Organized sporting events in volleyball, football, and athletics began in 1932, initially held near the factory's workshops.

At its opening, the Uralmash Plant Stadium had a seating capacity of 18,000, making it the fourth largest in the USSR at the time, with a beautifully adorned pavilion.

The event included speeches and demonstrations by athletes, culminating in a friendly match between factory teams, ending 5-2.

It became a venue for various sports and cultural events, including the first all-factory Spartakiad from August 24–30 and friendly football matches in the fall.

A significant event occurred on September 25, 1935, when the stadium hosted a major autumn festival featuring athletes, including French middle-distance runner Jules Ladoumègue.

This continued until a renovation in 2003, which saw the installation of plastic seating and heating for the pitch, though the administrative building, running tracks, and staircases were not repaired.

In 2014, renovations began at the stadium in preparation for the 2018 FIFA World Cup, with a completion deadline set for fall 2015.

During an inspection on July 18, led by Governor Yevgeny Kuyvashev and Deputy Prime Minister Valentin Gripas, a more precise deadline was established: the arena needed to be ready by May 15, 2015.

Originally named Uralmash and later renamed SKB-Bank Arena (Russian: «СКБ-Банк Арена»), it became the first venue in Russia built for the 2018 FIFA World Cup.

After the renovation, the stadium transformed into a dedicated football venue: the running tracks, old administrative building, and the single grandstand were removed.

Stand A is named after Yevgeny Sesyunin, the leader of the Uralmash team, whose goals helped Yekaterinburg reach the top tier of the Soviet Championship for the first time.

As part of the renovation for the 2018 FIFA World Cup, the natural grass pitch was equipped with a modern heating and irrigation system.

The stadium will become part of a large complex that includes a football training hall, practice fields, as well as a hotel and dormitory.