I can think of several reasons...
-Plywood isn't as strong, as observed.
-Plywood would be very likely to blow out in the machinery they use to cut the dominoes... I'm imagining that it's some sort of large shaper, before cutting to length and pressing. Sometimes shapers and routers work on plywood. But when they don't, it'll just jam up the line, slow things down and increase cost.
-Plywood simply costs more. Getting wood directly from a tree versus Having someone else get the wood, tear it apart, re-glue it all back together, and then sell and ship it to Festool... plain wood will win out on price every time.
I think I get the argument, that plywood seems like it might be cheaper. But my guess is, dramatically not.