Parko Paliatso was established in 1999 by Vali Amusements Ltd, offering fun, excitement and entertainment to adults and children. The funfair is the biggest in Cyprus built on a 30,000 square meter land, with a parking area ready to host up to 300 cars at a time. The park has more than 25 different attractions. The biggest and most popular attraction is the Sling Shot, the highest ejection seat ride in Europe.
In 2010, the park acquired a 45 meter height Giant Wheel.

Vali Amusements expanded its business opening another park in Protaras area, at Cavo Greco Avenue, called Protaras Fun Park. It’s a smaller park however it provides lots of fun rides for the whole family.

During Christmas holidays Paramythoupoli and Christmas Land operate usually between November to January. The first one takes place in Nicosia and the second one in Larnaca.

Parko Paliatso is usually closed between late October to April, however its indoor playground and restaurant are open and used for birthday parties and other events.