Well with WI-FI enabled DEVICES, you could do so….
The m-hotspot is a FREE & extremely easy to work SOFTWARE to create HOTSPOT
The reason I recommend is, ‘coz I personally using it over 1 year
To download the latest version, click here to download
To download the software in your android phone, click here
You can create VIRTUAL LAN using this software and can play MULTI-PLAYER games on your phone & laptops