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In its long history, Valencia has acquired many local traditions and festivals, among them the Falles, which were declared Celebrations of International Touristic Interest (Fiestas de InterĂ©s TurĂstico Internacional) on 25 January 1965, and the Water Tribunal of Valencia (Tribunal de las Aguas de Valencia), which was declared an intangible cultural heritage of humanity (Patrimonio Cultural Inmaterial de la Humanidad) in 2009. In addition to these Valencia has hosted world-class events that helped shape the city's reputation and put it in the international spotlight, e.g., the Regional Exhibition of 1909, the 32nd and the 33rd America's Cup competitions, the European Grand Prix of Formula One auto racing, the Valencia Open 500 tennis tournament, and the Global Champions Tour of equestrian sports.
The 2005 America's Cup yachting races were held at Valencia in June and July 2005 and attracted huge crowds. According to official data from the organizing committee, as many as 150,000 visitors flocked to Valencia's port each day during the two weeks of events
