clip joint 
noun informal
A nightclub or bar that charges exorbitant prices: clip joints more interested in overcharging for drinks than delivering a show...
- He also enthusiastically encouraged her in her plan to become a nightclub hostess and she duly went to work in a clip joint off Piccadilly.
- The bio-medical scientist had been lured into the Soho clip joint.
- The film opens with a flashback to explain how long term fixture and resident clown Eddie came to work at the famous clip joint.