It does take work though otherwise you'll walk into a Gordon Ramsey atrocity and pay $90 for a mediocre dinner. Plus everything is very much designed to nickle and dime you. "We have 300 rooms available but do you want to check in at 10am? $50 please. 1pm? $30 please." "Oh this room has a view of a parking garage. Upgrade for just $5 to a view of a bank of HVAC exhausts!". It really is the posterchild location for why the fees need to be advertised upfront. Still, if you're able to swing a parking deal during booking (relatively common IME) standard rentals are cheap and there's cool stuff in the surrounding areas like the Hoover Dam and Red Rocks.
Edit: Lulz while playing with dates for Harrah's you can see when a major conference is in town. Close to a $50/nt year round average except for some key dates randomly. During the week of a tiny conference called AWS re:Invent? Skyrockets to ~$300/nt