Macau gambles on tech for its Covid-19 recovery

Macau is betting technology will help the gambling hub recover from a Covid-19 economic slump.

The territory has been badly affected by travel bans as its economy is heavily reliant on gambling.

In June, the city plans to host ‘Beyond’, a technology event loosely modelled on the massive CES trade show in Las Vegas.

The event would also showcase Macau as an alternative to Hong Kong as a gateway to China.

But the date of the tech trade show could be pushed back to October if Covid-19 isn’t under control in time.

The conference is a central government-backed initiative, aimed at closer integration between Guangdong province, Hong Kong and Macau. Unlike CES, which focuses on consumer electronics, the event will also cover areas like life sciences, financial and agricultural technology.

The hosting of a large-scale technology event is another example of how businesses and even economies are pivoting during the pandemic to stay profitable.

Source: https://www.bbc.com/news/business-55420447

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