Svenska Spel included brokerage in ‘shadow gaming’ figures

first_img Topics: Legal & compliance Lottery Tags: Mobile Online Gambling Svenska Spel included brokerage in ‘shadow gaming’ figures 23rd June 2020 | By contenteditor Legal & compliance Subscribe to the iGaming newsletter Regions: Europe Nordics Sweden Svenska Spel included revenues from licensed resellers and couriers in the global figures it quoted as attributable to “shadow gaming” companies when it launched its recent attack on the lottery betting industry, iGB has learned. Svenska Spel included the revenues of licensed resellers and couriers in the global figures it quoted as attributable to “shadow gaming” companies when it launched its recent attack on the lottery betting industry, iGB has learned.On June 8, Patrik Hofbauer, president and chief executive of Swedish lottery operator Svenska Spel, called for a ban on betting on lotteries in Sweden.A post on the lottery monopoly’s corporate website described “shadow play” as “betting on the outcome of another gaming company lottery”.The post originally went on to say: “A new report estimates that shadow gaming companies have almost 40% of the European lottery market online.”However, on Thursday (June 18), the post was amended following questions iGB put to Svenska Spel about the source and accuracy of the figures quoted in the post and a subsequent webinar.It now states: “A new report estimates that shadow gaming companies have about 35% of the global lottery market online.”At all times the post has also stated: “The shadow gaming companies’ gross gaming revenues were estimated at €1.25bn – €1.5bn in 2019.”Shortly afterwards, lottery betting firm Lottoland questioned Svenska Spel’s figures, with CEO Nigel Birrell describing them as “purely fictional and delivered with the intent of creating distractions and noise”.Birrell released revenue figures from Lottoland’s Swedish operations and said the company’s revenue amounted to just 0.8% of Svenska Spel’s in Q1.Svenska Spel declined to publish the report its post was based on to allow for scrutiny of the claims made.However, iGB has now learned that the €1.25bn to €1.5bn quoted includes not only those companies operating lottery betting models, as the post would seem to imply, but all websites in the online lottery market that aren’t those of official lotteries.This includes licensed resellers, brokerage, messengers and other forms of synthetic lottery – approximately 150 to 175 websites.Though Svenska claimed in its post that the growing revenues of shadow gaming companies, “means less money for society and for lotteries that support non-profit activities”, some of the websites included within its total work directly with state lotteries, with the appropriate funds going to good causes as per the state lottery’s processes.Examples of this include Zeal Network’s Tipp24, which sells online lottery tickets as an official partner to the German Association of State Lottery Companies.Despite lottery betting being a higher margin area of business, Zeal Network moved away from the model last year in favour of the brokerage model, believing that over time this would prove more lucrative.Other examples include Jumbo Interactive, an official reseller of tickets for Australia’s Tabcorp, and Jackpocket, which now has a courier licence to operate a messenger service in New Jersey and also operates legally in other US states.When asked how licensed resellers such as those mentioned above could be considered shadow companies, Svenska Spel simply said: “We have never referred to these companies as ‘shadow companies’, but ‘shadow gaming companies’ – which only means that it’s a company providing shadow gaming.“Our concern is that shadow gaming companies are taking market share from Swedish lotteries for good causes and society.” AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

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HF Group Limited (HFCK.ke) 2014 Annual Report

first_imgHF Group Limited (HFCK.ke) listed on the Nairobi Securities Exchange under the Property sector has released it’s 2014 annual report.For more information about HF Group Limited (HFCK.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the HF Group Limited (HFCK.ke) company page on AfricanFinancials.Document: HF Group Limited (HFCK.ke)  2014 annual report.Company ProfileHF Group Limited formerly (Housing Finance Limited) is a financial services group with interests in mortgage lending, corporate and retail banking, property development and a bancassurance business. Its product and service offering ranges from transactional banking products to financial services for micro-enterprises, group banking, agricultural and small-to-medium enterprises. HF Group offers asset finance services, micro-credit loans and loans for anything from solar water heating systems to mortgage finance. The company also has interests in developing and selling residential houses and offers insurance agency services. Formerly known as HF Group Limited, the company changed its name to HF Group Plc in 2017. Its head office is in Nairobi, Kenya. HF Group Limited is listed on the Nairobi Securities Exchangelast_img read more

