Its largest subsidiary is the Detroit Pistons of the National Basketball Association.
Its current structure dates from 1988, when the Pistons moved to a new arena, The Palace of Auburn Hills.
PS&E also owns and/or operates several venues, including the Pine Knob Music Theatre in Clarkston, Michigan, and the Meadow Brook Amphitheatre on the Oakland University.
On October 8, 2017, in the wake of the closure of The Palace of Auburn Hills in favor of Little Caesars Arena, Palace Sports & Entertainment announced a joint venture with Olympia Entertainment, owner of the National Hockey League's Detroit Red Wings.
The venture, known as 313 Presents, assumed responsibility for entertainment booking, production, media relations, and promotion of the two companies' venues.