Yep, it's an intel integrated graphics card. They are not really meant for gaming, as you've already noticed. Get a different laptop, or better yet, a desktop computer.
Maybe you can help performance a bit, if you allocated it a larger part of the shared system memory. During bootup, there should be a note on which key to press to enter setup, it's usually F2, F11, F12 or DEL. In there should be a menu that lets you assign from 8 - 512 MB or something of the system memory. It should be possible to allocate 256 for the VC on your system, or at least 128.