** Shares of Aristocrat Leisure ALL.AX rise 1.7% to A$68.02
** Morningstar thinks the market is too optimistic about gaming firm's online real-money gaming venture
** Aristocrat is yet to replicate the same competitive strengths enjoyed in gaming machines - Morningstar
** Morningstar says restructuring of its Big Fish games and Plarium divestment underlines co's focus on gambling content, its core strength
** Investment research firm also notes Aristocrat's North American installed base of over 71,000 machines is more than rival Light & Wonder's LNW.AX installed base of about 34,000 units
** Morningstar maintains fair value estimate A$50 and "medium" uncertainty rating
** Stock down 2.2% YTD, including current session's moves
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))
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