Exhibit 99.1

                Ark Restaurants Announces Declaration of Dividend


     NEW   YORK--(BUSINESS   WIRE)--Oct.   10,   2006--Ark   Restaurants   Corp.
(NASDAQ:ARKR)  announced today that the Board of Directors  declared its regular
quarterly  dividend of 35 cents per share on the  Company's  common  stock to be
paid on November 1, 2006 to  shareholders  of record at the close of business on
October 20, 2006.

     Ark  Restaurants  owns and operates 22  restaurants  and bars, 28 fast food
concepts,   catering  operations  and  wholesale  and  retail  bakeries.   Seven
restaurants are located in New York City, four are located in Washington,  D.C.,
nine are located in Las Vegas,  Nevada,  two are located in Atlantic  City,  New
Jersey and one is located at the Foxwoods Resort Casino in Ledyard, Connecticut.
The Las Vegas operations  include three restaurants within the New York-New York
Hotel & Casino  Resort  and  operation  of the  hotel's  room  service,  banquet
facilities,  employee dining room and nine food court concepts; four restaurants
and bars within the Venetian  Casino Resort as well as four food court concepts.
In Las Vegas, the Company also owns and operates one restaurant within the Forum
Shops at Caesar's  Shopping  Center.  The Florida  operations  under  management
include  five  fast  food  facilities  in Tampa,  Florida  and  eight  fast food
facilities in Hollywood,  Florida, each at a Hard Rock Hotel and Casino operated
by the Seminole Indian Tribe at these  locations.  In Atlantic City, New Jersey,
the Company  operates a restaurant and a bar in the Resorts  Atlantic City Hotel
and Casino.

     Except   for   historical   information,   this   news   release   contains
forward-looking statements,  which involve unknown risks, and uncertainties that
may cause the Company's  actual  results or outcomes to be materially  different
from those anticipated and discussed herein.  Important factors that might cause
such differences are discussed in the Company's fillings with the Securities and
Exchange Commission.


     CONTACT: Ark Restaurants Corp.
              Robert Towers, 212-206-8800
              bob@arkrestaurants.com