A Honolulu man has agreed to plead guilty to operating a casino-type gambling operation which grossed $3 million from 2003-2005 and forfeiture of over $1 million in cash and property in exchange for federal prosecutors to drop charges against his wife.

Yong Sang Kim, represented by attorney William Harrison, entered into the plea agreement Oct. 2.

Kim and his his wife, Min Ju Kim, were indicted for running an illegal gambling business, conspiracy and money laundering related to the 24-hour, seven days a week operation of "Sheridan Billiards," which operated game rooms at different locations in the Ke'eaumoku/Sheridan area.

Kim could be sentenced up to 30 years in prison and fined up to $1 million.

In addition, he has agreed to forfeit $629,800 cash seized from a safety deposit box at Hawaiian Depository Co., $116,200 seized at his residence at 1322 Lunalilo St. and $1,300 from a shoulder bag in his vehicle, monies the government says were profits from the illegal gambling operation. In addition, Kim will forfeit title and interest in properties at 808 Sheridan St., 1308 Rycroft St. and 1320 Rycroft St., and his 2004 Land Rover sports utility vehicle.

The gambling operation accepted wagers on casino card games such as baccarat and blackjack, and featured video poker and "fruit" slot machines which were brought into the state. There were five or more people per shift working as dealers, cashiers, managers and kitchen help around the clock and 24-hour security personnel. All would be paid from daily proceeds from the gambling activities.