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
NOTE:
You can create VIRTUAL LAN using this software and can play MULTI-PLAYER games on your phone & laptops