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Thanks to everyone for your thoughts! My original intention was to be an online multi-player video gaming related community site, not gambling. But too busy right now to do it justice. In the interim, I want to develop a mini-site or something that can generate revenue.
It sounds like an arcade site might be the simplest/quickest thing to do. But if there is more money to be made in gambling affiliate links and so forth, I would consider using it for that market segment.
Nomzo: What do you mean by digital download site? Do you mean downloading mainstream video games?
Yes, but not necessarily full blown development, as the costs would be astronomical. Game sales are in decline everywhere except China, where games are downloaded online. It's 'hot' right now.
If you don't have the resources, you need to at least shine your diamond a little. Show potential buyers a concept and I surmise that they would be prepared to pay substantially more than the appraisals given here.