A Honolulu man has agreed to plead guilty to operating a casino-type gambling operation that grossed $3 million from 2003 to 2005 and forfeit more than $1 million in cash and property in exchange for federal prosecutors dropping charges against his wife.

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

Kim and his wife, Min Ju Kim, were indicted for allegedly 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 to up to 30 years in prison and fined up to $1 million.

In addition, he has agreed to forfeit $629,800 in 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, money allegedly from gambling.

Kim also 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.

According to court documents, the gambling operation accepted wagers on casino card games such as baccarat and blackjack, and featured video poker and "fruit" slot machines that 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, the court documents said.