In the 1900s, Palace Playland's startup decade, the then-small amusement park centered on a roller skating rink and adjacent merry-go-round.

In the 1950s, Palace Playland was operated by future banker and philanthropist Bernard Osher, a Maine native.

In the 1970s and 1980s, Palace Playland was noted for operating a 1910 Philadelphia Toboggan Company carousel, PTC #19; however, in 1996, the valuable antique was withdrawn from service and moved to Ohio.

The Playland has positioned itself as a provider of amusement-park-experience services to French-speaking residents of Quebec, including offering a webpage in French.

[4] Palace Playland is located directly on the waterfront, across Maine State Route 9 from the Old Orchard Beach Downeaster passenger railroad station.