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United Bank for Africa PLC (UBA.ng) HY2017 Interim Report

first_imgUnited Bank for Africa PLC (UBA.ng) listed on the Nigerian Stock Exchange under the Banking sector has released it’s 2017 interim results for the half year.For more information about United Bank for Africa PLC (UBA.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the United Bank for Africa PLC (UBA.ng) company page on AfricanFinancials.Document: United Bank for Africa PLC (UBA.ng)  2017 interim results for the half year.Company ProfileUnited Bank of Africa Plc is a financial services institution in Nigeria offering banking products and services to the personal, commercial and corporate sectors. The company provides a full-service product offering ranging from transactional accounts, overdrafts and mortgage finance to domiciliary deposits, treasury services, asset management services, bonds, money market deposits and risk management solutions. United Bank of Africa Plc supports the agricultural sector through an agricultural credit support scheme which includes agro processing, an outgrowers scheme, equipment and mechanisation scheme and a tree crops replacement scheme. Founded in 1948, the company  now has an extensive network of some 1 000 branches in the major towns and cities of Nigeria. Its head office is in Lagos, Nigeria. United Bank of Africa Plc is listed on the Nigerian Stock Exchangelast_img read more

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Tony Poderis on the fundraising responsibilities of trustees

first_img  18 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Trustees “should not expect, or demand, that others do what is their job”, he argues. Tagged with: Management About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Howard Lake | 21 September 2004 | Newscenter_img American fundraising consultant Tony Poderis believes that an organisation’s trustees must take responsibility for fundraising “by giving and getting most of the money” that the organisation requires.Tony expands on his argument in the latest article on his long-running and advice-packed Web site raise-funds.com. He asks the question “Who Should Raise The MoneyFrom Within Your Organisation?” In short, it is the trustees, and not just the salaried fundraisers.He asks the question because “in recent years I have seen more and more non-profit organisations place the burden for fundraising gift solicitation on the shoulders of executive directors and development staff.” This has lead many of these organisations to experience “many serious and damaging consequences”, in his view. Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tony Poderis on the fundraising responsibilities of trusteeslast_img read more

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TimeBank shortlisted for website and integrated campaign awards from PR institute

first_imgTimeBank shortlisted for website and integrated campaign awards from PR institute Tagged with: Awards Howard Lake | 26 April 2006 | News TimeBank has been confirmed as one of three charities to be short-listed in two categories for the Chartered Institute of Public Relations (CIPR) Awards 2006.TimeBank’s website was one of the top ten Yahoo! Finds of the Year in 2005 and was selected as a ‘cream of the crop’ site in a Guardian poll in 2004. The website was revamped and given a new look to celebrate the charity’s 5th anniversary in October 2005. The Get On Board campaign encouraged younger professionals and more people from ethnic minorities to become charity trustees, achieving widespread coverage in national, regional, trade and ethnic media. The charity also formed a media partnership with the Ethnic Media Group, publishers of New Nation and Eastern Eye. Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThiscenter_img  28 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. This year the CIPR Awards received a record 724 entries in 26 award categories. Winners will be announced on 3rd July 2006.last_img read more

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Ethanol Production Drops to Lowest Level in Five Years

first_img Facebook Twitter Ethanol Production Drops to Lowest Level in Five Years Previous articleHoosier Ag This Week Podcast for February 20th, 2021Next articleTexas Agriculture Devastated by Winter Storm NAFB News Service SHARE Home Indiana Agriculture News Ethanol Production Drops to Lowest Level in Five Years During the week ending on February 12, the Energy Information Administration announced that ethanol production dropped to its lowest level in five months while stockpiles grew. The EIA report says that ethanol production fell to 911,000 barrels per day, down from 937,000 barrels a day during the prior week. That’s the lowest production level since late September.A Successful Farming report says the Midwest, which produces the most ethanol of any region in the country, saw its production drop to 868,000 barrels a day. That’s a drop from the 895,000 per day from the previous week and the lowest output level since late September.The East Coast and Gulf Coast regions stayed at an average of 12,000 barrels per day, while the Rocky Mountain and West Coast production levels were unchanged at 9,000 barrels per day, on average, according to the EIA.Stockpiles increased to 24.297 million barrels in the seven days ending on February 12.In other news the ethanol industry won’t like, the Environmental Protection Agency says that all 16 petitions from small refineries that would exempt them from meeting blending obligations under the Renewable Fuel Standard from 2020 are still pending. In total, 66 petitions that date back as far as 2011 are still pending. By NAFB News Service – Feb 21, 2021 Facebook Twitter SHARElast_img read more

