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'Wynn (WYNN) Creates an Aspirational Product,' Morgan Stanley's Allen Tells CNBC

NEW YORK (TheStreet) --Wynn Resorts (WYNN) has opened its doors to the new Wynn Palace in Macau, the only region where gambling is permissible in China. Morgan Stanley (MS) analyst Thomas Allen has an "overweight" rating on Wynn Resorts and joined Monday afternoon's CNBC "Fast Money Halftime Report" to break down the stock.

"We've been a bit more bullish on Wynn and more bullish on the market and it's not without risk. Our call on Wynn is about taking market share more than anything else. I think what people have to remember is Wynn...