This stadium was mainly used for football matches of the owner club Peñarol from 1921 to 1933. It was demolished later in the 1930s because Peñarol started to play in the Estadio Centenario as its home field, and additionally due to the increasing urbanization of Montevideo.
The first FIFA World Cup goal was scored at the Estadio Pocitos by the French player Laurent. The game was France against Mexico and was one of the two games that opened the World Cup, the other being held at the same time in Parque Central.
This stadium was one of the first soccer stadiums to include elliptical stands, taken from the model of the ancient Greek theatre. It has been said that the Estadio Centenario was planned to be a “giant version” of this stadium.