Hollywood in Vegas
To go with the blue and red theme, the suite we would like to stay in is here.  It says it will fit 25 people for the cake and champagne, but it looks like it would be standing room only.
http://www.mgmgrand.com/hotel/hollywood-suites.aspx

I have looked at a couple of different restaurants, one looks red themed and is in the MGM Grand. 
http://www.mgmgrand.com/restaurants/diego-mexican-restaurant.aspx

They do plated dinners or family style.  Yummy!