Malco Theatre, Art Deco theatre in Hot Springs, United States

The Malco Theatre is a performance venue in Hot Springs, Arkansas, known for its Art Deco style with seating across an orchestra level and balcony section. The building displays signature design details from that era and serves as home to performances and cultural programming today.

The building was constructed in 1935 on the site of the former Princess Theatre, which had been destroyed by fire. In 1936, M.A. Lightman acquired and renamed it the Malco Theatre.

From 1929 to 1964 the Malco ran segregated entrances: the "Colored" entrance on the Broadway side led African Americans straight to balcony seating, while white patrons used Central Avenue. The Arkansas Historic Preservation Program considers the Broadway entrance possibly one of only two such surviving segregated theatre entrances in the United States.

The theatre stands at 817 Central Avenue, in the downtown stretch of the city's main thoroughfare. The Broadway Street side holds the former segregated entrance, now preserved; the Central Avenue front is the main way in. The auditorium seats 320, with 75 more places in the balcony.

The Malco's fourteen-inch concrete walls and heavy steel beams led to its designation as a bomb shelter during the Cold War. The same solid structure later survived the 2016-2017 renovation, when the twin theatres were merged back into one auditorium holding 320 seats plus 75 in the balcony.