Caesars Palace has 3,348 rooms in five towers: Augustus, Centurion, Forum, Palace, and Roman. In 1962, Jay Sarno, a cabana motel owner, used ten million dollars that had been lent to him by the Teamsters Central States Pension Fund to begin plans for a hotel.Later he also acted as designer of the hotel he planned to construct. Building of the 14-story Caesars Palace hotel began in 1962. Sarno decided to call it Caesars Palace because he thought that the name Caesar would evoke thoughts of royalty because of Roman general Julius Caesar. Sarno felt that guests should feel they were at a king´s home while at his hotel. Sarno contracted many companies to build the hotel, from the Roman landscapes it presents, to the water fountains that have been stages of various events and the hotel´s swimming pools. On August 5, 1966, the hotel was inaugurated, with Andy Williams and Phil Richards providing entertainment. By the 1980s, Caesars Palace had become a boxing and gambling Mecca. Joe Louis, the former world Heavyweight champion boxer, worked at Caesars Palace as a greeter until his death in 1981. A statue of him would be erected soon after inside the hotel. The hotel´s management wanted it to have a new, family-oriented atmosphere as the 1990s approached, a trend mirrored by many of the big Las Vegas resorts.