wow, that's crazy (the hot dog price). And if you feel like actually hitting the casino, and think, "Hey, if I win, I'll stop," don't go with anybody else. I went with a friend a few months ago, just because we were bored, and brought a whopping $50 - won up to a little over $100, and walked out. He refused to stop playing 'til he won his money back. I ended up with ten cents on a piece of paper that I ended up misplacing anyway, because I had to kill so much time waiting for him to run out. If you win, get out before your luck runs out.
It's a really fun place, though. I'm still considering going this year, but if I did, that $40 VIP thing definitely seems like the way to go.