I have cut metal with a bi metal hole saw on a cordless drill before and used cutting oil to help with the process.  Makes a big difference with the oil.   I noticed no one mentioned the cutting oil so i figured i would throw in my two cents.  I hope it helps.
I am also building a cocktail table too but i ordered my control panel pre done.  They are made out of metal seeing I know my kids will be beating them to hell so I didn't want to make the CP out of wood. 
I am going to make a build page one of these days if I can get around to it.
I didn't know Arcade Depot was still in biz.  I emailed them a few times to order the kit from them but they never got back to me.  I know they are in NJ and was asking them if I could pick up to save on shipping.  Maybe they knew who i am didn't want me near their place of biz  
