Drinking place or cabaret centre (3)
I believe the answer is:
bar
'drinking place' is the definition.
'cabaret centre' is the wordplay.
'centre' says to take the centre.
The centre of 'cabaret' is 'BAR'.
'or' is the link.
(Other definitions for bar that I've seen before include "Pub; block (access)" , "Barrier; pressure unit" , "Counter in 21" , "Local" , "Except - lawyers" .)