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Recession seen as main block to students chosen career

first_imgLinkedin WhatsApp Facebook IN a recent survey, 75% of students from Limerick cited the ‘prolonged recession’ as the main obstacle standing in the way of their chosen career.Other findings were: 50% of students  believe that school is harder for them than it was for their parents.• 25%  surveyed from Limerick do not feel part of the community where they live.Sign up for the weekly Limerick Post newsletter Sign Up • 33% of participants from Limerick selected medicine, pharmacy or dentistry as their first choice career preference.The students were asked to recount recent events from their community or country which made them proud. More than 100 referenced Irish sporting successes such as Katie Taylor’s Olympic gold medal, individual county GAA triumphs or the success of the Irish Paralympic team as the reasons for creating a sense of pride for them.  A number of students indicated that they were proud of Ireland’s ability to cope with the economic downturn.In the survey commissioned by the BT Young Scientist & Technology Exhibition, the clear message was that students desperately want their opinions and ideas to be heard.  Over 200, aged between 12 and 19, from across the island of Ireland participated in the survey, which showed that more than 70%   feel that adults today do not value their opinions.When asked whether they thought school was harder for their parents or themselves, 65% of those surveyed maintain that school today is harder for students with an increased amount of pressure to get an excellent leaving certificate and to secure a place in university.Over three quarters of the students surveyed believe that schools in urban areas have a distinct edge over their rural counterparts citing funding, facilities and access to universities as the main advantages. National notable findings included:• 59% of students maintain that money is the biggest barrier to going on to 3rd level education with 33% of those surveyed citing getting the grades required as an obstacle to attending university· 80% of those surveyed selected ‘online’ as the main source they receive their information from above books (9%), television (7%) and radio (2%)*·  66% of participants  disclosed that they are not encouraged down a route of entrepreneurship with the traditional professions still largely endorsed.Meanwhile, students are being called on to enter the BT Young Scientist & Technology Exhibition by Monday, October 1, and showcase their ideas for a better future to the public. Advertisement NewsLocal NewsRecession seen as main block to students chosen careerBy admin – September 24, 2012 599 center_img Email Print Twitter Previous article‘Marilyn Monroe Airlines – Always Late and Unreliable’Next articleLetters of the week adminlast_img read more

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Survey: Default Rates Expected to Grow

first_img Previous: Smaller Cities Winning Big in Rental Demand Next: Former Wells Fargo CEO Banned From Banking Sign up for DS News Daily Survey: Default Rates Expected to Grow Overall U.S. delinquency rates are at an all-time low at 3.6%, but according to the Annual Report on the State of the Default Servicing Industry from Altisource, servicing professionals expect the rates for certain loan types to grow—specifically FHA and private lender loans.Of the servicing professionals Altisource surveyed, 90% cited that their organization currently services FHA loans, up from 87% in 2018. Additionally, 80% expect their FHA loan portfolio to increase over the next 12 to 24 months and 85% (up from 77% in 2018) expect the increase to be more than 25%.“The survey uncovered many industry insights, including vendor management challenges and the importance of online auctions as a disposition tool,” said Patrick G. McClain, VP, Enterprise Sales for Altisource. “With historically low delinquency rates, we may see a higher rate of FHA defaults in markets experiencing economic turmoil with little housing liquidity, such as rural areas. In addition, servicers are using a single-vendor approach to manage multiple pieces of the default lifecycle to help mitigate losses and streamline efforts.”Vendor performance is becoming increasingly challenging as portfolios shift to rural areas and vendor pools for distressed loans and properties continue to diminish during this strong economic environment. Nearly one-quarter (22%) of servicing professionals surveyed said their biggest challenge when managing vendors is vendor performance; 17% cited costs and another 17% cited strategic alignment. When evaluating a vendor to manage their default portfolio, a significant majority of servicing professionals surveyed (96%) said property preservation and inspection is a leading consideration; 95% pointed to end-to-end default disposition capabilities and 94% cited a strong marketing platform/marketing scale.“Due to the increasingly complex requirements around vendor management and vendor oversight, servicers are looking to vendors that can manage multiple pieces of the default lifecycle (i.e., REO asset management, property inspection and auction services) and that can seamlessly integrate with their current technology platforms,” Altisource said. “An overwhelming majority of servicing professionals surveyed (94%) said their organization is likely to select a single-vendor approach to managing the default lifecycle.”More servicers are using online auctions, up to 89% from 76% in 2018 as part of their long-term strategy for asset disposition and 72% would like to do more online auctions (up from 50% in 2018).  Print This Post Related Articles Home / Daily Dose / Survey: Default Rates Expected to Grow Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribecenter_img default Delinquency FHA 2020-01-23 Seth Welborn Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago January 23, 2020 1,966 Views About Author: Seth Welborn Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: default Delinquency FHA Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Investment, News Demand Propels Home Prices Upward 2 days agolast_img read more

