The 'magic wand' that Kite got through the 'slots machine' and NOT saying it was a crappy roll makes me believe he's still alive.
He mentioned that Pitou was a monster, so I wouldn't be surprised if he needed to hide and wait for reinforcements. I really doubt Ging would have trained him to act like an amateur in this kind of situation.
He was sweating bullets when he felt the aura, so I'd say he knew he was outclassed or at least in for one hell of a fight.
In the world of Nen you just never know.
My prediction, even though I suck at them:
Looking at the intro I'd say thinking Kite is dead, Gon will go berserk agains Pitou and fuck her up.
On the other hand, that kind of plot device is very un-HxH like...

Somewhere I don't want Gon and Killua to play an important role in this arc.. if they were they'd be on the level of Netro and the 2 dudes he picked. Going from using 'tricks' to fight the bomber and being on equal footing with Netero just doesn't sit right with me, being shounen or not.
Just let this arc for them be nothing more then see what it means to be really strong.