Al Geiberger, Art Wall Jr., David Graham, Roberto De Vicenzo and Tony Jacklin are past champions.

Since 2014, the Venezuela Open has been a fixture on the PGA Tour Latinoamérica Developmental Series.

From 1979 to 2009 it made frequent appearances on the South American Tour, later known as the Tour de las Américas.

Between 1961 and 1973 the tournament was a regular stop on the PGA-sponsored Caribbean Tour, when it was called the Caracas Open or Caracas Open Invitational.

In 1999 it was held at Izcaragua Country Club, a short distance east of Caracas while in 2000 it was played at Barquisimeto Golf Club near Barquisimeto.