I had the same problem.
I run EQ2 under Linux, Steam. Other games worked eq1, neverwinter, etc.
The old recomendations were to install the corefonts within wine. This was done and the game still did not work. It still said 'failed to init arial'. I know the file is there. I then compared the registry entries from a working WinXP computer. I compared those to a wine registry for my Steam setup.
Two key paths were missing. By editing the registry and importing these two key paths. The game works. Remember to delete any lines for the fonts you don't have. Using a text editor. Before you import the .reg files into your registry.
---------------- Fonts.reg file contents ----------
Windows Registry Editor Version 5.00
[HKEY_LOCAL_MACHINE\SOFTWARE\Microsoft\Windows NT\CurrentVersion\Fonts]
"Roman (All res)"="ROMAN.FON"
"Script (All res)"="SCRIPT.FON"
"Modern (All res)"="MODERN.FON"
"Small Fonts (VGA res)"="SMALLE.FON"
"Arial (TrueType)"="ARIAL.TTF"
"Arial Bold (TrueType)"="ARIALBD.TTF"
"Arial Bold Italic (TrueType)"="ARIALBI.TTF"
"Arial Italic (TrueType)"="ARIALI.TTF"
"Courier New (TrueType)"="COUR.TTF"
"Courier New Bold (TrueType)"="COURBD.TTF"
"Courier New Bold Italic (TrueType)"="COURBI.TTF"
"Courier New Italic (TrueType)"="COURI.TTF"
"Lucida Console (TrueType)"="LUCON.TTF"
"Lucida Sans Unicode (TrueType)"="L_10646.TTF"
"Times New Roman (TrueType)"="TIMES.TTF"
"Times New Roman Bold (TrueType)"="TIMESBD.TTF"
"Times New Roman Bold Italic (TrueType)"="TIMESBI.TTF"
"Times New Roman Italic (TrueType)"="TIMESI.TTF"
"WingDings (TrueType)"="WINGDING.TTF"
"Symbol (TrueType)"="SYMBOL.TTF"
"Symbol 8,10,12,14,18,24 (VGA res)"="SYMBOLE.FON"
"Verdana (TrueType)"="verdana.TTF"
"Verdana Bold (TrueType)"="verdanab.TTF"
"Verdana Italic (TrueType)"="verdanai.TTF"
"Verdana Bold Italic (TrueType)"="verdanaz.TTF"
"Arial Black (TrueType)"="ariblk.TTF"
"Comic Sans MS (TrueType)"="comic.TTF"
"Comic Sans MS Bold (TrueType)"="comicbd.TTF"
"Impact (TrueType)"="impact.TTF"
"Georgia (TrueType)"="georgia.TTF"
"Georgia Bold (TrueType)"="georgiab.TTF"
"Georgia Bold Italic (TrueType)"="georgiaz.TTF"
"Georgia Italic (TrueType)"="georgiai.TTF"
"Franklin Gothic Medium (TrueType)"="Framd.TTF"
"Franklin Gothic Medium Italic (TrueType)"="Framdit.TTF"
"Palatino Linotype (TrueType)"="pala.TTF"
"Palatino Linotype Bold (TrueType)"="palab.TTF"
"Palatino Linotype Bold Italic (TrueType)"="palabi.TTF"
"Palatino Linotype Italic (TrueType)"="palai.TTF"
"Tahoma Bold (TrueType)"="tahomabd.TTF"
"Trebuchet MS (TrueType)"="trebuc.TTF"
"Trebuchet MS Bold (TrueType)"="trebucbd.TTF"
"Trebuchet MS Bold Italic (TrueType)"="trebucbi.TTF"
"Trebuchet MS Italic (TrueType)"="trebucit.TTF"
"Webdings (TrueType)"="webdings.TTF"
"Estrangelo Edessa (TrueType)"="estre.TTF"
"Gautami (TrueType)"="gautami.TTF"
"Latha (TrueType)"="latha.TTF"
"Mangal (TrueType)"="mangal.TTF"
"Mv Boli (TrueType)"="mvboli.TTF"
"Raavi (TrueType)"="raavi.TTF"
"Shruti (TrueType)"="shruti.TTF"
"Tunga (TrueType)"="tunga.TTF"
"Sylfaen (TrueType)"="sylfaen.TTF"
"WST_Czec (All res)"="wst_czec.FON"
"WST_Engl (All res)"="wst_engl.FON"
"WST_Fren (All res)"="wst_fren.FON"
"WST_Germ (All res)"="wst_germ.FON"
"WST_Ital (All res)"="wst_ital.FON"
"WST_Span (All res)"="wst_span.FON"
"WST_Swed (All res)"="wst_swed.FON"
"Courier 10,12,15 (VGA res)"="COURE.FON"
