Palace Entertainment is an American amusement and entertainment company owned by Parques Reunidos. The company was established in 1998 after the acquisition of four independently owned family entertainment companies with the five brands Camelot Parks, Palace Park, Boomers!, Grand Prix Race-O-Rama and Family Fun Center, by Spanish amusement company Parques Reunidos. The company currently operates 40 amusement parks, water parks, and family entertainment centers throughout the United States.
On February 27, 2006, it was announced that MidOcean Partners was to acquire Palace Entertainment. The closing of this transaction occurred in the second quarter 2006.