Edit: Due to the fact that this article is old, the installation instructions may not work anymore. In order to successfully install the latest version of Wine, please access the wine tag and open the latest article (the one on top).

The latest installation instructions for Wine
Hello Linux Geeksters. As you may know, Wine 1.7.16 has been recently released. Among others, it comes with fixes for a bunch of regressions, initial stubs for DirectX Video Acceleration has been added, the IDL compiler got enhanced support for string arrays and over 50 bug-fixes have been implemented.
Also worth mentioning: While the the developers are working at making Windows Apps available for Android running on both ARM and X86 architectures, via Wine, they also want to make Wine available for Chrome OS.
In this article I will show you how to install Wine 1.7.16 on Fedora 20, Fedora 19, CentOS 6 and RHEL 6.
There is no Wine repository available for the Fedora and CentOS/RHEL so we have to download the tar archive and install it by hand. Follow the instructions for your system’s architecture, in order to get a successful installation.
How to install Wine 1.7.16 on 32 bit Fedora, CentOS and RHEL systems:
Install the dependencies first:
$ sudo yum -y groupinstall 'Development Tools'
$ sudo yum -y install libX11-devel freetype-devel
Download Wine 1.7.16:
$ wget -c http://citylan.dl.sourceforge.net/project/wine/Source/wine-1.7.16.tar.bz2
Extract the archive and cd into it:
$ tar -xvf wine-1.7.16.tar.bz2
$ cd wine-1.7.16/
Install Wine 1.7.16:
$ ./tools/wineinstall
How to install Wine 1.7.16 on 64 bit Fedora, CentOS and RHEL systems:
Install the dependencies first:
$ sudo yum groupinstall 'Development Tools'
$ sudo yum install libX11-devel freetype-devel
Download Wine 1.7.16:
$ wget -c http://citylan.dl.sourceforge.net/project/wine/Source/wine-1.7.16.tar.bz2
Extract the archive and cd into it:
$ tar -xvf wine-1.7.16.tar.bz2
$ cd wine-1.7.16/
Install Wine 1.7.16:
$ ./configure --enable-win64
$ make
$ sudo make install