Is it possible to open a gaming lounge as a profitable business?

Yes, definitely there is one near where I live is called the "game room, 360" offering Xbox 360, Xbox LIVE and a lot of varieties of games to keep a sofa in each block and the food you (burger and fries any beverage assortments) and it's really fun to go I'm a regular customer of the playroom and 360 receiving tons of cash in the classroom because many people go there.