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Formerly known as PalaSport and informally as PalaEUR, by the name of the neighbourhood that hosts it, the 'EUR' precisely, it was renamed "PalaLottomatica" with the name of Lottomatica, the main sponsor that financed the modernization work from 1999 to 2003.
The stadium has been made more functional, especially in terms of acoustics, to also accommodate important musical events. Other changes were made to the original aesthetics of the stadium, particularly the night lighting of exterior glazing that now occurs at "tabellone della tombola", with numbers dramatically illuminated behind the glass.
After the remodeling, it is able to accommodate up to 11,200 seated spectators. The structure is versatile and hosts sporting events (including internal competitions of, for example, Pallacanestro Virtus Roma), concerts, conferences, and theatrical events.
In 1997 the PalaLottomatica hosted the Euroleague Final Four and the final stage of the 2005 Men's European Volleyball Championship, oversubscribed in the final between Italy and Russia, Hosting one of its terraces an audience of over 14,000 spectators were disappointed that thanks to a 3-2 comeback victory in Italy, after a thrilling game that lasted over two hours. The WWE ran a show on November 7, 2008 at the PalaLottomatica.