Global attention turned to Fremantle when it hosted the America's Cup yachting race in 1987, after Australia was the first country to ever win the race, aside from the US, in 1983. The unsuccessful cup defence was conducted on the waters in Gage Roads, and is considered a hallmark event of the late 20th century revitalisation and gentrification of the city. Fremantle has subsequently served as a stopover in the Clipper, Velux and Volvo round-the-world yacht races, and hosted the 2011 ISAF Sailing World Championships, a major qualifying event for the 2012 Summer Olympics.