The club's main sport is basketball, with the basketball team having won eight championships in the now-defunct Campeonato Uruguayo Federal de Básquetbol (CFB).
The team currently competes in the Liga Uruguaya de Básquetbol (LUB).
[1] In 1946, Olimpia won the South American Club Championships.
[2] Between 1923 and 1972, the team won eight championships in the Campeonato Uruguayo Federal de Básquetbol (CFB).
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