The Casino building was built by the Companhia Siderúrgica Belgo Mineira in 1937 in Sabará. Before the construction of this building, the Casino used to be inside the Siderúrgica plant. Following the Luxembourgish Casino concept developed by ARBED, it was destined to accommodate recently arrived employees of the company and had a restaurant serving typical Luxembourgish dishes.

Today, the Casino remains the private property of the company and hosts the Centro de Memória ArcelorMittal.