No, not at all. The Intel GMA's are very very weak and will only play games on low settings at low resolution, if you want to game get a dedicated card.
If you are buying a laptop for gaming purposes, then I highly recommend you increase your budget by around $200 to get something with a discreet video card. The card itself will not cost $200 itself (unless you are looking for a capable video card). Usually laptops with discreet video cards have some other increased specs as well. Therefore adding at least $200 to your budget is recommended.