Beale Street would be of far better entertainment value, depending on your love for Elvis. There are way too many good BBQ and Blues venues to even mention. All within the walking distance of a very few blocks. About a mile or two away is the Sun Studio's tour, a must see for any early rock 'n roll enthusiast. The R&B museum is only a half block away. The security is excellent, tourists are well protected. Lot's of incredible music history in this little area. I enjoyed Graceland, but enjoyed Beale Street even more. Can find good live blues and R&B music almost any day of the week. Can't even begin to describe the food options. (try a catfish po'-boy for lunch). Get a room for a night or two at the Peabody, about a block away from Beale Street. Visit BBKing's, Rum Boogie Cafe, Silky Sullivan's, ride the trolley, take a carriage ride...all this in the same 3 or 4 block area. 30 miles south a little gambling town called Tunica with okay hotels/casinos (but I would save my gambling stash for vegas). Without a vehicle, it'll cost you to get from the airport to Beale Street. The positive side is to see a lot of music/entertainment history in Memphis.