Should I cut him out of my life?

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A former coworker and I had this flirty thing going but when I confronted him about it he pretended nothing was going on and basically said he's not sure he can return my feelings.

I was really crushed but got over it. Then a few months later we ended up at a party where he got wasted and started touching me and flirting with me again. At the end of the night I ended up taking him home and we made out (he would have liked to take it further), him telling me he likes me and his parents who I met liked me. The next morning he was still grabbing me and being pretty open.
About a week or so later he came over for dinner and we got pretty hammered again and he told me all kinds of lovey-dovey shit, kissing me in the morning when he left.

The thing is that he denies all of it when confronted. When I asked him what we're doing he said he is attracted to me but "doesn't like me that much". He's a lot older so I have no reason to deny that he in fact doesn't like me that much but the shit he tells me says otherwise. At the same time he wants to keep "being friends".

Am I correct in assuming he will probably keep playing with my feelings cause he does have some sort of an attraction? Please help me make sense of it.