Stephanie Meadow and Jack Senior were the winners of the inaugural World Invitational last year
Due to the corona virus, the World Invitational will not take place in 2020, but the tournament is expected to return in 2021.
The event, with competitions for men and women with equal prize money for both, was scheduled for August.
Last year's inaugural event was played at Galgorm Castle and Massereene.
Stephanie Meadow from Northern Ireland won the women's event, while Jack Senior won the men's event in a play-off.
This year's event would raise the prize pool and the prospect of other LPGA stars joining Meadow in the women's field while the men's tournament is expected to have full European Tour status.
Those plans remain for the event in 2021.
"The ISPS Handa World Invitational will now take place in 2021, allowing all partners and stakeholders to focus on addressing the pandemic of the coronavirus, "said one of the tournament organizers.
Tournament Director and Director of Galgorm Castle Gary Henry added: "We look forward to bringing the event back to this new higher level in 2021.
" While it is disappointing, there are currently much more important things going on. "
Heysham man Senior and Meadow have both collected first prizes of £ 33,000, with runner up Charley Hull and Matthew Baldwin just over £ 22,000
It was the first time in history of professional golf in Europe that men and women played separate tournaments for the same prize money.
Last year's World Invitational men's event, which passed the previous Northern Ireland Open, staged at Galgorm Castle, was part of of the Second Class European Challenge Tour.
Golf courses in the UK and Ireland were closed last week to help prevent the spread of the coronavirus.