(Bloomberg) -- Melco Crown Entertainment Ltd., a venture between Australian billionaire James Packer and Macau magnate Stanley Ho’s son, said its City of Dreams casino will open in the second quarter of this year. “The worst time has probably gone” for Macau, Chief Executive Officer Lawrence Ho said at a press conference in Macau today. The opening of the USD 2.1 billion project in the world’s largest gambling hub will create about 7,000 jobs, he added.