If you get a room in a nice casino and stay off the streets you can have a great time. I go to the Tropicana and eat at the Cuban place. Great food. I smuggle in booze in my suit case and go to the various bars at night. They even have a couple of dance places where a lot of dressed up hot chicks go at night.
The hottest place now in AC is the brand new Revel. I don't know where the incredible amount of money they got to make that place came from. It even has a go go type place with really hot chicks swinging on poles on the gambling floor.