Before the opening of the venue, three names were proposed for the stadium-Estadio de Corrientes y Bouchard, Catedral del Boxeo, and Palacio de los Deportes.
The stadium was used for Nazi and Fascist rallies during the Second World War.
The Luna Park Stadium is a multi-purpose arena, located in Buenos Aires in Argentina. It is commonly known as Luna Park. The construction work began in 1931 and took a span of a year to complete with an estimated amount of AR$2 million. The chief architect involved in designing the stadium was Jorge Kálnay along with structural engineer Mariani Hnos. It was opened to the spectators on 6th February 1932. Owned by the Sociedad Salesiana de San Juan Bosco and Cáritas Argentina, the stadium is operated by "Time For Fun" (T4F), the only open-source entertainment company in Brazil. The stadium underwent multiple renovations in the years 1934, 1951 and from 2006 to 2008.
In 1950, Luna Park Stadium witnessed significant matches of the FIBA World Championship.
The stadium was the venue selected to host the final phase of the 1990 Basketball World Championship.
It played host to the 1976 Basketball Intercontinental Cup. The competition was dominated by Real Madrid.
Former Argentine footballer Diego Maradona's wedding took place at the Luna Park Stadium in the year 1989.
The stadium was the venue where funerals of Carlos Gardel, Julio Sosa, and Ringo Bonavena took place in the years 1935, 1964 and 1976.
In 2007, it was announced a Monumento Histórico Nacional.
The Six Days of Buenos Aires (Cycling event) was held at the Luna Park Stadium in the year 1936.