Melbourne Park is a sports venue in the Melbourne Sports and Entertainment Precinct in Melbourne, Victoria, Australia. Since 1988, Australian's bicentenary, Melbourne Park has been home of the Australian Open Grand Slam tennis tournament, which is played annually in January. The park has facilities capable of hosting basketball, netball, music concerts and other events. In the past Melbourne Park has hosted ice skating, cycling, international swimming and motorsport events. Melbourne Park is owned by Melbourne & Olympic Parks, which also runs the adjacent Melbourne Rectangular Stadium. The Yarra Park section of the Sports and Entertainment Precinct is run separately.