CITY OF DREAMS HOTEL CASINO www . cityofdreamsmacau . com The City of Dreams Hotel Casino is often referred to as the “ Las Vegas of the East ”. Located in Macau , China , Express places its construction cost at $ 2.53bn . Owned by Melco Resorts & Entertainment Limited , it is one of the region ’ s leading leisure destinations . The company receives the greatest support from Melco International Development Limited , its greatest shareholder , chaired by Lawrence Ho . According to Macau Tripping , the construction took three years , spanning from 2006 to mid-2009 . Maxim Recruitment names Macau the second most expensive Asian city to build in ( behind Hong Kong ), pointing to a recent particular demand for the construction of casinos and hotels .