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THIS RESTAURANT IS CLOSED Dynasty Restaurant Restaurant Review: Dynasty is a Hong Kong-style Chinese restaurant, devoted to large parties. It has three real advantages. Its not very expensive, its in the heart of Waikiki and it stays open late. The menu goes on for 100-plus items. We like the seafood, including the salt-and-pepper prawns and the lobster in black bean sauce. You are probably not going to leave this restaurant dazzled, but you cant go wrong here either.