I actually saw this movie when it was released in cinemas back in 1993. I was 12 years old at the time. I hated this movie back then. The weird budget-looking post apocalyptic dinoland looked bad and outplayed by 1993. The movie barely resembled Super Mario Bros.
A friend from grade school and I saw this together, and we were the only two people in the cinema at the time. This movie came out a month before Jurassic Park, and it was trying to ride off that movies pre-emtive success, with the dinosaur theme. But the movie flopped hard at the box office.
The movie had a 48million dollar budget and only made $20 million at the box office. It was Nintendo's first attempt at a Hollywood movie based on their IP's, and scared Nintendo away from doing anything with Hollywood until the more recent Detective Pikachu.
But over time, I have warmed up to the cheesiness of the movie. Dennis Hopper was chewing up the scenery as Bowser. Bob Hoskins and John Leguizamo were oddly fine as Mario and Luigi, despite being drunk while filming. I can't really blame either of them for that.
It is a weird and dopey movie. But not as bad as Double Dragon the movie, and I liked this one more than Street Fighter: The Movie as well. Back then, the only half-way decent videogame movie was Mortal Kombat. And that film was mostly just Bruce Lee's Enter The Dragon.