"MS Sans Serif 8,10,12,14,18,24 (VGA res)"="SSERIFE.FON"
"MS Serif 8,10,12,14,18,24 (VGA res)"="SERIFE.FON"
"Tahoma (TrueType)"="TAHOMA.TTF"
"Microsoft Sans Serif (TrueType)"="MICROSS.TTF"
"Kartika (TrueType)"="Kartika.ttf"
"Vrinda (TrueType)"="Vrinda.ttf"
"DejaVu Serif Italic Condensed (TrueType)"="DejaVuSerifCondensed-Italic.ttf"
"LuzSans-Book (TrueType)"="LUZRO.TTF"
"DejaVu Serif Bold Italic (TrueType)"="DejaVuSerif-BoldItalic.ttf"
"Gentium Book Basic Bold (TrueType)"="GenBkBasB.ttf"
"Linux Libertine G Bold Italic (TrueType)"="LinLibertine_RBI_G.ttf"
"Gentium Basic (TrueType)"="GenBasR.ttf"
"DejaVu Sans Mono Bold Oblique (TrueType)"="DejaVuSansMono-BoldOblique.ttf"
"Linux Libertine G Semibold (TrueType)"="LinLibertine_RZ_G.ttf"
"DejaVu Serif Condensed Italic (TrueType)"="DejaVuSerifCondensed-Italic.ttf"
"Linux Libertine G Italic (TrueType)"="LinLibertine_RI_G.ttf"
"DejaVu Sans Mono (TrueType)"="DejaVuSansMono.ttf"
"Linux Libertine G Semibold Italic (TrueType)"="LinLibertine_RZI_G.ttf"
"Linux Biolinum G Bold (TrueType)"="LinBiolinum_RB_G.ttf"
"DejaVu Sans Condensed (TrueType)"="DejaVuSansCondensed.ttf"
"Gentium Book Basic (TrueType)"="GenBkBasR.ttf"
"Linux Libertine G Bold (TrueType)"="LinLibertine_RB_G.ttf"
"DejaVu Sans Mono Bold (TrueType)"="DejaVuSansMono-Bold.ttf"
"Gentium Book Basic Bold Italic (TrueType)"="GenBkBasBI.ttf"
"DejaVu Sans Condensed Bold (TrueType)"="DejaVuSansCondensed-Bold.ttf"
"OpenSymbol (TrueType)"="opens___.ttf"
"Linux Biolinum G Italic (TrueType)"="LinBiolinum_RI_G.ttf"
"DejaVu Serif Condensed Bold (TrueType)"="DejaVuSerifCondensed-Bold.ttf"
"DejaVu Sans Condensed Bold Oblique (TrueType)"="DejaVuSansCondensed-BoldOblique.ttf"
"DejaVu Sans (TrueType)"="DejaVuSans.ttf"
"Gentium Basic Bold Italic (TrueType)"="GenBasBI.ttf"
"Gentium Basic Italic (TrueType)"="GenBasI.ttf"
"Gentium Book Basic Italic (TrueType)"="GenBkBasI.ttf"
"DejaVu Sans Mono Oblique (TrueType)"="DejaVuSansMono-Oblique.ttf"
"DejaVu Serif Condensed (TrueType)"="DejaVuSerifCondensed.ttf"
"DejaVu Serif Italic (TrueType)"="DejaVuSerif-Italic.ttf"
"DejaVu Sans ExtraLight (TrueType)"="DejaVuSans-ExtraLight.ttf"
"DejaVu Sans Condensed Oblique (TrueType)"="DejaVuSansCondensed-Oblique.ttf"
"DejaVu Serif (TrueType)"="DejaVuSerif.ttf"
"Gentium Basic Bold (TrueType)"="GenBasB.ttf"
"Linux Libertine G Regular (TrueType)"="LinLibertine_R_G.ttf"
"DejaVu Sans Oblique (TrueType)"="DejaVuSans-Oblique.ttf"
"DejaVu Sans Bold Oblique (TrueType)"="DejaVuSans-BoldOblique.ttf"
"DejaVu Serif Condensed Bold Italic (TrueType)"="DejaVuSerifCondensed-BoldItalic.ttf"
"Linux Biolinum G Regular (TrueType)"="LinBiolinum_R_G.ttf"
"DejaVu Sans Bold (TrueType)"="DejaVuSans-Bold.ttf"
"DejaVu Serif Bold (TrueType)"="DejaVuSerif-Bold.ttf"
"Open Sans Bold (TrueType)"="OpenSans-Bold.ttf"
"Caladea Bold (TrueType)"="Caladea-Bold.ttf"
"Source Sans Pro Black (TrueType)"="SourceSansPro-Black.ttf"
"Source Code Pro Bold (TrueType)"="SourceCodePro-Bold.ttf"
"PT Serif Bold (TrueType)"="PT_Serif-Web-Bold.ttf"
"Liberation Mono Bold (TrueType)"="LiberationMono-Bold.ttf"
"Liberation Sans Narrow Bold (TrueType)"="LiberationSansNarrow-Bold.ttf"
"Carlito Bold (TrueType)"="Carlito-Bold.ttf"
"Caladea Bold Italic (TrueType)"="Caladea-BoldItalic.ttf"
"Caladea Italic (TrueType)"="Caladea-Italic.ttf"
"Caladea (TrueType)"="Caladea-Regular.ttf"
