What is palacio de deportes?

Palacio de Deportes is an indoor sports arena located in Madrid, Spain. It was inaugurated in 1960 and has a capacity of 15,000 spectators. The arena is used for a variety of events, including basketball games, concerts, and other sporting events. The venue has hosted several major events, including the 1986 FIBA World Championship, the 2014 FIBA Basketball World Cup, and the 2018 Davis Cup Finals. The Palacio de Deportes has undergone several renovations in recent years to ensure it meets modern standards and is regarded as one of the premier indoor arenas in Europe.