It looks like it is a very common bug with wine. I'm having the exact same issue in Slackware 10.2. However, this does not appear to be Slackware specific. I've found a few links addressing this issue. It worked for a few peoples (not for me though)
Basically, do this:
- make sure that snd-seq module is loaded (modprobe snd-seq)
- make sure that winearts.drv.so is not being loaded. Rename it (mv <path_to_wine>/lib/winearts.drv.so /<path_to_wine>/lib/winearts.drv.so.old
There are some patches around to fix this issue. Apparently, wine tries to load all available drivers now and that is why it is crashing.