It opened in 1838; operas, plays, pantomimes and other events were held, and leading entertainers performed at the theatre.
The theatre had a three-storey façade of Georgian style, and the front section included a hotel.
The population of Sydney was small in relation to the size of the theatre, so that a proper repertoire could not be built up: there were frequent changes of programme, leading to poorly rehearsed performances.
Other performers seen during the theatre's history included Lola Montez, Gustavus Vaughan Brooke, Anna Bishop, George Darrell and William Creswick.
[5] John Gibbs, of Woolloomooloo Bay, was leader of the orchestra 1842[6]–1869, also Toogood's Grand Concert Hall 1858–1861.
[8] In 1854 the theatre was purchased by a consortium including Joshua Josephson, and leased by a succession of managers, including Wilson and Habbe 1870–71, when Mary Gladestane had a season, first as Frou-Frou, then in October as Queen Elizabeth, when Alfred, Duke of Edinburgh attended.