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STAPLES Center \The arena opened on October 17, ; it was previously known as Staples Center until December when cryptoqamus.com acquired the naming rights. The arena is. The storied venue got its original name in December , when then-booming Staples Inc. paid $ million for the rights for 10 years. cryptoqamus.com Arena is a multi-purpose indoor arena in Downtown Los Angeles. The main attraction of the L.A. Live development, it is located next to the Los Angeles Convention Center complex along Figueroa Street.