. >> bill ackman doubling down on howard hughes increasing its stake to nearly 25% of the real estatepany the stock up over 12% this year alone as the company tries to cash in on what it hopes will be a continued exodus to lower tax, warmer weather states like texas and nevada howard hughes is not a new position for ackman. here he is in 2017 at the investment conference. >> we've retained our stake in howard hughes and never sold a share. we never talked publicly about the company. the question is why now? the answer is i think this is one of the most attractive times in the history of the company to invest >> all right we'll take a look now at the real estate side of this deal. let's start with leslie picker who has more on the details of ackman's trade and stake in the company. >> that's right. this is a company ackman has been involved with for over a decade his pcompany is the biggest share. induced migration with developments in texas, suburban maryland, even honolulu, 2 million square feet in all but during the first half of 2020 howard hughes was actually pershing square's big

by 1967, howard hughes came into the state of nevada and one of the effects of hughes in the state of nevada was that it legitimized gaming operations. by 1974, harrah's had gone public on the stock exchange. that heralded the new era of gaming throughout nevada and eventually, of course, throughout the united states aired -- united states. what we have here are things from our educational collection , which allows people to look at things, physically hold them, handle them. the purpose is to gather, protect, and present the history of gaming. and so this allows us to give demonstrations of various types of, in this instance, things that are considered to be special work or cheating devices. i take a magnet here, i have a dice cube. it is what they call magnetic dice. it can sometimes also work in an opposite direction. this is a magnetized lead ball. as you can see, it will stick to the magnet. this is an unprocessed dice cube out of the 20's. and this cube here is very interesting because it is what you call a tap die. it has not been spotted yet, but you can see there is a mechanic

know iraq it 1st well they're not government so they can pretty much too mean you can go back to howard hughes in airplanes or the wright brothers i mean there's always you know against people with of money in a dream how much do you want to know i mean i'm pretty much taking a break from twitter now but the university much puts himself out there and twitter and the u.s. debt ceiling that sets that ceiling these us is a far more private person branson somewhere in the middle he lets you know what he's doing to a certain extent with or is going into space or selling goods on the internet or electric cars or any other imaginative business usually you have somebody at the top who is sort of the being embodiment of what the companies about we had a previous discussion talked about what basis would be doing just to be both the company probably just will spend an hour or less every day looking at spreadsheets and so forth you know we talk about the dreams that these wealthy people have but what's the reality in terms of technology i mean we're still years away from mass space tourism are we. yeah we

iraq it 1st well they're not government so they can pretty much too i mean you could go back to howard hughes in airplanes or the wright brothers i mean there's always you know against people with of money in a dream how much do you want to know i mean even on pretty much taking a break from twitter now but even pretty much puts himself out there twitter i mean that's not sealant that sets that ceiling these us is a far more private person branson somewhere in the middle he lets you know what he's doing to a certain extent whether it's going into space or selling goods on the internet or electric cars or any other imaginative business usually you have somebody at the top who is sort of the main embodiment of what the company's about we had the previous discussion talked about what basis would be doing just to be a vote of the company he probably just will spend an hour or less every day looking at spreadsheets and so forth you know we talk about the dreams that these wealthy people have but what's the reality in terms of technology i mean we're still years away from mass space tourism are we.

know iraq it 1st well they're not government so they can pretty much too mean you can go back to howard hughes in airplanes or the wright brothers i mean there's always you know against people with money in a dream how much do you want to know i mean on pretty much taking a break from twitter now but the university much puts himself out there twitter and the u.s. debt ceiling that sets that ceiling these us is a far more private person branson somewhere in the middle he lets you know what he's doing to a certain extent with or is going into space where selling goods on the internet where electric cars or any other imaginative business usually you have somebody at the top who is sort of the main embodiment of what the company's about we had a previous discussion talked about what basis would be doing does that mean both the company probably just will spend an hour or less every day looking at spreadsheets and so forth you know we talk about the dreams that these wealthy people have but what's the reality in terms of technology i mean we're still years away from mass space tourism are we. yeah w

know iraq it 1st well they're not government so they can pretty much too mean you can go back to howard hughes in airplanes or the wright brothers i mean there's always you know against people with of money in a dream how much do you want to know i mean even on pretty much taking a break from twitter now but even pretty much puts himself out there in twitter i mean that's not seal and that sets that seal and these us is a far more private person branson somewhere in the middle he lets you know what he's doing to a certain extent with or is going into space or selling goods on the internet or electric cars or any other imaginative business usually you have somebody at the top who is sort of the being embodiment of what the company is about we had a previous discussion talked about what basis would be doing just to be in both the company he probably just will spend an hour or less every day looking at spreadsheets and so forth you know we talk about the dreams that these wealthy people have but what's the reality in terms of technology i mean we're still years away from mass space tourism are we