If you have no sound, you likely see a message like this in the console output:
------- sound initialization ------- /dev/dsp: Broken pipe Could not toggle.
Run this command as root user (keep in mind this has to be done every time after booting your system):
echo kingpin.x86 0 0 direct > /proc/asound/card0/pcm0p/oss
mkdir -p kingpin/kingpin && touch kingpin/kingpin/data1.cab && mkisofs -o kingpin.iso kingpin
You can mount this iso file before running Kingpin instead of mounting the original cd.