Don't get me wrong I don't mind spending money but I don't know the propper procedure at the nightclubs. Like what does dress nice mean? I know nice shirt, nice jeans, but can we wear boots?
Button up collared shirt, if you wear jeans they better be designer, I doubt boots will fly unless they are very clean and not old or work boots. No hats. Also this depends on the club you go to, some are soft on dress code, and at some clubs I have watched people get turned away. Sandles and shorts are for a sure a no-no lmao.
When I would go to a night club and wear jeans, they would be a pair of true religion or 7 for all mankind type of denim, with a dark dress shirt and my Calvin Klein 3 button jacket with black dress shoes, and even then I see people better dressed. However I have seen people that make it in that are not really well dressed (IMO) but they stand out in a club crowd pretty bad lol. If you are underdressed at a club, you will feel uncomfortable lol. If you and your buddy clean up well, take a night to hit the club. You guys will have fun. Most people show up to the clubs around 10 or 11 (when they open) and it starts getting quiet around 4 or 5 am, so you better like to be up late lol. If you like to drink and carry a buzz maybe 6-8 drinks over the night you will need some cash ~$200 each including good tips (bad tipping will net slow shitty service, and low alcohol in drinks). Thats just for you, if you plan on buying anyone drinks, bring more lol. Like I said, clubs cost a lot and its not uncommon to spend a couple hundred on a night out just at the club (depending on how you socialize and how much you drink).
Be sure to check out ferment street bars, you can wear pretty much whatever and have a good time, prices are better and and its more of a laid back party crowd. Go to bars with live bands or dancing to interact. If its only you and your buddy, it wont be as much fun as if you can interact/dance/socialize with people.
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EDIT: just saw your second post. Town square has a lot to offer in 1 place. lots of locals too. There are a few good bars there, you will have to dress nice, but nothing like the clubs. Playboy club at the palms will have dress code. Anyone can get in there, actually playboy club kind of sucks. If you go to rain or moon, after like 2am they open it up so you can go between all the clubs (rain/moon/playboy). then you only have to pay to get into 1 club. You will find your self heading back to rain most likely though lol. Also they have ghost bar at the palms, its pretty cool to check out.