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Mirzapur Series: Allahabad High Court Stays Arrest Of Directors & Writers Of The Series

first_imgNews UpdatesMirzapur Series: Allahabad High Court Stays Arrest Of Directors & Writers Of The Series Sparsh Upadhyay18 Feb 2021 8:37 PMShare This – xThe Allahabad High Court on Thursday (18th February) stayed the arrest of ‘Mirzapur Series’ Directors and Writers namely Karan Anshuman, Gurmeet Singh, Puneet Krishna and Vineet Krishna. While staying the arrest, the Bench of Justice Pritinker Diwaker and Justice Deepak Verma also issued a notice to the state government and the complainant in the matter seeking their reply.The…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Allahabad High Court on Thursday (18th February) stayed the arrest of ‘Mirzapur Series’ Directors and Writers namely Karan Anshuman, Gurmeet Singh, Puneet Krishna and Vineet Krishna. While staying the arrest, the Bench of Justice Pritinker Diwaker and Justice Deepak Verma also issued a notice to the state government and the complainant in the matter seeking their reply.The matter before the CourtThis writ plea was filed by the petitioners (Karan Anshuman, Gurmeet Singh, Puneet Krishna and Vineet Krishna) seeking quashing of F.I.R. dated 17th January 2021 for the offence under Section 295-A, 504, 505, 34 of IPC & Section 67-A of Information Technology Act, Police Station Kotwali Dehat, District Mirzapur.The background of the matter The aforesaid first information report was lodged against Farhan Akhtar & Ritesh Sidhwani on 17th January 2021 at Kotwali Dehat Police Station (Mirzapur) at the instance of a local Journalist Arvind Chaturvedi for an undated incident. As per the FIR, the primary allegation of the Complainant is that ‘certain’ content in Web Series titled MIRZAPUR depicts the town of Mirzapur (and the places within) as anti-Social and infested with crime and that the Series promotes illicit relationships, abusive language, casteism and portrays a wrong/ polluted picture of the Legal/Judicial System therein. It has been further asserted by the Complainant in the FIR that the portrayal of the town of Mirzapur in such a manner is far away from the reality of life in Mirzapur and thereby has hurt his sentiments. Interestingly, the first informant has also mentioned the fact that some of his friends/acquaintances have started calling him as “Kaaleen Bhaiya” who is the antagonist in the series and is involved in various illegal activities. Submissions put forth The Petitioners before the Court were Karan Anshuman, Gurmeet Singh, Puneet Krishna & Vineet Krishna. While Karan Anshuman and Gurmeet Singh are the directors of the 1st season of the web-series Mirzapur, and the Gurmeet Singh is the director of the second season of the web-series. Also, Karan Anshuman and Vineet Krishna are the writers of the first season and Puneet Krishna is the writer of the second season of Mirzapur. They all submitted before the Court that the said Series is purely a work of fiction, which is specifically clarified in the said Series by way of a disclaimer at the start of each Episode which apprises all its viewers that the said Series respects all faiths and religions and that all places and events in the said Series are completely fictional. It was also submitted that the Series has been created and is exhibited sans any intention whatsoever whether on part of the Petitioners or the professionals associated with the same to hurt religious feelings/sentiments and/or to break the public peace and/or to incite or likely to incite any class or community of persons to commit any offence against any other class or community and/or creating or promoting enmity, hatred or ill will between classes. Further, they argued that the first season of the web-series was released on 16th November 2018 and after a huge success, the second season was launched on 23rd October 2020, and it was after almost 3 months the FIR has been lodged. Importantly, it was argued that the web-series is a fictional work of art and needs to be appreciated in light of the exercise of creative /artistic freedom by its makers as provided under Article 19(1)(a) freedom of trade of the Petitioner and under Article 19(1)(g). It was also contended that what is objectionable must be ascertained from the lens of a reasonable person by applying the community standards test and the community in which the content is found and is seen in fact, does not consider such content as objectionable. Importantly, it has been argued that the impugned FIR is nothing but a cheap publicity stunt by the first informant who is a local journalist in the city of Mirzapur and is seeking political favours from the ruling party. The plea states, “By lodging the impugned FIR the first informant is trying to score political mileage and the fact that the State government is hand in gloves with the first informant is evident from the fact that the FIR was lodged on 17.01.2021 and in a span of four days, on 20.01.2021, a team of police officers were rushed to Mumbai to investigate the matter. Such a quick response in such a frivolous case clearly shows that the respondent no.1 (State of Uttar Pradesh) is equally complicit as far as the lodging of the impugned FIR is concerned.” Lastly, it was prayed in the plea that FIR in Case crime no.0016 of 2021 under section 295-A, 504, 505, 34 IPC AND 67A I.T. Act Police Station Kotwali Dehat, District Mirzapur be quashed.It was also argued that the petitioners have not been named in the F.I.R. and they are on better footing as compared to named accused persons in the F.I.R. Also, a stay on the entire proceedings initiated in the case was also sought along with a prayer that they should not be arrested/harassed the petitioner in pursuance to impugned First Information Report. Here, it is important to note that the Allahabad High Court on Friday (29th January) stayed the arrest of ‘Mirzapur Series’ producers Farhan Akhtar and Ritesh Sidhwani. In this backdrop, the plea by the petitioners has also stated that after the interim order was passed by this Hon’ble Court, the investigating officer sought to expand the scope of the investigation and has issued notice to them in which he has specifically stated that they are also an accused in the present case. The matter was argued by Mr. Manish Tiwary (Senior Adv.) assisted by Syed Imran Ibrahim Mirzapur matter before the Supreme Court In a plea seeking for ban on the Indian web series, “Mirzapur”, the Supreme Court last week issued notices to Amazon Prime Video, Central Government, and Excel Entertainment, producer of the show. A Bench headed by Chief Justice of India SA Bobde heard the matter and proceeded to seek a response from the Respondents. It may be noted that the plea has been moved before the Supreme Court by one Sujeet Kumar Singh, a resident of Mirzapur. He has submitted that his intent to move the plea is to protect the historical and cultural value of the district of Mirzapur located in Uttar Pradesh, and that the web series, by showing vulgar and shameless scenes, attempts to mar the name of the city. By showing every resident of Mirzapur as a “goon, vagabond and adulterer in front of the country”, it is submitted that the web series has “completely tarnished the historical and the cultural image of the city/district”. In light of the above, the plea seeks for a ban on the release of Mirzapur 2, the sequel, and for directions to set up a pre-screening committee for content that is directly released on online platforms. It further prays for censorship of these shows and shows, on par with movies that get censored before releasing in theatres.Case title – Karan Anshuman And 3 Others v. State Of U.P. And 2 OthersClick Here To Download OrderRead OrderNext Storylast_img read more

