It first opened in 1984 as Cade's County Waterpark, and was renamed to Wet'n'Wild in 1987 after a licensing agreement was reached with the chain of Wet 'n Wild water parks overseas.

[5] The company also purchased WaterWorld Safari, investing US$30 million in the park relaunched as Wet'n'Wild Phoenix.

CNL Lifestyle Properties also purchased the rights to the Wet'n'Wild brand in the United States.

[8][9] Village Roadshow Theme Parks continued to operate and hold a majority stake in ownership of Wet'n'Wild Las Vegas.

[11][12] In 2016, Premier Parks purchased independent Wild Water Kingdom in Brampton, Ontario, Canada and renamed it Wet'n'Wild Toronto.