Good choice on Hotels. I have never stayed at the Nugget but it is suppose to be a 4-Star Hotel. I have stayed many times at the Mandalay Bay which is also a 4-Star hotel. I can't believe they are equal quality, but somebody says they are.
One of the best places to eat in Vegas is in Four Queens:
www.hugoscellar.com
The little cafe upstairs from Hugo's is pretty good too.
Be sure and give us your best "Wow, I can't believe Binion's is such a sh!thole!" story when you return.