Exhibit 99.1

Morton’s Restaurant Group, Inc. Reports Results for Second Quarter 2011

- Second Quarter Revenues Increased 10.7% to $78.0 Million from $70.5 Million –

- Revenues for Morton’s Comparable Restaurants Increased 8.2% –

- Company Provides Guidance for Fiscal Third Quarter and Revised Full Year 2011 –

CHICAGO--(BUSINESS WIRE)--July 28, 2011--Morton’s Restaurant Group, Inc. (NYSE: MRT) today reported unaudited financial results for its fiscal 2011 second quarter ended July 3, 2011.

Financial results for the three month period ended July 3, 2011, compared to the three month period ended July 4, 2010

• Revenues increased 10.7% to $78.0 million from $70.5 million.
• Comparable restaurant revenues for Morton’s steakhouses increased 8.2%.
• Income from continuing operations attributable to controlling interest was $0.7 million, or $0.04 per diluted share, for the three month period ended July 3, 2011, compared to $0.3 million, or $0.02 per diluted share, for the three month period ended July 4, 2010.
• The three month period ended July 3, 2011 included a charge of $0.2 million, or $0.01 per diluted share, relating to professional fees associated with the previously announced exploration of strategic alternatives.
• Adjusted income from continuing operations was $0.9 million, or $0.05 per diluted share, for the three month period ended July 3, 2011, compared to $0.3 million, or $0.02 per diluted share, for the three month period ended July 4, 2010. Refer to the reconciliation of adjusted income from continuing operations to GAAP income from continuing operations in the tables that follow for additional details.

Financial results for the six month period ended July 3, 2011, compared to the six month period ended July 4, 2010

• Revenues increased 10.1% to $160.5 million from $145.8 million.
• Comparable restaurant revenues for Morton’s steakhouses increased 7.8%.
• Income from continuing operations attributable to controlling interest was $2.8 million, or $0.16 per diluted share, for the six month period ended July 3, 2011, compared to $1.5 million, or $0.09 per diluted share, for the six month period ended July 4, 2010.
• The six month period ended July 3, 2011 included a charge of $0.9 million, or $0.05 per diluted share, relating to the settlement of certain wage and hour and similar labor claims as well as relating to professional fees associated with the previously announced exploration of strategic alternatives. The six month period ended July 4, 2010 included a final mark-to-market adjustment of $0.5 million, or $0.03 per diluted share, related to the Company’s convertible preferred shares issued in connection with the fiscal 2009 settlement of certain wage and hour litigation.
• Adjusted income from continuing operations was $3.7 million, or $0.21 per diluted share, for the six month period ended July 3, 2011, compared to $2.0 million, or $0.12 per diluted share, for the six month period ended July 4, 2010. Refer to the reconciliation of adjusted income from continuing operations to GAAP income from continuing operations in the tables that follow for additional details.

“We are pleased to report a strong second quarter, with comparable restaurant revenue up by 8.2%, reflecting our sixth consecutive quarter with positive comparable revenues,” said Christopher J. Artinian, President and Chief Executive Officer of Morton's Restaurant Group, Inc. “We also experienced an increase in overall traffic during the quarter, and our higher sales volumes were accompanied by expanded operating margins. In addition, business travel continues to trend positively, as evidenced by our increased traffic in convention markets. We remain well positioned to continue to grow our world recognized brand both domestically and internationally, especially in Asia. I remain especially proud of our employees who set the bar so high and consistently deliver the Morton's Gold Standard experience to our guests, and who take such pride in serving ‘The Best Steak Anywhere!’”

Fiscal 2011 Financial Guidance

Actual results could differ materially from the guidance provided herein as a result of numerous factors, many of which are beyond the Company’s control and are highly dependent upon overall economic conditions. Please refer to the “Cautionary Note on Forward-Looking Statements” later in this press release in conjunction with this guidance.

