Sports Arena (Greek: Κλειστό γήπεδο ΠΑΟΚ) is an indoor arena located in Pylaia, Thessaloniki, Greece, and it hosts the men's basketball, women's basketball, men's volleyball and women's volleyball departments of the multi-sports club PAOK.

[2] Most of people usually call the arena "Palatáki" (Greek: "Παλατάκι", which means "little palace"), due to its comforts and modern construction.

Ioannis and his brother, Thanasis Dedeoglou, first began to think about a new major European sports arena in Thessaloniki in 1991, by donating land to PAOK.

A proposal to host the 2000 FIBA EuroLeague Final Four in the new arena, increased the motivation to complete the stadium.

The final was a real feast for the eyes, as it finished with both teams tied at 87 points; it was a great game, in which Barcelona ended up beating PAOK, in overtime, by a score of 102–101.

FC Barcelona (Spain) – Efes Pilsen 69–75 (Turkey) PAOK Sports Arena hosted the 2004–05 CEV Champions League Final Four, which took place from 26 to 27 March 2005.

Artists that have performed at the arena include the Pet Shop Boys, A-ha and Sakis Rouvas.

[5] On the 26th of June, 2023, greek popstar Eleni Foureira performed in the arena as part of her "Reborn" tour, with an attendance of 12,000 people.