City of Dreams (casino) a visit by Matthew Marsh to the Fountain of Hope, a Macau-based non-profits home in November 2008. 1,400 guest rooms and suites: City of Dreams (casino) City of Dreams () is a resort and casino in Cotai, Macau, China. It is built, owned and managed by Melco Crown Entertainment, formerly known as Melco PBL Entertainment. City of Dreams is Melco's second mega-sized property in Macau. It is located directly opposite The Venetian Macao, the first property in Cotai, opened by Las Vegas Sands Corp. City of Dreams, also known as CoD or CoD Macau, is in the style of a
James Packer In October 2008, Packer wrote down his final 25% stake in PBL Media to zero. By the end of 2012, debt from CVC's acquisition had overwhelmed Channel Nine and US hedge funds ousted CVC, taking complete ownership. Packer was a director of Australian Telecommunications company One.Tel, which was declared insolvent during May 2001. The collapse of One.Tel cost PBL 327 million. Packer admitted at a PBL annual general meeting that he had learned "painful lessons" from the collapse of One.Tel. Later at the liquidator's inquiry over the collapse he denied that he was apologising for his own personal conduct; instead,