clip joint

from The American Heritage® Dictionary of the English Language, 5th Edition.

• noun A restaurant, nightclub, or other business where customers are regularly overcharged.

from Wiktionary, Creative Commons Attribution/Share-Alike License.

• noun informal An establishment, usually a strip club or bar, in which customers are tricked into paying money only to receive poor goods or services or none at all.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

• noun a place of entertainment where high prices are charged for poor entertainment