It’s back to the drawing board for state-run Philippine Amusement and Gaming Corporation (PAGCOR) after the bidding of two parcels of land where Solaire Resort and Casino stands has failed yet again.

The Philippine Daily Inquirer reported that PAGCOR is now eyeing to privatize the two lots, with a combined area of 160,359 square meters (1.73 million square feet), through a negotiated sale after a single bidder appeared in last Friday’s auction.

PAGCOR rules require at least two parties to submit a bid tender in order for the property to be auctioned. Only Sureste Properties Inc. (SPI), a wholly owned subsidiary of Bloomberry Resorts Corp., submitted a bid for the twin lots on Friday. SPI, the owner and operator of the hotel and non-gaming facilities in Solaire, is the lessee of the PAGCOR land.

With no takers other than SPI, PAGCOR said that it will now enter into a negotiated sale.