The arena is named after the company Švyturys, which bought the rights for the name.

The capacity of the catamaran-shaped arena is 6,200 seats for basketball games, 4,416 for ice hockey games, 6,512 for boxing/wrestling matches, and 7,450 seats for concerts.

Klaipėda Arena held Group D matches of the 37th FIBA European Basketball Championship, from 31 August, to 5 September 2011.

Klaipėda Arena hosted some matches for the 2021 FIFA Futsal World Cup.

This article about a Lithuanian sports venue is a stub.