The majestic Palais Theatre, located right next door to Melbourne Luna Park, is the grande dame of Australian Theatres. It seats 2,896 patrons and has played host to some of the most respected names in entertainment. Music, comedy, theatre, dance, films, and fundraisers all have a place at the Palais Theatre. Ever watched the Melbourne Comedy Festival Gala on TV? That's the Palais Theatre. Much like visiting a wealthy, elderly aunt, you will want to don your Sunday best for a night at the Palais Theatre: she's a grand old lass who deserves respect.