The May 3 welterweight showdown between Floyd Mayweather Jr. and Marcos Maidana will take place at the MGM Grand in Las Vegas. Mayweather announced the news on his Twitter account and RingTV.com has confirmed it with Golden Boy Promotions CEO Richard Schaefer.

The Mayweather-Maidana fight was announced two weeks ago but the venue of the Showtime Pay Per View event was in question. There was industry talk that the fight could land at Barclays Center in Brooklyn, N.Y., but Mayweather put those rumors to rest with his Wednesday evening tweet.

"I will be fighting at the best place on Earth on May 3rd… the MGM Grand. Reserve your rooms at http://mgmgrand.com," Mayweather tweeted from @FloydMayweather along with the following pic:

A full report on the announcement from Lem Satterfield will be posted later.