Neither. It means, “I want to pork (or continue porking) you without any obligation or commitment.”
He could be saying that he just wants to go out and have a good time with you and not worry about defining the relationship, but a guy’s idea of a good time involves having sex sooner or later. Dave & Buster’s is only fun for about three visits, then it’s “what next?” He’s certainly not saying he wants to take things slowly, which would suggest that he’s open to a serious relationship later. In fact, he’s telling you the exact opposite: don’t expect anything more from me than fun and/or sex.
That’s not to say he couldn’t fall in love with you down the line and want something more, but the odds aren’t in your favor when you boink first and ask questions later. You might be perfectly fine with commitment-free sex; if so, it’s a win-win. But if you’re looking for something deeper (ahem), you have your work cut out for you.
In a weird way it’s almost admirable of him to tell you up front what he wants and doesn’t want instead of leading you on. Almost. He’s not going to win any Boyfriend Of The Year titles anytime soon, don’t worry. But I give him points for honesty.
Of course, my points don’t matter; yours do. He’s telling you up front that there is a limit to your relationship. You have to decide if you are okay with that.