Daniel R. Lee

DANIEL R. LEE, Chief Financial Officer and Treasurer of Mirage Resorts,
graduated from Cornell’s School of Hotel Administration in 1977. Mr. Lee
became an Operations Analyst for Hilton International, based in San
Juan, Puerto Rico, then returned to Cornell, receiving an MBA from its
graduate business school in 1980. Combining his background with the MBA,
he joined the Wall Street firm of Drexel Burnham Lambert as its research
analyst for the hospitality industries. In his ten years with Drexel, he
was recognized numerous times for his industry research and was an
integral part of the team that provided much of the financing during the
mid-80s for the lodging and casino industries. He became a Managing
Director of Drexel in 1989. In 1990, Mr. Lee joined First Boston as a
Director of Equity Research and continued his advisory and capital-
raising activities for the industry. Mr. Lee joined Mirage Resorts in
February 1992 as its Senior Vice President-Finance and Development. In
September 1992, he was also named Chief Financial Officer and Treasurer.
Over the past seven years, Mr. Lee has overseen the dramatic revamping
of Mirage’s balance sheet and participated in the planning and execution
of the Company’s growth. The market capitalization of the company’s
stock has risen eight-fold since Mr. Lee joined the company five years
ago, to $4.0 billion. Mr. Lee has also overseen the financing of
Mirage’s $3 billion of projects now in development or under
construction. Mr. Lee lives in Las Vegas. He is a Chartered Financial
Analyst and a member of the Cornell Society of Hotelmen. He enjoys
skiing, bicycling and flying his own airplane.