The easy answer would be either the Ho itself or Slots A Fun, but we're pretty sure that neither of these is the one you're remembering. You didn't say it was across the street, but we're guessing it was. Silver City, maybe? That place had a long history of doling out free popcorn and could be your huckleberry. But if we had to make one guess, we'd go with Big Red's (1981-'82) or the Peppermill, which it transformed into and remained until 1989.
Yes, there was a Peppermill casino -- not the same place as the Peppermill restaurant that's still operating today -- back in the early '80s that very much fits your description, even though it was a bit farther south (across from the old Stardust). Located in the strip mall that still stands at the Strip and Convention Center Dr., it had a big red sign (as did its predecessor) and made its bones by bringing players in with coupon offers for cheap and even free meals. Anthony Curtis says it was on every scuffler's route, because of the coupons-for-food component. He remembers a free breakfast as being one of the key offers:
"It was a scrambled-eggs-and-hash-browns kinda thing," says A.C. "Not great, but free, and there were $1 matchplays for after."
After the Peppermill, it became a casino called Dan's Royal Flush, and later it was CBS Sports World until getting into a legal entanglement for using CBS and becoming, simply, Sports World until closing in 2001.