I don't doubt that game developers do this, but I've never really heard a satisfying reason why, besides vague hand-waving about "needing more performance". I'm not a game developer though, so maybe it's truly needed. Or maybe it was needed in the 80s and 90s but not anymore, and maybe the mentality is simply stuck in the minds of game developers.
I remember interviewing a former game developer at a [not game] company, and we started talking about the C++ Standard Library. Candidate insisted that "the STL is slow," and that you shouldn't use it in any production software, and that if he worked on a project that used it, the first thing he'd want to do was re-write it using his own containers and allocators and so on. I would ask him questions like "what is slow about it" and "how do you know where it's slow, as used in our company's application" and "have you profiled any code that used it to find out where it's slow" and so on, and it became clear (to me) that he was probably just operating out of some ancient tribal believe that "STL = slow" that was organically passed on to him from other game developers throughout the decades.