Opening in September 1996, the arena is a part of the leisure and shopping center, CentrO.

The venue was built in Neue Mitte Oberhausen [de], a former industrial plant.

In November 2001, König Brauerei, a brewery in Duisburg, purchased naming rights to the arena which took effect from January 2002.

In December 2021, the arena's naming rights were purchased by Essen-based cleaning company Rudolf Weber GmbH.

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