The club is located in Larissa, Greece, a city that is part of the Thessaly periphery.

When the team competed in the top-tier Greek League, they played their home games at the Larissa Neapolis Arena.

In 2006, Gymnastikos merged with the multi-sports club of AEL 1964, which did not have a fully professional level men's basketball section at the time.

This was because 5 years time had passed since the original Gymnastikos club had merged with AEL 1964, and in the original merger agreement, it allowed for another new club to form locally using the Gymnastikos name and logo, after 5 years had passed.

[2] Avraam Papadopoulos Note: Flags indicate national team eligibility at FIBA-sanctioned events.