It's the largest amusement park in Cyprus built on a 30,000 m2 (7.4 acres) land.

It was established in 1999 by Vali Amusements Ltd.[1] Due to its central location in Ayia Napa, a parking area is available that can host up to 300 cars.

In 2021, Vali Amusements expanded its business opening another park in Protaras area, at Cavo Greco Avenue, called Protaras Fun Park.

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

The biggest and most popular attraction is the 90-metre (300 feet) tall SlingShot, one of the tallest rides in Europe.