"Carlito Bold Italic (TrueType)"="Carlito-BoldItalic.ttf"
"Carlito Italic (TrueType)"="Carlito-Italic.ttf"
"Carlito (TrueType)"="Carlito-Regular.ttf"
"Liberation Sans Narrow Bold Italic (TrueType)"="LiberationSansNarrow-BoldItalic.ttf"
"Liberation Sans Narrow Italic (TrueType)"="LiberationSansNarrow-Italic.ttf"
"Liberation Sans Narrow (TrueType)"="LiberationSansNarrow-Regular.ttf"
"Liberation Mono Bold Italic (TrueType)"="LiberationMono-BoldItalic.ttf"
"Liberation Mono Italic (TrueType)"="LiberationMono-Italic.ttf"
"Liberation Mono (TrueType)"="LiberationMono-Regular.ttf"
"Liberation Sans Bold (TrueType)"="LiberationSans-Bold.ttf"
"Liberation Sans Bold Italic (TrueType)"="LiberationSans-BoldItalic.ttf"
"Liberation Sans Italic (TrueType)"="LiberationSans-Italic.ttf"
"Liberation Sans (TrueType)"="LiberationSans-Regular.ttf"
"Liberation Serif Bold (TrueType)"="LiberationSerif-Bold.ttf"
"Liberation Serif Bold Italic (TrueType)"="LiberationSerif-BoldItalic.ttf"
"Liberation Serif Italic (TrueType)"="LiberationSerif-Italic.ttf"
"Liberation Serif (TrueType)"="LiberationSerif-Regular.ttf"
"Linux Libertine G Display Regular (TrueType)"="LinLibertine_DR_G.ttf"
"Open Sans Bold Italic (TrueType)"="OpenSans-BoldItalic.ttf"
"Open Sans Italic (TrueType)"="OpenSans-Italic.ttf"
"Open Sans (TrueType)"="OpenSans-Regular.ttf"
"PT Serif Bold Italic (TrueType)"="PT_Serif-Web-BoldItalic.ttf"
"PT Serif Italic (TrueType)"="PT_Serif-Web-Italic.ttf"
"PT Serif (TrueType)"="PT_Serif-Web-Regular.ttf"
"Source Code Pro (TrueType)"="SourceCodePro-Regular.ttf"
"Source Sans Pro Black Italic (TrueType)"="SourceSansPro-BlackIt.ttf"
"Source Sans Pro Bold (TrueType)"="SourceSansPro-Bold.ttf"
"Source Sans Pro Bold Italic (TrueType)"="SourceSansPro-BoldIt.ttf"
"Source Sans Pro ExtraLight (TrueType)"="SourceSansPro-ExtraLight.ttf"
"Source Sans Pro ExtraLight Italic (TrueType)"="SourceSansPro-ExtraLightIt.ttf"
"Source Sans Pro Italic (TrueType)"="SourceSansPro-It.ttf"
"Source Sans Pro Light (TrueType)"="SourceSansPro-Light.ttf"
"Source Sans Pro Light Italic (TrueType)"="SourceSansPro-LightIt.ttf"
"Source Sans Pro (TrueType)"="SourceSansPro-Regular.ttf"
"Source Sans Pro Semibold (TrueType)"="SourceSansPro-Semibold.ttf"
"Source Sans Pro Semibold Italic (TrueType)"="SourceSansPro-SemiboldIt.ttf"
--------------------------------------
And
---------------- Fontsubstitutes.reg file contents ----------
Windows Registry Editor Version 5.00
[HKEY_LOCAL_MACHINE\SOFTWARE\Microsoft\Windows NT\CurrentVersion\FontSubstitutes]
"Arial CE,238"="Arial,238"
"Arial CYR,204"="Arial,204"
"Arial Greek,161"="Arial,161"
"Arial TUR,162"="Arial,162"
"Courier New CE,238"="Courier New,238"
"Courier New CYR,204"="Courier New,204"
"Courier New Greek,161"="Courier New,161"
"Courier New TUR,162"="Courier New,162"
"Helv"="MS Sans Serif"
"Helvetica"="Arial"
"MS Shell Dlg 2"="Tahoma"
"Times"="Times New Roman"
"Times New Roman CE,238"="Times New Roman,238"
"Times New Roman CYR,204"="Times New Roman,204"
"Times New Roman Greek,161"="Times New Roman,161"
"Times New Roman TUR,162"="Times New Roman,162"
"Tms Rmn"="MS Serif"
"Arial Baltic,186"="Arial,186"
"Courier New Baltic,186"="Courier New,186"
"Times New Roman Baltic,186"="Times New Roman,186"
"MS Shell Dlg"="Microsoft Sans Serif"
------------------------------