The Company currently expects the following financial results for the third fiscal quarter of 2011:

• Revenues to range between $71 million and $73 million;
• Comparable restaurant revenues to increase approximately 6% to 7% as compared to the third quarter of fiscal 2010;
• Diluted loss per share from continuing operations of approximately $(0.10) to $(0.12), excluding professional fees associated with the previously announced exploration of strategic alternatives; and
• An estimated effective tax rate that is not expected to exceed 21%.

The Company currently expects the following financial results for the full year fiscal 2011:

• Revenues to range between $320 million and $323 million;
• Comparable restaurant revenues to increase approximately 6% to 8% as compared to the full year fiscal 2010;
• Diluted income per share from continuing operations of approximately $0.45 to $0.49, excluding expenses relating to the settlement of certain wage and hour and similar labor claims as well as professional fees associated with the previously announced exploration of strategic alternatives; and
• An estimated effective tax rate that is not expected to exceed 21%.

Development Activity

During fiscal year 2011, the Company expects to retrofit up to four Morton’s steakhouses to include a Bar 12●21, two of which were completed in the first quarter of fiscal 2011 and one which was completed more recently in our Singapore restaurant. In addition, we opened a new Morton's steakhouse on February 24, 2011 in the Uptown area of Dallas, TX, which also includes a Bar 12●21 and have entered into a lease to open a new Morton's steakhouse in the Tyson’s Corner area of Vienna, Virginia.

Conference Call

A conference call and webcast has been scheduled for 5:00 p.m. EDT today to discuss these results. Details of the conference call are as follows:

Alternatively, the conference call will be available via webcast at www.mortons.com under the “Investor Relations” tab.

About the Company

Morton’s Restaurant Group, Inc. is the world's largest operator of company-owned upscale steakhouses. Morton's steakhouses have remained true to our founders' original vision of combining generous portions of high quality food, prepared to exacting standards, with exceptional service in an enjoyable dining environment. As of July 28, 2011, the Company owned and operated 77 Morton's steakhouses located in 64 cities across 26 states, Puerto Rico and 6 international locations (Hong Kong, Macau, Shanghai, Mexico City, Singapore and Toronto), as well as Trevi, our Italian restaurant, which is located next to the 'Fountain of the Gods' at The Forum Shops at Caesars Palace in Las Vegas, NV. Please visit our Morton’s website at www.mortons.com.

CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS

Except for the historical information contained in this news release, the matters addressed are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements, written, oral or otherwise made, represent the Company's expectation or belief concerning future events. Without limiting the foregoing, the words "believes," "thinks," "anticipates," "estimates," "plans," "expects" and similar expressions are intended to identify forward-looking statements. The Company cautions that forward-looking statements are subject to risks, uncertainties, assumptions and other important factors that could cause actual results to differ materially, or otherwise, from those expressed or implied in the forward-looking statements, including, without limitation, (i) a reduction in consumer and/or business spending in one or more of the Company’s markets due to business layoffs, budget reductions, or negative consumer sentiment, (ii) risks relating to the restaurant industry and the Company’s business, including competition, changes in consumer tastes and preferences, the Company's ability to maintain adequate financing facilities, the Company’s liquidity and capital resources, prevailing interest rates and legal and regulatory matters, (iii) public health issues, including, without limitation risks relating to the spread of pandemic diseases, (iv) risks regarding the timing or whether the Company will elect to pursue any of the strategic alternatives it may consider, or that any such alternatives will result in changes to the Company's business plan or a sale of the Company and (v) other risks detailed from time to time in the Company's most recent Form 10-K, Forms 10-Q and other reports filed with the Securities and Exchange Commission. Other unknown or unpredictable factors also could harm the Company's business, financial condition and results. Consequently, there can be no assurance that actual results or developments anticipated by the Company will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Company. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable securities laws.

CONTACT:
Ronald M. DiNella, Senior Vice President, Chief Financial Officer,
Morton’s Restaurant Group, Inc.
(312) 923-0030