The laser turntable is fully ANALOG
After reading the website in more detail, the ELP turntable is claimed to be ANALOG from laser all the way to the output stage. There is a reply made by an owner in the Audiogon discussion that says the same thing. So I was wrong in the digital to analog conversion. (Several asked the same question in the thread!)
I'm not sure how a laser can read a physical medium and do it in analog from start to finish. From the descriptions, it is a technology I'm not comprehending. But it gets stellar reviews from owners and journalistic/industry reviewers alike.