The tournament had one of the smallest prize funds on the tour (€600,000 in 2015), and few of the tour's top players took part. From 2002 to 2005, and again from 2011 to 2015, it was a dual-ranking event with the Challenge Tour. It was played opposite the Volvo World Match Play Championship in 2011 and 2013. In 2015, it was played opposite the Saltire Energy Paul Lawrie Match Play after the rescheduling caused by severe weather postponed the event four months.[1]
It was hosted at Clube de Golf do Santo da Serra (1993–2008, 2012–15) and at Porto Santo Golfe (2009–11). For its last five years of existence, it was one of two European Tour events annually staged in Portugal, the other being the Portugal Masters. The 2015 event was rescheduled from March to August due to weather.[1][2]