While Super Nintendo World is moving ahead at Universal Studios Japan, there may be some major trouble for other versions of the park in the future.
Universal had previously announced that their Epic Universe park plans were delayed due to the pandemic. Super Nintendo World was going to be part of the Epic Universe in Florida, making it one of the key attractions. Unfortunately, due to the pandemic causing a dramatic drop in revenue, Universal has placed Epic Universe on indefinite hold.
The company specifically said that they're "continually adjusting cost base and capital, including pausing development of Epic Universe project in Florida until the future becomes more certain.”
Without Epic Universe going forward, it's hard to know what will happen with Super Nintendo World outside of Japan. No mention of progress for the Hollywood location was mentioned, so perhaps that's continuing as planned. Hopefully the company is able to turn things around once the pandemic is officially behind us, and all versions of the park outside of Japan can proceed as originally announced.