I think one of the cheapest places on the strip is the Casino Royale. It's sandwiched in between the Venitian, and some other big hotel It's pretty crappy in terms of quality and ambiance, but is dirt cheap compared to the rest and close to everything you probably want to do. It's sort of like if they stuck a Motel 6 in Monte Carlo....it's ghetto, but hey, you're still in Monte Carlo.
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