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Books of condolence in local Garda Stations for Detective Garda Horkan

first_img WhatsApp Previous articleHealth Minister to contact HSE over Donegal’s equipment lossNext articleThree men wanted over ‘vicious’ aggravated burglary News Highland WhatsApp RELATED ARTICLESMORE FROM AUTHOR Pinterest Google+ Pinterest News, Sport and Obituaries on Monday May 24th Derry draw with Pats: Higgins & Thomson Reaction Facebook AudioHomepage BannerNews Twittercenter_img Google+ Twitter DL Debate – 24/05/21 FT Report: Derry City 2 St Pats 2 Journey home will be easier – Paul Hegarty Harps come back to win in Waterford Facebook Books of condolence in local Garda Stations for Detective Garda Horkan Books of condolence are open at Letterkenny, Buncrana, Milford and Ballyshannon Garda Stations for people to pay their respects to Detective Garda Colm Horkan.The 49 year old was shot dead with his own gun in Castlerea, Co. Roscommon late on Wednesday night.A man in his 40s was arrested and remains in Garda custody.Former Mayo Footballer John Casey is a family friend of the Horkan family:Audio Playerhttps://www.highlandradio.com/wp-content/uploads/2020/06/gardalegfhgfhgfhfad9am-2.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. By News Highland – June 19, 2020 last_img read more

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