The ice rink is a prefabricated structure constructed in Finland. Assembly began in 2006 and after a number of delays opened on 6 December 2006 when the Devils hosted the Manchester Phoenix (who, coincidentally, were also waiting for a similar venue to be completed) in an Elite Ice Hockey League fixture. The Devils won the game 7-4 while Manchester's Tony Hand became the first player to score a goal at the rink.
Cardiff Council had named the operator Planet Ice as the company it wanted to build a new ice rink for the Cardiff International Sports Village. Work was due to begin in early 2011, subject to planning, with the ice arena to be completed by February 2012. Planet Ice would have run the rink as well as design and build it. However by July 2011, Cardiff Council said in statement "We were unable to find the comfort that we required from them to show the ice rink would now be progressed. As a result it is being recommended that the executive cancels the current tender. Instead it is proposed to deliver a new ice arena, as a priority, within a new waterfront tender which would go out this summer."