[2] The arena is home to BC Chernomorets, who play in the NBL, the top flight of Bulgarian basketball.

After breaking ground in late 2014 with a planned budget of 38 million Bulgarian lev and a completion date of January 2017, the project was met with multiple delays and funding issues,[4][5] with the final official budget figure ballooning to 64 million.

[2] Following more than five years of delays, the multifunctional arena was officially opened on May 18, 2023, in the presence of Bulgarian President Rumen Radev, Burgas mayor Dimitar Nikolov, and other government officials,[6] with a playoffs match between BC Chernomorets and BC Rilski Sportist of the NBL.

[7] The long delays, alongside the string of both successful and failed budget increases, have turned the multipurpose arena into a symbol of corruption in Burgas[8] and Bulgaria as a whole,[1][9] with Hristo Ivanov, leader of the opposition coalition Democratic Bulgaria, describing it as the crown jewel of corruption under Boyko Borisov and GERB in 2021.

[10] In 2023, the arena hosted Glory 89, a kickboxing event headlined by Petpanomrung Kiatmuu9 and David Mejia.