Are flash game sites worthwhile anymore?

I recently acquired a flash game site that is pretty brandable and has a handful of daily users. I'm not sure if there's any potential in these kinds of sites anymore since there are so many already in existence, not to mention all the fb browser games people are already playing. Just wondering if there's anyone on BHW who would have some advice for me in getting this started up and potential monetizing it. It isn't a main focus of mine at this point, and probably will never be, but I'll be working on it as a side project.

My thought was to set-up a premium game section with higher quality games, which users can access via free membership (mainly to get e-mails). I'm also thinking of adding a forum and trying to emphasize that players post there to try and boost the activity of the site.

Not sure if these are good ideas or not, so any advice/tips are appreciated

I do exactly this, but abandoned because of time. If you have the time, I think it's possible to do.

Honestly, you would probably be better off making it a flash game site for a specific niche rather than an overall general gaming site. That will increase the chances of success for the site in my opinion.

Anyone can make a flash game site, but like Apricot most people (including myself) abandon it for some reason or another.

I bought a domain and wanted to start flash games site (since domain was in games niche before it expired). I wanted to pay for the most expensive package at myarcadeplugin.com so they can set up the site with all the games. I am not planning to earn money with this site. How many visitors you have OP? Anyone else in this funny niche?

Damn I was just going to use myarcadeplugin to build a game site too. I actually started my online adventure with webdesigns and a game site. Both fell apart really quickly because I did not know how to market it properly.

My marketing plan for my game site was:
1) develop my site
2) find a popular game on facebook that people purchase in-game items on or need coins.
3) create a facebook ad offering free in-game item when people get a certain score on a selected games on my site.

The game market has evolved and now you have to target a specific niche and a age group to get ROI.

Ofcourse my other plan was:
1) develop my site
2) put up posters of a specific game in university and college campuses during exam times. lol.

I own a flash gaming site for almost 7 years now, but never spent much time on it. I used the myarcadeblog plugin on Wordpress and it makes everything pretty convenient. For monetizing, if you put a 728x90 ad just below the game you'll get a lot of clicks. You might want to keep a bit of spacing (40px) or so. Adsense states they don't want their ads within 100px of flash games but they never enforced it on me beyond my 40px. This will all depend on how much traffic your site gets. Mine is only a few hundred thousand visits per month.