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 the international gaming and tourism business. Given changes in media due to the Internet and pay-TV, Packer was concerned about the future of free-to-air television. On 17 October 2006, Packer's team finalised a deal to sell 50% of the media assets—which also included a 50% stake in web portal Ninemsn and a 51% stake in Carsales—to private equity group CVC Asia Pacific for 4.5 billion, plus an additional A$1 billion in equity in the new company, which would be called PBL Media. In June 2007, Packer sold another 25% share of the joint-venture PBL Media to CVC for $515 million.