Chairman Cha "Pay Back Instead of '2 Billion Gambling Debt' vs Singer Shin "All Casino Loan Details False" [Star Issue]

*This content was translated by AI.

Famous singer-producer Shin shocked the public after allegations that he had been "gambling away" in Las Vegas for years.

TV Chosun reported this on the afternoon of the 29th and said, "The police have secured a related statement."

The circumstances of Shin's away gambling were revealed in June last year when Cha, who is the chairman of an entertainment agency, had a Kakao Talk conversation with a related party of the company. The media reported, "President Cha posted an Excel file photo showing the dollar amount along with the English name of Shin, an entertainer and singer-turned-producer, and mentioned that he paid it back instead."

"The details include USD 3.82 million and KRW 5.4 billion between August 2023 and January 2025, along with the names of two Las Vegas hotel casinos, the abbreviation of Marker Loans, which means short-term credit loans provided by casinos to VIP customers, and ML numbers," he said. "The electronic ticket submitted by reporters from the company included the details of celebrity Shin and agency chairman Cha's trips to Los Angeles and Las Vegas around the time the casino credit loan was made."

Cha reportedly learned that all of his debts were "gambling debts" in the process of acquiring a stake in an entertainment agency from Shin. TV Chosun said, "Because Shin diverted 2 billion won in advance payments to gambling funds, Cha had no choice but to pay back instead."

"If Shin owes a gambling debt, there was a kind of 'loan structure' in which the agency paid it back instead," the media said. "Byeon, the Korean customer marketing officer at the Las Vegas Hotel in the U.S., also said he was aware of the abnormal flow of funds between them."

Byun said, "Even if I pay back the money, he told me not to tell (Shin). Because if you say you paid back the money, (Shin) wants to go play again right away," he said in an interview.

Cha and Shin's arguments were mixed over the situation of paying such gambling debts. While Cha said, "I paid off Shin's debt instead, but I didn't know it was a gambling debt," Shin dismissed the rumor of gambling away, saying, "It was a debt caused by the failure of the planned album production and had nothing to do with gambling."

Shin also denied to TV Chosun, saying, "I've visited Las Vegas for business, but I've never gambled," adding, "All casino loans presented as evidence are false."

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*This content was translated by AI.