Got a solution from Linuxquestions.com.
Best guess: Wine is configured to use OSS, not ALSA for your sound output. OSS is simpler than ALSA and puts a lower load on your system, mainly because it doesn't use a software mixer, meaning that only one program can output sound at a time.
A simple workaround is to install the alsa-oss package, which will re-route all OSS sounds through ALSA, allowing the software mixer to work.
If not, then wine's sound output is not configured proper
Worked perfectly fine with me...Thanks!