Built in the early 1970s and officially opened in 1973, originally under the name "Ivo Lola Ribar," it was constructed for the Women's Handball World Championship. The hall is designed for basketball, handball, volleyball, and futsal, with a base capacity of 900 seats, which can be expanded to 1,726 seats using retractable bleachers.

The hall serves as the home court for the GKK Šibenka men's basketball team and the ŽKK Šibenik women's basketball team. In addition to sporting events, the venue occasionally hosts commercial and cultural programs. In 2015, the hall underwent an energy-efficiency renovation, which included the building envelope, insulation, windows and doors, and some of the auxiliary facilities.