The kids can still have fun in Las Vegas and there is plenty that you as an adult can do with them. From museums to thrill rides Las Vegas is still a good choice for a family vacation.
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Photo Courtesy of MGM MirageYour kids will delight in the magical performances and the unbelievable theatrics of the Lion King in Las Vegas. You will sing the songs and continue to relive the story as your children have the time of their lives.

Photograph © 2007 Zeke Quezada, licensed to About.com, IncThe Lied Museum is great for kids who love interactive exhibits. The museum is perfect for anyone looking to give their kids an alternative to the arcades and motion machines at most casinos.
My kids easily spend an hour at the play area and then another hour in the gardens, that does not include visits to the ORIGEN center or the various interactive exhibits. The preserve is 15 minutes from your strip hotel room and worth a visit.
Hike, explore, run, race and get dirty in Red Rock Canyon a quick 20 minute drive from the Las Vegas strip. Kids will love cimboing the sandstone rocks and the alternative to the make believe of Las Vegas is easily accseble in the natural beauty of Red Rock canyon.
Some low cost alternatives for kids in Las Vegas. The entire family can have fun in Las Vegas without spending too much money.

Photograph © 2007 Zeke Quezada, licensed to About.com, IncAdventuredome at Circus Circus is a fun way to spend a day and it is relatively inexpensive as well. The large climate controlled park has rides for the young kids and the teenagers alike.
With 1.6 million gallons of seawater they have the space to hold a good deal of sharks. These won't be after your money either like those at the card tables.
Ride the roller coaster, beat your kid at laser tag or challenge a friend to racing at Daytona. The Coney Island Emporium at New York/New York Resort and Casino is huge and it is a great way to spend an afternoon.