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Wiktionary
clip joint

n. (context informal English) 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.

WordNet
clip joint

n. a place of entertainment where high prices are charged for poor entertainment

Wikipedia
Clip joint

A clip joint or fleshpot is an establishment, usually a strip club or night club (often claiming to offer adult entertainment or bottle service) in which customers are tricked into paying excessive amounts of money, for surprisingly low-grade goods or services—or sometimes, nothing—in return. Typically, clip joints suggest the possibility of sex, charge inflated prices for watered-down alcoholic drinks, and then throw out customers when they become unwilling or unable to spend more money. The products and services offered may be illegal, allowing the establishment to maintain such activities with little fear of punishment from law enforcement, since its victims cannot report the venue without admitting that they broke the law. Even in situations where no law was broken, victims may be too embarrassed to seek legal recourse.

In the United States, clip joints were widespread during the national Prohibition of alcohol from 1920 to 1933, and the practice later became outlawed. For instance, the New York State Liquor Authority imposes penalties against any licensed premises permitting such conduct. Clip joints still operate openly in some areas of the world, such as Shanghai and Las Vegas, where they prey on visiting tourists. Some, although not all, Japanese maid cafes operate similar scams 1.

Usage examples of "clip joint".

It is -- or was -- a well-known clip joint, catering mainly to American tourists and wealthy Brazilians.

We've seen every import shop, Christian mission and Chinese clip joint within twenty miles.

That, I thought, was how he must have looked when one of his clip joint girls was caught with the punrers' cash stuffed in her tights.

When I hit the Big City, the first thing I did was to get a shave and haircut in the nearest clip joint, and the second was to change my shirt and undershirt in the men's room, because I can't stand hair down my back.